Telegram Successfully Raises $330M via Bond Offering Last Week with Its IPO in Pipeline
Telegram conducted an oversubscribed bond offering as investors forecast the company’s inevitable profitability from its 900 million monthly active users.
Telegram conducted an oversubscribed bond offering as investors forecast the company’s inevitable profitability from its 900 million monthly active users.
BlackRock’s iShares Bitcoin Trust (IBIT) set a new record in daily traded shares of about 100 million on Thursday and a record daily inflow of $849M on Tuesday.
Senators urged the commission to reassess the approval of additional cryptocurrency ETFs, citing potential risks for retail investors.
VanEck stated that Ethereum is a cash producing asset and thus its spot ETF could be more or equally successful to the Bitcoin ETFs.
In addition to the rise of Bitcoin ETFs, the broader cryptocurrency market has seen record inflows, with a CoinShares report indicating that crypto saw inflows of $2.7 billion last week.
JPM Securities emphasized that flows are most likely to increase significantly as ETF approval marks the start of a longer process of capital allocation.
In contrast to Coinbase’s expansionary endeavors, Cathie Wood’s Ark Invest has been engaging in a selling spree, offloading another $27 million worth of COIN shares.
As the second largest Bitcoin ETF, BlackRock’s IBIT closes the gap on Grayscale’s GBTC.
This strategic pivot by Patient Capital Management indicates a broader investment approach, now including all exchange-traded products (ETPs), moving away from its previous exclusive focus on the Grayscale fund.
Fortunately for VanEck, its decision to crash management fees to 0% until next year attracted record inflow for the company.
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