Abu Dhabi's sovereign wealth fund, Mubadala Investment Company, has acquired $436.9 million worth of shares in BlackRock's (NYSE:BLK) spot Bitcoin (CRYPTO: BTC) exchange-traded fund during the last quarter of 2024. What Happened: A regulatory filing released on Friday confirmed the purchase, marking one of the first known sovereign wealth fund allocations to Bitcoin-related financial products.

Bitcoin is trading in a tight range, pointing to a possible breakout in the near future.

In a recent update, Abu Dhabi on Friday, revealed a massive $436.9 million stake in BlackRock's iShares Bitcoin ETF (IBIT) as of December 31, 2024. The investment was made through Mubadala Investments, one of the country's sovereign wealth funds, according to a 13F filing with the SEC.

Wisconsin's significant investment in BlackRock's Bitcoin ETF highlights growing institutional confidence in cryptocurrency markets. The post Wisconsin doubles down on BlackRock's Bitcoin ETF with $321 million investment appeared first on Crypto Briefing.

GameStop is gaining momentum following recent reports of its potential crypto investment.

The state's investment board's stake was worth more than $320 million as of the end of 2024.

Bitcoin's price has been struggling to break past the $100,000 mark in early February amid ongoing market volatility. Despite these challenges, new data and indicators point to the possibility of further price gains.

The purchase follows BlackRock securing a commercial license to operate in Abu Dhabi towards the end of last year.

Hashdex and Nasdaq Global Indexes have launched the Hashdex Nasdaq Crypto Index US ETF (NCIQ), offering U.S. investors exposure to bitcoin and ethereum through a single exchange-traded fund (ETF). U.S. Investors Can Now Access Combined Bitcoin and Ether ETF—NCIQ The Hashdex ETF, which began trading on Nasdaq under ticker NCIQ on Feb.

Mubadala Investment, one of Abu Dhabi's sovereign wealth funds, has purchased $436 million worth of shares of BlackRock's iShares Bitcoin Trust ETF (IBIT).

El Salvador's President Nayib Bukele met with MicroStrategy (NASDAQ:MSTR) co-founder Michael Saylor on Thursday at the country's presidential palace, according to the country's National Bitcoin Office. What Happened: While the specifics of their discussion remain undisclosed, the meeting brought together two of Bitcoin's (CRYPTO: BTC) most outspoken supporters at a time when El Salvador is adjusting its cryptocurrency policies.

According to data from Farside Investors, outflows from Bitcoin ETFs topped $647 million amid four consecutive days of capital flight.

Mubadala's Bitcoin ETF investment signals growing institutional acceptance of digital assets, potentially influencing global crypto adoption trends. The post Abu Dhabi sovereign wealth fund steps into Bitcoin with a $436M ETF investment appeared first on Crypto Briefing.

El Zonte inspired Bukele to make bitcoin legal tender in El Salvador. CoinDesk visited the surfing village to see how it's developing.

Bitcoin surges on GameStop's rumored crypto investment. Learn how this speculation and technical patterns might drive BTC past 100,000 soon. The post Bitcoin Price Surges on GameStop Speculation – Could This Be the Next Retail FOMO Wave? appeared first on Cryptonews.

Bitcoin's Realized Cap has surged to new highs, indicating growing market confidence. However, rising leverage poses liquidation risks.

The identity of Bitcoin's pseudonymous creator remains a mystery to this day—but that hasn't stopped people from guessing.

The world's largest crypto has declined for five consecutive weekends, noted Standard Charterd's Geoff Kendrick.

Short-term bitcoin holders have purchased 1.5 million bitcoin since September, taking the total to over 4 million bitcoin, according to Glassnode data. Historically, this is relatively low for a bull cycle, indicating there is room for more buying activity.

Valentine's Day was not filled with love for the Bitcoin ETF market, as fresh data exposed some surprising numbers. On Feb. 14, exchange-traded funds reported a negative net flow of 1,765 BTC, which equates to about $171.06 million, according to Lookonchain.

This week, four different states introduced crypto-related bills, bringing the number of US states to introduce such legislation up to nine in February alone.

Peter Schiff, who has never been shy about his skepticism toward crypto, made the interesting call lately that he thinks silver could be the new Bitcoin (BTC). Now, before jumping to conclusions, Schiff is not suggesting silver is some kind if “Bitcoin killer” or anything of that sort.

According to data provided by Vetle Lunde, head of research at K33 Research, Bitcoin's volatility has now approached "rare lows."

Markets may be shifting from bad Trump to good Trump as risk sentiment improves, according to Geoffrey Kendrick, head of digital assets research at Standard Chartered. In a note sent to Benzinga, he pointed to lower oil prices, a potential Russia-Ukraine peace deal, and a peak in Trump-related tariff risks as factors supporting a better environment for digital assets.

