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LMArena Secures $100M Seed Funding to Establish the Definitive Gold Standard for AI Reliability Evaluation – Web3oclock

LMArena Secures 0M Seed Funding to Establish the Definitive Gold Standard for AI Reliability Evaluation – Web3oclock


Building Critical Infrastructure for Trustworthy AI:

Trusted by the Best, Driven by Principles:

A Long-Term Vision for AI Accountability:

About LMArena:



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Astar Network Secures Strategic Investment from Animoca Brands to Usher in a Bright Future for Web3 Entertainment – Web3oclock

Astar Network Secures Strategic Investment from Animoca Brands to Usher in a Bright Future for Web3 Entertainment – Web3oclock


Powering the Future of Onchain Entertainment with Animoca Brands:

Strengthening Astar’s Entertainment-First Ecosystem:

Anime ID: Powered by Moca Network, this upcoming identity and reputation layer will enable seamless onboarding for millions of Web2 users into Web3, providing them with verified, reputation-based identities for onchain entertainment and gaming experiences.

Anime Art Fest: A pioneering event designed to democratize access to blockchain-based art and entertainment, empowering IP owners, artists, and developers to reach new audiences and unlock new revenue models via NFTs and digital collectibles.

A Visionary Alliance for Long-Term Growth:

What’s Next for Astar and Animoca?



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Entertainment Without Borders: AI-Media and Lightning International Join Forces to Make FAST Channels Accessible to Everyone | Web3Wire

Entertainment Without Borders: AI-Media and Lightning International Join Forces to Make FAST Channels Accessible to Everyone | Web3Wire


SYDNEY and HONG KONG, May 22, 2025 (GLOBE NEWSWIRE) — AI-Media Technologies Limited (“AI-Media”), a global leader in live captioning and translation solutions, has entered a groundbreaking partnership with Lightning International (“Lightning”), the leading distributor of Free Ad-Supported Television (FAST) channels. This collaboration aims to break down barriers and bring the joy of entertainment to every corner of the globe, and enhance revenue opportunities for FAST platforms and content owners, transforming how premium content is distributed and monetized across diverse markets.

Solving Accessibility and Localization Challenges

Imagine viewers in Germany – or anywhere in the world – accessing the latest news in real time, with no language barriers. This partnership addresses key challenges for FAST platforms: delivering premium, localized content to a global audience and increasing accessibility for all viewers from heart-pounding action movies to the latest chart-topping music, and even adorable pets. Leveraging AI-Media’s LEXI and LEXI Translate solutions, content is localized in real-time with live-translated captions burned directly into the feed, making it accessible in over 50 languages.

For example, a channel previously limited to English-speaking markets, can now reach fans worldwide by offering live-translated captions in French, German, Italian, Japanese, and more. This opens new distribution channels, expands viewership, and enables content monetization in previously inaccessible markets.

Tony Abrahams, CEO of AI-Media, said “This partnership with Lightning International is a game-changer for the FAST industry. By making premium content accessible and localized in real-time, we are helping platforms grow audiences and increase revenue while making global content truly inclusive.”

Transformative Benefits for FAST Platforms and Content Owners

Increased Engagement and Viewership: Captions enhance engagement, driving repeat viewership and longer watch times—a key factor for increasing ad opportunities on FAST platforms.Greater Accessibility: AI-Media’s solutions not only benefit the d/Deaf and hard-of-hearing communities but also cater to the growing demand for captions among millennial and Gen Z viewers, 87% of whom find captions useful for watching video content.New Revenue Streams: By breaking down language barriers, this partnership enables content owners to reach new markets, driving higher audience numbers and ad revenue.Cost-Effective Localization: Traditional live translation methods are expensive and resource intensive. AI-Media’s AI-powered solutions deliver scalable, real-time localization at a fraction of the cost, with less latency and greater reliability.

How It Works

AI-Media’s Alta and LEXI Translate solutions provide real-time transcription and translation. Captions are seamlessly integrated into the linear channel feed, which is then delivered to FAST platforms via Lightning International’s content delivery services based in Hong Kong. This approach ensures a streamlined workflow that is cost-effective, scalable, and reliable.

James Ross, CEO of Lightning International, commented “We are excited to collaborate with AI-Media. With this partnership, we are setting a new standard for localisation in the FAST industry, enabling us to unlock new markets, making it possible for every viewer to enjoy our diverse content without any language barriers.”

