Spot Bitcoin ETFs: Inflows to Continue for Years

Matt Hougan, the chief investment officer of Bitwise, believes that spot Bitcoin exchange-traded funds (ETFs) will continue to attract investments for years to come. Massive Adoption Potential Hougan notes that there are still many investors who have not yet invested in Bitcoin ETFs but are likely to do so in the future. He has observed…

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Bitcoin ETF Inflows Could Reach $1 Trillion

Recent Market Activity After a brief outflow, the Bitcoin ETF market has seen a surge in inflows, signaling growing investor confidence. This week alone, there have been significant inflows: Tuesday: $480 million Wednesday: $243.5 million Thursday: $323.8 million from Blackrock Long-Term Outlook Matt Hougan, CIO of Bitwise, believes this is just the beginning. He predicts…

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Sam Bankman-Fried Faces Up to 110 Years in Prison

Guilty of Fraud and Obstruction Sam Bankman-Fried, the former CEO of FTX, was found guilty of fraud and obstruction of justice. Judge Lewis Kaplan said Bankman-Fried’s actions caused billions of dollars in losses to investors, lenders, and customers. Judge Highlights Severity of Crimes Judge Kaplan emphasized that Bankman-Fried’s crimes were serious and intentional. He misappropriated…

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US and UK Crack Down on Hamas Funding in Gaza

Sanctions on Gaza Now The US and UK have imposed sanctions on Gaza Now, an online platform allegedly funding Hamas, a militant group. Mustafa Ayash, the platform’s mastermind, and others involved in fundraising have been targeted. Cryptocurrency in Terrorism Financing After an attack in Israel, Gaza Now was found to accept cryptocurrency donations. The investigation…

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