Crypto Bosss

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US Spot Bitcoin ETFs Continue Positive Streak with $106M Inflows; BlackRock’s IBIT Attracts $184M US-listed spot Bitcoin ETFs recorded their fifth consecutive day of inflows, amassing a total of $106 million on Wednesday. BlackRock’s iShares Bitcoin Trust (IBIT) led the surge, attracting $184 million in net investments, according to Farside Investors data. Meanwhile, Bitwise’s Bitcoin ETF (BITB) gained an additional $2 million. However, not all funds shared this momentum. Fidelity’s FBTC Reports Outflows Fidelity’s Bitcoin Fund (FBTC) and the ARK Invest/21Shares Bitcoin ETF (ARKB) reported significant outflows of approximately $33 million and $47 million, respectively. Other major Bitcoin ETFs, such as the Grayscale Bitcoin Trust (GBTC), saw no inflows. Since its conversion to an ETF, GBTC has experienced over $20 billion in investor withdrawals.

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Hong Kong is introducing a new Bitcoin exchange-traded fund that allows investors to bet against the cryptocurrency, even as the market reaches near 6-week highs. Ding Chen, CSOP Asset Management’s CEO, told Bloomberg that the company will debut the CSOP Bitcoin Futures Daily (-1x) Inverse Product in Hong Kong on Tuesday morning. This will be the first crypto-linked inverse ETF in the Asia-Pacific region. A bitcoin inverse ETF is a financial tool created to yield returns that are opposite to bitcoin’s performance. When bitcoin’s price drops, the value of the inverse ETF goes up. This setup lets investors potentially make money from bitcoin’s price drops without having to directly short the asset.

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Reports have repeatedly suggested that Tether worth billions of dollars has been laundered following pig butchering and sextortion scams — and it’s a problem getting worse, not better. The blockchain analytics firm Elliptic says Tether is the primary payment method of a platform called Huione Guarantee, which facilitates transactions on behalf of cybercriminals and their customers. Some merchants claim they can assist with money laundering, especially with ill-gotten gains obtained through pig butchering incidents. Others say they’re willing to help deal with the proceeds of sextortion scams. For the uninitiated, pig butchering scams see fraudsters gradually win the trust of unsuspecting individuals — often by pretending to be romantically interested — and encouraging them to gradually place their entire life savings into too-good-to-be-true crypto investments.

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Hello World, I'm glad to see you! I love everyone 🤩

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https://warpcast.com/smartarena/0x03876000

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First Major New York Venue Goes Fully On-Chain: Iconic Music Spot Adopts On-Chain Ticketing Powered by Aptos Live event ticketing platform KYD Labs and famous New York City music venue Le Poisson Rouge (LPR) have signed a multi-year ticketing partnership to exclusively power all shows and tickets on the Layer 1 Aptos blockchain. According to the press release, this is the first that “ticketing for a venue of this magnitude” in the USA is brought completely on-chain. It represents “an unprecedented achievement for a newcomer in ticketing,” it added.

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https://warpcast.com/americanexpress/0x54ff1f3d

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Ethereum ETFs Near ‘Finish Line’ as SEC Discusses Other ETFs Bitwise’s chief compliance officer, Katherine Dowling, suggested in a July 8 Bloomberg interview that diminishing issues within S-1 filings could indicate the imminent launch of Ethereum ETFs. This comes amidst reports of ongoing discussions between the SEC and various firms regarding other spot ETFs. Dowling cited this as a positive sign that the highly anticipated eight U.S.-based spot Ether exchange-traded funds (ETFs) are nearing launch. “We’re seeing in the S-1 amendments that there are fewer and fewer issues that are being vetted back and forth between issuers and the SEC,” she said.

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Yield-bearing liquid Bitcoin solution Lombard on Tuesday announced it raised $16m in a funding round led by Polychain Capital. Joining the round were investors including BabylonChain, dao5, Franklin Templeton, Foresight Ventures, and Mirana Ventures. Crypto exchanges including Bitget, Bybit, and OKX also participated, likely aiming to attract new users by offering this yield-bearing Bitcoin solution. Founders and executives from Allora, Altlayer, Babylon, BeraChain, Euler, Gearbox, and Pendle also joined the investors. The team has executives with experience in other crypto companies including Argent, Coinbase, and Maple.

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