The future of FAST TV localisation is brighter than ever with the launch of LEXI Voice at NAB. This breakthrough in AI dubbing empowers broadcasters and content owners to deliver real-time alternate-language audio tracks—enhancing accessibility for the visually impaired and offering global audiences a more immersive, native-language experience.

About AI-Media

Founded in Australia in 2003, AI-Media (ASX: AIM) is a global leader in AI-powered live voice translation, captioning, and language accessibility solutions. AI-Media’s latest innovation, LEXI Voice, transforms how global audiences engage with live content – providing real-time, multilingual voice translations built on the industry-leading accuracy of its LEXI captions. Designed for broadcasters, enterprises, and event producers, LEXI Voice opens new revenue streams and audience reach by making live content instantly accessible in multiple languages. Trusted in 25+ countries, AI-Media’s end-to-end ecosystem – including iCap, Alta, Encoder Pro and the LEXI Toolkit – delivers unmatched automation, precision, and scalability. With a proven record of replacing legacy human workflows, AI-Media empowers the world’s top organisations to deliver accessible, inclusive experiences at scale.

About Lightning InternationalLightning International is a content solutions company with a focus on creating and distributing TV Channels, programmes, and formats. Based in Hong Kong and the UK since 2011, Lightning further strengthened its capabilities by joining the AsiaSat family in 2023, and distributes a package of 15+ FAST channels which are already carried on numerous platforms around the world. These channels are fully curated by Lightning to broadcast standards and are available in Asia and worldwide. They include channels such as Action Hollywood Movies, Concerto TV, Docsville, NOW 70s, NOW 80s, Now 90s00s, NOW Rock, Pet Club TV, Pulse, RCM, TRACE Urban, TRACE Sport Stars, NewsWorld, Globetrotter, and our latest additions 24/7 SAMURAI-SHINOBI and hi Life! Additionally, the company licenses a full catalogue of programming, both as finished shows and formats. http://www.lightninginternational.net

Media Contact:Fiona HabbenHead of Global MarketingFiona.habben@ai-media.tv

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/201bd6ac-b226-4036-b19d-a4f14b2d8907

About Web3Wire Web3Wire – Information, news, press releases, events and research articles about Web3, Metaverse, Blockchain, Artificial Intelligence, Cryptocurrencies, Decentralized Finance, NFTs and Gaming. Visit Web3Wire for Web3 News and Events, Block3Wire for the latest Blockchain news and Meta3Wire to stay updated with Metaverse News.



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XRP Ledger sharpens competitive edge with fresh stablecoin additions of EURØP, USDB, and XSGD

XRP Ledger sharpens competitive edge with fresh stablecoin additions of EURØP, USDB, and XSGD



The XRP Ledger (XRPL) added three stablecoins, EURØP, USDB, and XSGD, to its ecosystem this week.

According to the announcements, each of the tokens is backed by fiat currencies and will reinforce XRPL’s role in the fast-evolving global stablecoin market.

Notably, XRPL is fast becoming a top choice for stablecoin issuers and institutional players due to the network’s features, including low fees, fast transaction speeds, scalability, built-in regulatory tools, and native support for real-world asset tokenization.

MiCA-compliant stablecoin launches on XRPL

On May 22, EURØP, a euro-pegged stablecoin issued by Schuman Financial, joined XRPL as part of a broader push to support MiCA-compliant digital assets in Europe.

Schuman Financial, licensed by the French central bank, ensures EURØP is fully backed by reserves held in major European banks and audited by KPMG.

Martin Bruncko, the firm’s CEO, stated that XRPL provides the scalability and security required for euro-denominated innovation on the blockchain.

He added:

“This will give Europe and euro-denominated financial markets an integral infrastructure for the next wave of financial innovation, which is happening on-chain.”

Brazilian and Singaporean stablecoins

On the same day, Brazilian fintech firm Braza Group revealed that it launched USDB, a US dollar-backed stablecoin, on XRPL. USDB will complement Braza’s earlier token, BBRL, which is already live on XRPL.

Braza CEO Marcelo Sacomori noted that USDB gives Brazilian users a new tool for hedging against currency volatility while enabling faster digital transactions.

Sacomori said:

“We believe that by the end of next year, USDB could account for about 30% of Brazil’s USD-pegged stablecoin market. This will be driven not only by our established presence but also by the creation of new pathways for global currency settlement.”

Rounding out the trio, Singapore dollar-pegged XSGD, issued by StraitsX, went live on XRPL on May 19. StraitsX is a leading digital payment infrastructure provider in Southeast Asia.

