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BlackRock has launched its first Canadian Bitcoin ETF, trading under the IBIT ticker in both Canadian and U.S. dollars, aimed at simplifying crypto exposure for investors. The fund, which invests primarily in the iShares Bitcoin Trust ETF in the U.S., allows for tax-advantaged holdings through traditional brokerage platforms, addressing custody concerns. Despite record-high outflows of $333 million attributed to profit-taking, the ETF has seen significant growth, reflecting a strong institutional appetite for regulated crypto investments.
Bitcoin and Ethereum ETFs attracted $1.1 billion in inflows on Monday, marking a strong start to 2025 after a rocky beginning. The Fidelity Wise Origin Bitcoin Fund led the charge with $370 million, while Bitcoin's price dipped to just under $97,000 following a 5% drop. Despite this, the overall momentum for crypto ETFs remains positive as investors anticipate a pro-crypto regulatory environment under President-elect Donald Trump.
Dogecoin has surged nearly 11% to $0.375, marking its highest price since December 18, driven by market momentum and support from notable figures. Meanwhile, Fartcoin has reached an all-time high of $1.53, fueled by AI-related hype, as the crypto market sees a renewed interest in meme coins and AI agent tokens. Bitcoin ETF outflows hit a record $333 million, attributed to profit-taking as investors reassess their portfolios at the start of 2025.
SatLayer has integrated with the Sui blockchain, enabling developers to utilize Bitcoin's significant market presence in decentralized finance applications. This collaboration aims to enhance the tools available for building secure decentralized applications, leveraging Sui's speed and scalability alongside Bitcoin's security.In related news, the Babylon Chain has surpassed $3.6 billion in Bitcoin deposits, reflecting a growing interest in restaking platforms. With significant backing and partnerships, both SatLayer and Babylon are positioning themselves as key players in the evolving DeFi landscape.
Adrian Zmudzinski
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
BlackRock launches Bitcoin ETF in Canada with dual-currency trading options
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