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Meta’s Bitcoin rejection means Big Tech is still skeptical

The case for holding Bitcoin on a firm’s balance sheet is compelling, CoinShares’ Butterfill told , and “the pace of adoption is accelerating.” Strategy became the first publicly traded company to adopt Bitcoin as its primary treasury reserve asset in August 2020, but not many major tech firms have followed since. Treasury reserves, sometimes called […]

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Bitcoin ETFs record combined $1.2B in outflows in 8 days

Despite the outflows, crypto ETFs outshined the over 400 new ETFs in 2024, with the four biggest launches being spot Bitcoin ETFs. The 11 United States-based spot Bitcoin exchange-traded funds (ETFs) have had combined net outflows of $1.2 billion in eight days. On Sept. 9, Bloomberg data showed investors withdrew around $1.2 billion from the […]