According to the statement, XSGD is backed one-to-one with reserves held at DBS Bank and Standard Chartered.

The asset will allow financial institutions, startups, and developers to access fast and cheap payments on a blockchain built for real-world utility.

Liu Tianwei, Co-Founder and Deputy CEO at StraitsX, said:

“As digital money becomes embedded in the global economy, regulated stablecoins like XSGD will serve as the foundation for borderless, real-time, and compliant-ready financial services.”



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Spheron Network X Hive Intelligence: Solving the AI & Crypto Data

Spheron Network X Hive Intelligence: Solving the AI & Crypto Data


The crypto space is evolving fast, and AI agents are becoming smarter every day. But there’s a fundamental problem holding them back — access to reliable, real-time blockchain data.

Most AI agents today struggle with fragmented data sources, outdated indexing, and the need for extensive human engineering just to extract useful insights from blockchain ecosystems. At the same time, these AI models demand massive compute to process and interpret that data in real time, especially when scaled across multiple chains.

It’s a two-sided bottleneck:

On one side, AI agents can’t get accurate, structured blockchain data fast enough.

On the other, they’re constrained by limited, centralized compute access.

The Solution: Hive Intelligence + Spheron

That’s where Hive Intelligence comes in.

Hive has built a powerful, AI-native search engine API designed specifically for crypto agents. It delivers LLM-ready, real-time responses from over 20 blockchain networks. Whether it’s querying DeFi activity, NFT market trends, token metrics, or wallet behaviors — Hive transforms raw blockchain data into structured insights optimized for Large Language Models (LLMs) and Retrieval-Augmented Generation (RAG) pipelines.

This solves the data problem. But scaling Hive’s intelligence layer requires robust, scalable GPU infrastructure. And that’s where Spheron Network steps in.

Spheron is building the world’s largest decentralized GPU network, powered by a global community of node operators. With programmable compute, Spheron enables AI services like Hive to tap into GPU power on-demand, all without relying on centralized cloud platforms like AWS or GCP.

This partnership allows Hive Intelligence to scale its compute needs reliably and affordably across a decentralized network — staying true to the principles of Web3.

Skynet: Where It Comes Full Circle

But it’s not just a one-way integration.

Spheron’s flagship project, Skynet, is redefining AI agent autonomy. Skynet agents operate independently, manage their own funds, and evolve over time — all without centralized control. To enable these agents to act intelligently in the crypto world, they need high-quality, real-time data.

That’s why Skynet will use Hive Intelligence as its default intelligence layer — feeding its autonomous agents with rich, multi-chain blockchain data in an LLM-friendly format. This powers Skynet’s capabilities in trading, yield farming, risk analysis, and more — all within a decentralized and trustless framework.

A Symbiotic Future

This partnership between Hive Intelligence and Spheron Network is more than just technical collaboration. It’s a shared vision for the future of Web3:

Autonomous agents powered by real-time blockchain data.

Decentralized compute that scales with demand.

AI and crypto systems that operate trustlessly and transparently.

Together, Hive and Spheron are laying the groundwork for agentic AI in crypto—intelligent, self-sustaining systems that can learn, trade, and evolve.

Learn more:



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Strategy to Offer $2.1 Billion in ‘Crown Jewel’ Preferred Stock – Decrypt

Strategy to Offer .1 Billion in ‘Crown Jewel’ Preferred Stock – Decrypt



In brief

Strategy said it plans to offer $2.1 billion of its Perpetual Strife Preferred Stock (STRF).
Unlike the company’s previous offering, preferred shares will be sold at their market price.
Strategy co-founder and Executive Chairman Michael Saylor called STRF the “crown jewel” of the firm’s preferred strategy.

Strategy, formerly MicroStrategy, plans to raise $2.1 billion by issuing more preferred stock, according to a Securities and Exchange Commission filing on Thursday.

Strategy’s Perpetual Strife Preferred Stock (STRF), which was unveiled in March, offers a 10% annual cash dividend. The product, which is only available to institutional investors, has an escalation mechanism, where its payout can increase if Strategy misses payments.

The offering is intended to be a low-volatility option for investors that dovetails with Strategy’s other fundraising initiatives, including plans to raise $21 billion through Strategy’s Perpetual Strike Preferred Stock (STRK) and $21 billion by issuing the firm’s common shares.

Unlike Strategy’s first STRF offering, which was upsized to $723 million from $500 million, the preferred shares will be offered on the Nasdaq at the product’s market price. In a video posted to X, formerly Twitter, Strategy President and CEO Phong Le noted that STRF’s price has increased 16% to $99.8 from its launch price of $85 per share.



