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Crypto

BlackRock\'s BITA listing seen ahead as fee set at 0.65 percent, rivalry with Goldman Sachs bitcoin spot ETF emerges

BlackRock has set the fee for its bitcoin premium income exchange-traded fund, BITA, at 0.65 percent ahead of a planned Nasdaq listing. CoinPost reported that BlackRock filed a fourth amended registration statement with the U.S. Securities and Exchange Commission on June 10. Bloomberg ETF analyst Eric Balchunas said the fee is below two large covered-call bitcoin spot ETFs. He also said BITA appears close to launch, as competition with Goldman Sachs intensifies.

Crypto

Wintermute says bitcoin slump driven by U.S. institutional selling, not Strategy

Deteriorating bitcoin supply and demand began before Strategy sold, and there are still no clear signs of recovery, an analysis said. Wintermute, a crypto trading and market-making firm, pointed to U.S. institutional outflows and net withdrawals from spot bitcoin ETFs as key drivers of the recent slump. It said Strategy’s sale was small but hurt sentiment. Wintermute also cited macro headwinds and weaker AI-related stocks, and said long-term buyers were accumulating but it was too early to call a bottom.

Crypto

Trump earns 3.5 trillion won from crypto as investors post losses, analysis shows

U.S. President Donald Trump\'s family earned about $2.3 billion in pre-tax profit from crypto ventures over the past 18 months, while retail investors and shareholders in related listed firms recorded $2.25 billion in losses, an analysis showed. The biggest gains were tied to World Liberty Financial token sales and the TRUMP memecoin, while investors faced lockups and price drops. A Nasdaq-listed firm and a bitcoin miner were also cited.