*💰 *BlackRock’s IBIT continues to lead net inflows in spot bitcoin ETFsSpot bitcoin exchange-traded funds in the U.S. recorded a total daily net inflow of $28.32 million on Wednesday. The funds continued to log their 12th consecutive day of inflows, marking the longest streak since the last week of February. The inflows were led by BlackRock’s IBIT, which drew in $24.5 million worth of funds according to data from SoSoValue. Grayscale’s GBTC saw net outflows of $31 million.

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@BitcoinAltcoinCryptoNews

*🪙 *Long-term bitcoin holders reaccumulating for first time since last December: GlassnodeLong-term bitcoin holders are starting to re-accumulate for the first time since December 2023 after multiple months of selling, according to Glassnode data. "Residing just shy of its all-time high, bitcoin continues to consolidate, with long-term holders beginning to re-accumulate coins for the first time since December 2023," a report from the market intelligence firm said today.

Source

@BitcoinAltcoinCryptoNews

*💰 *BlackRock adds $4.1 million of its IBIT spot Bitcoin ETF to two funds
Asset management giant BlackRock added $4.1 million worth of its spot Bitcoin ETF shares to two of its funds, according to May 28 SEC filings. The asset manager added $3.6 million of its iShares Bitcoin Trust (IBIT) shares to its BlackRock Strategic Income Opportunities Portfolio (BSIIX). Each purchase covers additions in the first quarter of 2024. BlackRock previously disclosed plans to add IBIT to its other funds in its SEC filings on March 8.

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@BitcoinAltcoinCryptoNews

💰 Bitcoin hash rate and difficulty rise following price increase on back of Ethereum ETF speculationBitcoin mining difficulty rose 1.5% to 84.4 trillion on Thursday after the network’s seven-day moving average hash rate moved back above 600 EH/s. The last Bitcoin difficulty adjustment on May 9 saw the metric fall 5.9%, the largest drop since the bear market lows of December 2022. The impact of reduced miner subsidy rewards following Bitcoin’s fourth halving event on April 20 began to take hold after an initial boost in transaction fee rewards stemming from the hype surrounding Runes subsided.

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@BitcoinAltcoinCryptoNews

💰 MetaMask intends to add Bitcoin support: reportThe popular self-custodial hot wallet is looking to add Bitcoin support, reports CoinDesk citing people familiar with the matter. The wallet provider hopes to roll out Bitcoin support within the next month, but those plans are subject to change. Bitcoin features could start small and grow over time, CoinDesk adds. Though MetaMask already expanded beyond the Ethereum ecosystem with the inclusion of Snaps, the move would add one of the most popular blockchains onto the most popular digital wallet platforms.

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@BitcoinAltcoinCryptoNews

💰 WisdomTree first to get nod from FCA on spot Bitcoin ETP ahead of multi-product UK launchWisdomTree has received approval from the Financial Conduct Authority to list its physically-backed Bitcoin and Ethereum ETPs on the London Stock Exchange. This approval allows WisdomTree to introduce the WisdomTree Physical Bitcoin and WisdomTree Physical Ethereum ETPs, targeting the May 28 lifting of UK restrictions. These ETPs, available exclusively to professional investors, have a management expense ratio of 0.35%, making them reportedly among the lowest fee institutional-grade crypto ETPs in Europe.

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@BitcoinAltcoinCryptoNews

*💰 *"Sometimes people use a Stock-to-Flow model to try to value Bitcoin and compare it to gold.
When you do have a halving, you're gonna have half as much over that next year to base your s2f on.

Just by math, if it was worth x, it will be worth 2x"

@BitcoinAltcoinCryptoNews

🏦 Kraken UK Managing Director says he would 'absolutely' like to see a *💰 *bitcoin ETF in the UKBitcoin ETFs should "absolutely" come to the UK, according to Kraken UK Managing Director Bivu Das. In an interview at the Digital Asset Summit in London, Das explained that the world has changed significantly since such products were restricted in the UK in 2021. "And if anything, some of those concerns that the regulators have around protection for retail investors are minimized to some extent if you're not owning the actual asset underneath it."

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@BitcoinAltcoinCryptoNews

💰 Bitcoin demand in 🇦🇷 Argentina reaches highest point in nearly two yearsBitcoin remains in demand among Argentines as the ARS has lost fourfold value against the US dollar in the last year, dropping from 0.0049 USD per ARS in March 2023 to 0.0012 USD at present. Argentines' efforts to preserve their savings amid the ongoing decline of their national currency, the Argentine peso (ARS), has resulted in the nation recently hitting its highest demand for Bitcoin in 20 months, according to a recent report.

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@BitcoinAltcoinCryptoNews

💰 Bitcoin Is a Top 10 Financial Asset by Market Cap

Bitcoin’s progress as the asset entered the top 10 financial assets in February by surpassing Warren Buffett’s Berkshire Hathaway. A few weeks down the line, BTC’s market cap exceeded $1.4 trillion and surpassed that of Meta and silver, becoming the 8th largest financial asset. The latest declines, though, have halted some of its progress, and BTC is now behind the metal.

Source

@BitcoinAltcoinCryptoNews