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Crypto

BlackRock launches two ETFs in Canada including one with 3 percent bitcoin allocation

BlackRock Canada has launched two new exchange-traded funds, including one that allocates 3 percent to bitcoin, and both have begun trading on the Toronto Stock Exchange. The iShares Equity+Bitcoin ETF Portfolio allocates 97 percent to diversified equities and invests 3 percent in bitcoin through BlackRock Canada’s iShares Bitcoin ETF. The iShares Core MSCI All International Equity Index ETF invests outside Canada and the United States.

Crypto

BlackRock IBIT sees $122 million outflow, ending three-week run of net inflows for U.S. bitcoin ETFs

Money flowed out of BlackRock\'s spot bitcoin ETF IBIT, with $122 million withdrawn, ending a three-week streak of net inflows in the U.S. spot crypto ETF market. Total net outflows from U.S. spot crypto ETFs reached $265.37 million, with IBIT accounting for about half. Outflows also hit Fidelity\'s FBTC and Ark 21Shares\' ARKB. On-chain data showed 1,948.07 BTC moved to Coinbase Prime, roughly matching IBIT’s outflow.

Crypto

Bitcoin stays under halving-day price for over 800 days, raising worst-cycle view

Bitcoin has remained in a loss zone for buyers who purchased on the day of its fourth halving, staying below that level for more than 800 days, prompting views this cycle is the worst on record. Bitcoin is around $59,400, under about $64,000 on April 19, 2024. Decrypt said spot bitcoin ETFs drew large institutional inflows before the halving, lifting prices earlier and diluting the halving’s impact. Analysts also track realized price in comparing cycles.