Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

First Mover Americas: Investors Pile Into Bitcoin ETPs Following BlackRock ETF Filing

CoindeskCoindesk2023/07/19 12:01
By:Lyllah Ledesma

The latest price moves in crypto markets in context for July 19, 2023.

(Shutterstock)

This article originally appeared in , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context..

CD

Crypto investors have money into bitcoin exchange-traded products at a record pace ever since BlackRock filed for a spot-based ETF on June 15.New data from K33 Research shows the BTC-equivalent exposure of ETPs listed worldwide increased by 25,202 BTC ($757 million) to 196,824 BTC in the four weeks to July 16. That's the second-highest monthly net inflow, surpassed only by inflows seen following the launch of ProShares’ futures-based ETF and other futures-based ETFs in October 2021, according to K33 Research’s Vetle Lunde.

Societe Generale's (GLE) cryptocurrency division, SG Forge, has the first company to receive a license to offer crypto services in France from the country's financial regulator. SG Forge is licensed to provide buying and selling, exchange and custody of digital assets as of July 18, according to the . While dozens of crypto firms, including the world's largest cryptocurrency exchange, , are registered with the AMF, SocGen's crypto division is the first to receive a license.

Messaging platform Telegram issued $270 million in bonds this week to fund its growth until "we reach the break-even point," CEO Pavel Durov Tuesday. The platform is not yet profitable and has rising expenses due to its "massive growth," Durov said. It’s onboarding 2.5 million new users a day and earlier this year hit 800 million monthly active users. "I personally bought about a quarter of the new Telegram bonds, investing tens of millions into Telegram's growth. This comes in addition to the hundreds of millions I spent over the last 10 years to keep Telegram operational," Durov said. The alternative messaging platform has long been a favorite among crypto enthusiasts. That's partly attributable to the company's defunct efforts to launch its own crypto token, GRAM.

DeFiLlama

- Omkar Godbole

Edited by Sheldon Reback.


184

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

You may also like

VIPRecommended high-quality projects for major clients (June 25) — Bitget Earn projects

Bitget2024/06/25 05:51

Layer 2 network Blast to roll out its token airdrop next week

The Ethereum Layer 2 network has planned to roll out a token airdrop for users on June 26.

The Block2024/06/20 05:50

Understanding Pectra: Ethereum’s next upgrade

Odaily2024/06/18 06:20

VIPRecommended high-quality projects for major clients (June 12) — On-chain Earn projects

Bitget2024/06/17 08:36

‌Spot copy trading

More
AIOnline
AIOnline
insight1000/1000
9940.54%
ROI
Total profit $50696.75
WhaleGo_YouTube
WhaleGo_YouTube
insight500/500
1324.99%
ROI
Total profit $3847.28

Bot copy trading

More
AIZQUEEN
AIZQUEEN
insight20/150
$11718.02
Total profit
Total subscriber profits $35.91
GoldenEgg
GoldenEgg
insight145/150
$5644.26
Total profit
Total subscriber profits $-284.87