“We’ve been very happy with the performance of STRK and STRF since we rolled these out in the first quarter,” he added, highlighting STRF’s $31 million in daily trading volume.

In the video, Strategy co-founder and Executive Chairman Michael Saylor described STRF as “the crown jewel of our preferred strategy.” In that sense, the company is being “choosy” about how much STRF it issues, he added, acknowledging that $2.1 billion is a modest raise compared to Strategy’s other fundraising efforts.

 

At the end of the day, STRF is unlocking a new class of investors, Saylor said, who might not be comfortable with buying Bitcoin, a “highly volatile stock,” or convertible debt.

“As the market becomes more comfortable with Bitcoin and more comfortable with our preferred strategy, they’ll start to see just how good these instruments are,” he said. “Strife is an instrument to draw a new class of investors into the Bitcoin universe.”

Strategy is the world’s largest corporate holder of Bitcoin, controlling 576,000 Bitcoin worth roughly $64 billion. Earlier this week, the company said that it had added around $764 million worth of the asset to its corporate coffers.

Strategy’s stock price rose 2.8% to $413 on Thursday, according to Yahoo Finance. Although Bitcoin’s price set a fresh all-time high of $111,000, Strategy’s stock price has yet to eclipse an all-time high of $543, seen in November.

Edited by James Rubin

Daily Debrief Newsletter

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Avalanche surges 11% to $25 after FIFA unveils blockchain and VanEck eyes fund

Avalanche surges 11% to  after FIFA unveils blockchain and VanEck eyes fund



Avalanche’s native token, AVAX, is gaining momentum in the current crypto market surge, buoyed by fresh institutional activity and a major partnership with FIFA.

According to CryptoSlate’s data, AVAX surged by 11% in the last 24 hours, reaching $25.16 at the time of reporting. This continues a weeklong trend that has seen the token rise by around 7%.

Notably, this recent upswing coincides with a broader market rally that pushed Bitcoin to new highs of more than $111,000.

Yet, AVAX’s rise appears driven by more than just market sentiment, evidenced by the recent significant developments within its ecosystem. These moves position the blockchain as a go-to platform for scalable, enterprise-ready solutions.

FIFA Blockchain

On May 22, FIFA officially launched its dedicated Layer-1 blockchain on Avalanche to boost its global access and fan engagement.

According to Avalanche, the new blockchain powers platforms like FIFA Collect, which offers digital collectibles tied to iconic moments in football history and exclusive real-world experiences such as VIP match access.

FIFA has partnered with infrastructure provider Modex to build and maintain the blockchain. The company will oversee both the backend development and the user-facing marketplace.

Modex CEO Francesco Abbate described the initiative as a leap forward for digital fan experiences, highlighting Avalanche’s scalability and ease of integration benefits.

Avalanche’s dedicated fund

The timing of FIFA’s launch aligns with a wave of institutional interest in Avalanche’s ecosystem.

On May 21, asset manager VanEck revealed plans to launch a dedicated fund focused on Avalanche-based projects in June.

This new vehicle, named the PurposeBuilt fund, will invest in liquid tokens and venture-backed blockchain ventures spanning AI, payments, gaming, and finance.

VanEck also plans to allocate unused capital into tokenized real-world asset markets on Avalanche, helping maintain liquidity while exploring long-term blockchain exposure.

Pranav Kanade, a portfolio manager at Avalanche, said:

“Avalanche has become a magnet for thoughtful builders, and with the VanEck PurposeBuilt Fund, we’re bringing capital and conviction to the founders creating lasting value, not chasing momentum.”

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Snowball x Spheron: Scaling Modular Identity for the Onchain World

Snowball x Spheron: Scaling Modular Identity for the Onchain World


Web3 is growing fast, but digital identity is stuck in silos. You’ve got an ENS for Ethereum, Lens for social, random wallet addresses for every chain, Twitter usernames, Discord handles… and none of it connects. Proving you are you across the stack is frustrating, confusing, and deeply fragmented.

As the on-chain ecosystem scales, identity needs to scale with it, not in more pieces, but as one cohesive layer.

The Solution: Snowball’s Modular Name Service (MNS)

Snowball MNS is building a chain-agnostic, modular naming layer for Web3 — one name that works across wallets, dApps, chains, socials, and everything in between.

