BlackRock’s spot Bitcoin ETF sees over $1.8B volume in first two hours

Bitcoin ETF trading volume has reached $5.6 billion, reflecting a significant increase in institutional interest and participation in the cryptocurrency market. This surge indicates a growing acceptance of Bitcoin as a legitimate investment vehicle among institutional investors.

The Bitcoin-to-silver ratio has reached its lowest point since October 2023, coinciding with a significant surge in silver prices. This shift suggests a growing investor preference for silver as a traditional hedge against economic uncertainty, potentially at the expense of Bitcoin's appeal.

The stock of American Bitcoin Corp, backed by former President Donald Trump, has plummeted nearly 40% following the unlocking of private placement shares. This significant decline highlights the volatility often associated with cryptocurrency investments and raises concerns about the stability of ventures linked to Trump.

Former SEC Chair Gary Gensler has declared that all cryptocurrency assets, with the exception of Bitcoin, are considered risky. This statement could significantly influence regulatory frameworks and investor attitudes towards cryptocurrencies globally.

The SEC has expressed concerns regarding high-leverage ETF plans associated with cryptocurrency and tech stocks, indicating a potential slowdown in the approval process for these investment vehicles. This scrutiny aims to mitigate excessive risk-taking in volatile markets.

Bitcoin treasury companies have significantly increased their holdings, now controlling approximately 5% of the total Bitcoin supply, with Strategy leading the way by holding 650,000 BTC. Despite market fluctuations, these companies, including Metaplanet and MARA, continue to accumulate Bitcoin, indicating a strong belief in its long-term value.

Qivalis, a new entity backed by major European banks, is set to launch a euro stablecoin by 2026, aiming to enhance the EU's digital sovereignty and provide a competitive alternative to US dollar-dominated payment systems. This initiative reflects a growing trend among European financial institutions to develop digital currencies that align with regional economic interests.

Singularity Compute has launched the first enterprise-grade NVIDIA GPU cluster in Sweden, marking a significant advancement in decentralized AI infrastructure. This initiative is expected to accelerate the development of global Artificial Superintelligence.