The Block
Bitwise CIO Matt Hougan explained the importance of wirehouses supporting bitcoin ETFs for their adoption.He said the first wirehouse to support the ETFs might come in the next few weeks.
Grayscale’s converted GBTC fund witnessed record daily outflows of $642.5 million on Monday.Despite $451.5 million in inflows to BlackRock’s IBIT, the combined spot bitcoin ETFs slumped to $154.4 million in net daily outflows.
Quick Take Centrifuge’s new platform connects on-chain and off-chain investment portfolio data for fund managers. Web3 asset manager Anemoy has already adopted the new service to manage its fund with Trident Trust.
Quick Take Libre protocol’s fund tokenization infrastructure platform powered by Polygon technology has gone live. Developed by Nomura’s Laser Digital and WebN Group, institutional heavyweights Brevan Howard and Hamilton Lane are set to be the first to use the platform.
The bitcoin price has dropped by over 6% in the past 24 hours.The latest price correction has impacted long positions, with over $134 million in bitcoin longs liquidated.
Japan’s GPIF is considering adding bitcoin to its investment portfolio.The fund is seeking information on bitcoin and other low-liquidity assets to diversify portfolio.The fund managed about $1.5 trillion as of the third quarter of 2023.
Quick Take The popular ride-hailing app said users in Singapore can top up their wallets with cryptocurrencies. The company said it will “monitor user adoption” and “respond to demand” for such services.
Quick Take The DOJ filed dozens of victim impact statements ahead of Bankman-Fried’s sentencing scheduled on March 28. One victim wrote that the “emotional toll” from the FTX collapse has been “overwhelming.”
Quick Take Gotchichain will be a Layer 3 rollup for the Aavegotchi game, using Base for settlement. The team at Aavegotchi is targeting a Q2 launch for its Layer 3 focused on blockchain gaming.
Quick Take Zhao’s new platform aims to provide underprivileged kids with free education. Zhao stepped down as CEO of Binance in November last year and pleaded guilty to violating the U.S. Bank Secrecy Act.