It’s not just another naming protocol. It’s a plug-and-play identity layer for the next billion users:

Modular: Works across L1s, L2s, rollups, and app chains.

Composable: Extend your name with wallet addresses, DAO roles, social links, and more.

Human-first: Easy to read, easy to remember, and truly yours.

No more jumping through hoops. Just one name that follows you everywhere onchain.

The Challenge: Scaling Modular Identity Needs Compute Power

To support the infrastructure for Modular Naming at a global scale — from handling lookups and verifications to powering agentic identity extensions — Snowball MNS requires strong compute performance and scalability.

That’s where Spheron steps in.

The Partnership: Spheron x Snowball

Spheron is building the world’s largest decentralized data center, powered by its global community and GPU infrastructure. Their mission? Make compute permissionless, affordable, and accessible.

Now, Spheron is helping Snowball MNS scale its compute backend — providing the horsepower needed to run modular identity services efficiently, securely, and globally.

From name resolution and metadata storage to AI agents powering next-gen modular identity features, Spheron’s GPU network supports Snowball’s long-term vision.

Why This Matters

This partnership unlocks:

Scalable name infrastructure for the next generation of modular chains, rollups, and app-specific networks

Fast, decentralized resolution across multiple chains and identity endpoints

Compute power for on-chain AI agents to extend your identity experience with automation and personalization

Together, we’re making modular identity a reality—not just for developers and early adopters but for everyone.



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Greenhawk Options Its Greenland Properties and Cancels Outstanding Stock Options | Web3Wire

Greenhawk Options Its Greenland Properties and Cancels Outstanding Stock Options | Web3Wire


TORONTO, May 21, 2025 (GLOBE NEWSWIRE) — Greenhawk Resources Inc. (“Greenhawk” or the “Company“) (CSE: GRHK) announces that it has executed an arms-length Option and Joint Venture Agreement (the “Option Agreement”) with 1531323 BC Ltd. (“1531323 BC”) to advance the exploration and development of Greenhawk’s Greenland properties, which include the Storø and Qingaaq mineral exploration licenses (the “Properties”).

Under the Option Agreement, 1531323 BC is granted an option to acquire an 80% interest in the Properties in exchange for: (a) an upfront payment of $100,000, which shall be paid within 90 days, and (b) incurring $1,400,000 in spending at the Properties within 24 months according to the following schedule.

Payment PeriodMinimum ExpendituresWithin 6 months of the Closing DateMinimum of $450,000Within 12 months of the Closing DateMinimum of $350,000Within 18 months of the Closing Date  Minimum of $300,000Within 24 months of the Closing Date  Minimum of $300,000Total:  Minimum of $1,400,000

1531323 BC will be responsible for the operations of the Properties while the Option Agreement is in effect. If 1531323 BC satisfies the expenditure requirement at the Properties, the Company and 1531323 BC will establish a joint venture for the exploration and development of the Properties.

The Storø project (“Storø”) is a 12 km² license which hosts an inferred mineral resource estimated in 2021 by SRK Consulting (Sweden) AB at 885,000 tonnes, grading 3.4 g/t Au and totaling 95,000 oz of gold Mineral Resources. The Mineral Resource has a cut-off grade of 0.8 g/t Au for material located within the conceptual open-pit shell and 2.5 g/t Au for underground Mineral Resources located below the pit shell. Since 1995, a total of 102 drillholes totaling 17,371 m have been drilled into the known mineralized zones at Storø. Storø is surrounded by the Qingaaq license (“Qingaaq”), which covers some 540 km².

Martin Pittuck, CEng, FGS, MIMMM, a “Qualified Person” for the purpose of National Instrument 43-101, has reviewed and approved the scientific and technical information included in this news release.

1531323 BC intends to enter into a management services contract with the Company to provide advice in respect of the Properties.

The Company continues to actively pursue the acquisition of other properties and opportunities in the mineral exploration and resources sector.

The Company is also announcing that it has cancelled an aggregate of 8,600,000 stock options. The subject stock options are comprised of 4,600,000 stock options with an exercise price of $0.27 per share and an expiry date of October 20, 2025, and 4,000,000 stock options with an exercise price of $0.20 per share and an expiry date of June 24, 2026.

About Greenhawk Resources Inc.

Greenhawk is a Canadian resources exploration and development company. Greenhawk owns a 100% legal and beneficial interest in two mineral exploration licenses and one prospecting license in Greenland known as the Storø Gold Project. Additional Information on Greenhawk can be obtained from SEDAR+ at sedarplus.ca. Greenhawk is listed on the Canadian Securities Exchange (http://www.thecse.com) (CSE: GRHK).

