Charles Schwab Begins Offering Bitcoin, Ethereum Trading to US Users
Charles Schwab started allowing select users to trade Bitcoin and Ethereum directly alongside their other investments.
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The post BlackRock dumps over $170m of these two cryptocurrencies in a day appeared on BitcoinEthereumNews.com. BlackRock Inc. (NYSE: BLK) accelerated its Bitcoin (BTC) and Ethereum (ETH) sell-off on May 13 amid rising risk of crypto capitulation. BlackRock deposited 861 BTC, worth approximately $69.59 million, to Coinbase Prime on Wednesday, according to on-chain data from Arkham Intelligence. Additionally, the management firm sent 44,691 ETH, valued at around $103.15 million, to Coinbase Prime. On-chain analysis for BlackRock’s BTC and ETH. Source: Arkham Intelligence As such, BlackRock dumped $172.68 million in crypto assets, thereby signaling a rising institutional shift. Furthermore, BlackRock’s iShares Bitcoin Trust (IBIT) has now recorded 5 consecutive days of cash outflows totaling $235.21 million, bringing its total assets to $66.27 billion at the time of publication. IBIT daily inflows. Source: SoSoValue Similarly, BlackRock’s iShares Ethereum Trust (ETHA) has recorded low de
Read full articleCharles Schwab started allowing select users to trade Bitcoin and Ethereum directly alongside their other investments.
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XRP’s futures open interest has climbed 23% so far in May, a sign that traders are betting bigger on the token even as its price trades roughly 6% below a recent high of $1.50. At $1.46 at the time of writing, XRP is down just nearly a percent in the last 24 hours — yet the money flowing into XRP investment products tells a different story. Related Reading: Strategy Boosts Bitcoin Position With Fresh $206M STRC Injection Institutional Appetite Keeps Growing Spot XRP exchange-traded funds recorded close to $26 million in inflows on Monday alone, the largest single-day figure since January 5. That pushed cumulative net inflows into a new all-time high of $1.35 billion, with total assets under management across spot XRP ETFs now sitting at $1.18 billion. The streak covers five straight days of net inflows. Broader XRP exchange-traded products — a category that includes ETFs and similar investment vehicles — pulled in nearly $40 million during the week ending May 8, according to data from
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