Barclays Bank has disclosed a $131 million position in BlackRock's iShares Bitcoin Trust, according to its latest 13F filing with the U.S. Securities and Exchange Commission.

Bitcoin MVRV, an essential metric to understanding whether Bitcoin (BTC) is overbought or oversold at current prices, shows that we are getting closer to this cycle top. Meanwhile, the Bitcoin (BTC) community is still cautious after the BTC price's last plunge.

Analyst and trader Michaël van de Poppe says one Solana (SOL)-based altcoin may be gearing up for a breakout. Van de Poppe tells his 774,000 followers on the social media platform X that the cross-chain messaging protocol Wormhole (W) is showing bullish divergence on the weekly chart.

Strong fourth quarter results from Coinbase helped buoy bitcoin amid worries about inflation from disappointing CPI data earlier in the week. BTC Shows Slight Uptick Despite Worries of Inflation and a Slump in Trading Volume Bitcoin (BTC) is trading at $96,767.00 on Valentine's Day, marking a 0.97% increase over the past 24 hours.

Georgia State Senator Greg Dolezal has introduced Senate Bill 178, which aims to permit the state treasurer to invest in Bitcoin.

Today, over $2.5 billion worth of Bitcoin (BTC) and Ethereum (ETH) options contracts will expire, raising concerns about potential volatility in the cryptocurrency markets. As a significant amount of these contracts nears expiration, traders are closely monitoring how the event will impact the price of these assets.

TL;DR Today, more than $2.5 billion in Bitcoin and Ethereum options expire, potentially creating volatility in the crypto market and causing price fluctuations. Bitcoin and Ethereum prices are approaching “max pain” levels, which could trigger significant price movements, impacting traders.

Bitcoin traders have recently hit some snags in their efforts to push the price back up to $100,000. As the inflation rate does not seem to slow down, it has caused some panic among BTC traders. Currently, there's an increase in activity in the spot market despite the consolidation.

With the DXY in decline and central banks ramping up gold purchases, an analyst weighs the potential implications on bitcoin's price.

Old-school commodities trader Peter L. Brandt, who has been in the trading business since the mid-1970s, has shared some important data with the crypto community.

As Bitcoin gains recognition as a potential national reserve asset, the crypto community must ensure it remains accessible to the public and true to its decentralized roots.

Even as GameStop's (NYSE:GME) stock surged on reports that the company is considering investing in Bitcoin (CRYPTO: BTC), economist Peter Schiff sees the move as a desperate attempt to stay relevant. What Happened: Schiff, a long-time Bitcoin critic, said on Thursday on X that while GameStop has no viable business model, the irony is that Bitcoin itself is even more overpriced than the video game retailer's stock.

The Bitcoin market continues to see a lot of sideways action, but the early hours of Friday looks as if it is going to be more positive than negative, but still a bit listless and looking for direction overall.

XRP has been bullish on many fronts within the last 48 hours. The token's price has experienced a massive rebound, resulting in mild liquidations for traders holding long and short positions in the last hour.

Bitcoin fared quite well in 2024 against traditional assets like bonds, gold, real estate, and the equity market as a whole. But how does it compare to individual stocks?

Barclays has emerged as one of the top holders of BlackRock's Bitcoin ETF as of Dec 31, according to a Thursday 13F filing with the SEC.

Hong Kong continues to strengthen its position as a major crypto hub. Local authorities recently confirmed that Bitcoin (BTC) and Ethereum (ETH) can now be used to prove the wealth of investors applying for an investment visa.

Bitcoin recently hit an all-time high, solidifying its dominance in the crypto market. Cathie Wood predicts a massive price surge.

The bank itself revealed it with a filing to the SEC.

In a latest development, Hong Kong-based Investment firm Avenir Group reports owning $599 million in Blackrock's Bitcoin ETF. This investment positions Avenir Group as a significant institutional player in the cryptocurrency market. Notably, in the second quarter of 2024, Avenir Group became the largest institutional holder of two major Bitcoin ETFs in Asia.

Peter Schiff, a well-known Bitcoin critic, has sharply criticized GameStop's decision to invest its cash reserves into Bitcoin.

GameStop's board-approved investment policy allows select members to oversee securities which could potentially pave the way for crypto allocations.

Bitcoin's SOPR indicator presented the second alert to sell as BTC.D signals reversal.

Bitcoin traders have faced recent roadblocks on their path to reclaiming a $100k price. This has left crypto bulls in panic as activity in the spot market surges amid a stretched downtrend.