Issued on behalf of the Board of Directors of Greenhawk Resources Inc. For information, please contact:

David Jagodzinski, Director Corporate DevelopmentPhone: +1 (416) 504-2020Email: info@grhk.ca

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

Cautionary Note Regarding Forward-Looking Information

Certain statements in this press release may contain forward looking information which can be identified by the use of forward-looking terminology such as “believes”, “expects”, “may”, “desires”, “will”, “should”, “projects”, “estimates”, “contemplates”, “anticipates”, “intends”, or any negative such as “does not believe” or other variations thereof or comparable terminology. No assurance can be given that potential future results or circumstances described in the forward-looking statements will be achieved or will occur. By their nature, these forward-looking statements necessarily involve risks and uncertainties that could cause actual results to significantly differ from those contemplated by these forward-looking statements including, but not limited to: the completion of the Transaction, including the receipt of the upfront payment, 1531323 BC making the requisite expenditures on the Properties to exercise the option on the Properties, the ability to obtain requisite corporate and regulatory approvals, including that of the CSE, the operator obtaining requisite permits and authorizations to allow for exploration on the Properties. Such statements reflect the view of the Company with respect to future events and are based on information currently available to the Company and on assumptions, which it considers reasonable. Management cautions readers that the assumptions relative to the future events, several of which are beyond management’s control, could prove to be incorrect, given that they are subject to certain risk and uncertainties, and that actual results may differ materially from those projected. Management disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking information.

About Web3Wire Web3Wire – Information, news, press releases, events and research articles about Web3, Metaverse, Blockchain, Artificial Intelligence, Cryptocurrencies, Decentralized Finance, NFTs and Gaming. Visit Web3Wire for Web3 News and Events, Block3Wire for the latest Blockchain news and Meta3Wire to stay updated with Metaverse News.



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Bitcoin ETFs Add $1 Billion in 2 Days Amid March to Record BTC Price – Decrypt

Bitcoin ETFs Add  Billion in 2 Days Amid March to Record BTC Price – Decrypt



In brief

It’s only Wednesday, and U.S. investors have plowed nearly $1 billion into spot Bitcoin ETFs.
The price of BTC has reached a new high.
Bitcoin ETFs in the U.S. have accumulated over $42 billion in net flows.

Investors poured nearly $1 billion into the new American Bitcoin ETFs, helping to drive the price of the leading cryptocurrency a record and a sign of markets’ growing embrace of digital assets. high. 

Investors on Monday and Tuesday put a total of $996.6 million into the funds, data from UK asset manager Farside Investors shows. Figures for Wednesday are yet to be released, but the ETFs that track BTC’s price have been surging in recent weeks, reaching a record high for net inflows of more than $42 billion. 

“Bitcoin ETFs have been on fire the last few weeks,” Bloomberg ETF research analyst James Seyffart told Decrypt.

The flurry of Bitcoin bets comes as investor appetite for crypto-focused assets has mushroomed in recent weeks, helping to spur a hefty price increase in the digital asset. Bitcoin’s price has soared  to $109,565 before retreating to roughly $107,000, according to crypto markets data provider CoinGecko. Bitcoin is up more than 23% over the past month reasserting itself after a late winter, early spring lull that took the price below $75,000 in early April. 



Spot Bitcoin ETFs since mid-April have received over $7.5 billion in inflows. 

“They are one of—if not the—most successful ETFs,” Seyffart said. 

BlackRock’s iShares Bitcoin Trust (IBIT), the largest of the funds in this category, has accounted for most of this week’s gains, generating nearly $600 million in net inflows. The Fidelity Wise Origin Bitcoin Trust (FBTC) and Ark 21Shares Bitcoin ETF (ARKB) have received $211.4 million and $201.7 million in inflows, respectively, according to Farside. 

Still, the most successful day the ETFs have had in their short lifespan was on November 7, when President Trump’s White House victory was announced. The funds then took in over $1.3 billion in new cash. 

The U.S. Securities and Exchange Commission last year approved the initial Bitcoin ETFs, allowing consumers to invest in the cryptocurrency without purchasing and safeguarding the asset directly, a process that often seems daunting. 

The funds have had the most successful launch in ETFs’ 32-year history, with a total of 11 funds controlling $127 billion in AUM. 

Edited by James Rubin

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Start every day with the top news stories right now, plus original features, a podcast, videos and more.



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