Crypto derivatives exchange Deribit has experienced a record-setting expiry event on June 27, with over $15 billion in Bitcoin options clearing. This marked the largest quarterly expiry of the year, as Bitcoin options open interest exceeded $40 billion on the platform. As a result, Bitcoin maintained steady levels near $106,800, while Ethereum showed signs of
The post $15B Bitcoin Options Expire on Deribit in 2025’s Largest Quarterly Expiry appeared first on CoinGape.
]]>Fineqia Reports Quarterly Revenue Growth, Driven by Cardano ETN Performance The Joplin Globe
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Fineqia Reports Quarterly Revenue Growth, Driven by Cardano ETN Performance | FNQQF Stock News GuruFocus
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Shiba Inu Price Prediction 2025-2026: Quarterly Analysis TronWeekly
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Dogecoin Quarterly Wallet Growth Outpaces Long-Standing Competitors Ripple’s XRP and Cardano (ADA) ZyCrypto
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In what comes as an unprecedented disclosure, BNY Mellon (Bank of New York), one of the oldest banks in America, recently revealed that the firm owns substantial investments in Bitcoin ETFs (exchange-traded-funds), according to the company’s quarterly filings. This has ignited a buzz across the global cryptocurrency landscape, particularly among institutional investors, marking a notable stride in traditional financial industries’ adoption of cryptocurrencies. Let’s take a closer look at BNY’s investment into BTC ETFs which ignited a sense of frenzy nationwide
BNY Mellon Discloses BTC ETF Investments in 13F Filings
BNY Mellon’s latest Form 13F filings with the Securities and Exchange Commission has reverberated throughout the global crypto community. The bank’s investments in BlackRock and Grayscale Bitcoin ETFs are not just a mere local development, but a global sign of the increasing acceptance and adoption of cryptocurrencies within the traditional financial landscape.
Notably, Form 13F by the U.S. SEC requires a quarterly report to be filed by all institutional investment managers with at least $100 million in assets under management. Aligning with this, BNY reported that it had assets worth $2.02 trillion under its management (AUM), per Q1 2024 data, with the BTC ETFs included. Whereas, the entity also held $48.8 trillion in assets under custody or administration.
This underscored the burgeoning institutional interest in the much-recently revealed Bitcoin ETFs following the U.S. SEC’s approval. Meanwhile, BNY Mellon revealed that the two ETFs it holds are the industry’s two largest Bitcoin ETF products, GBTC (Grayscale Bitcoin Trust ETF) & BlackRock’s Bitcoin ETF (IBIT).
Also Read: Solana Meme Coin Maneki Rallies On Major Listing
GBTC & IBIT Market Data
Intriguingly, amidst the buzz curated with the abovementioned chronicle, GBTC recorded substantial outflows, whereas IBIT witnessed the second day of zero inflows, garnering considerable attention. Per a report by CoinGape Media today, the Grayscale Bitcoin ETF recorded a whopping $140 million in outflows.
In the interim, with BlackRock’s IBIT ETF witnessing 0 inflows for the second consecutive day, dwindling capital inflow in the asset has sparked concerns. Nonetheless, BNY’s filings underscore an increased adoption of cryptos among traditional finance players.
Also Read: 4 Most Profiting Meme Coins In Today’s Slow Market
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Grayscale drops Cardano and Cosmos from its crypto funds in quarterly rebalancing CryptoSlate
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Prominent crypto asset management firm Grayscale has removed two high-profile digital assets, Cardano and Cosmos, from its multi-asset funds as part of its quarterly fund rebalancing.
In an April 4 press statement, the firm revealed that it removed Cardano from its Grayscale Digital Large Cap Fund (GDLC) and Cosmos’s ATOM token from the Grayscale Smart Contract Platform Ex-Ethereum Fund (GSCPxE).
Why Grayscale removed Cardano and Cosmos
According to the firm, the changes were prompted by CoinDesk’s recent rebalancing of its industry sector indices. Grayscale further explained that the components and weightings of each asset are determined according to each index’s methodology and are subject to change without notice.
Consequently, the Cardano held in GDLC was sold off, with the proceeds reinvested in other fund components based on their weightings. The fund’s current weightings include over 70% Bitcoin, 21.84% Ethereum, 4.52% Solana, and less than 3% in XRP and Avalanche.
Similarly, Cosmos was divested from GSCPxE, and the proceeds were utilized to acquire other fund components in proportion. As such, the fund has shifted in its weightings, now encompassing 58.4% of Solana, 14.56% Cardano, 12.25% Avalanche, 8.53% Polkadot, and 6.25% Polygon.
Meanwhile, no new tokens were added or removed from the DeFi Fund, which consists of 48% of Uniswap, 20.41% of MakerDAO, and 13.17% of liquid staking protocol Lido. The lending platform Aave holds 9.99% of the funds, and Synthetix holds 7.69%.
ADA, ATOM declines
ADA and ATOM have faced notable declines during the past day, corresponding with the broader crypto market struggles during the reporting period.
According to CryptoSlate’s data, the top two digital assets, Bitcoin and Ethereum, recorded losses of 0.61% and 3.66%, respectively.
Similarly, Cardano’s ADA and Cosmos’s ATOM fell by approximately 4% to $0.56 and $10.7, respectively, continuing a downward trend that has seen them shed double-digits during the past month.
Meanwhile, other large-cap assets like Solana and Avalanche’s AVAX saw bigger losses, plunging by more than 5% during the reporting period.
The post Grayscale drops Cardano and Cosmos from its crypto funds in quarterly rebalancing appeared first on CryptoSlate.
]]>Cardano Founder Shares Reason Behind Impressive Quarterly Performance U.Today
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- CleanSpark narrowed its loss in its fiscal third quarter.
- The bitcoin mining company had a blockbuster July.
- CleanSpark shares are up over 150% YTD at writing.
Bitcoin miner CleanSpark Inc is trading slightly up in extended hours after reporting a narrower-than-expected loss for its fiscal third quarter.
CleanSpark Q3 financial highlights
Lost $14.2 million versus the year-ago $29.3 million
Per-share loss also narrowed from 40 cents to 12 cents
Revenue jumped 47% year-on-year to $45.5 million
Consensus was 17 cents loss on $45.7 million revenue
Ended the quarter with $125 million of cash and bitcoin
The bitcoin mining company now has assets worth more than liabilities on its balance sheet. Gary Vecchiarelli – the Chief Financial Officer of CleanSpark said today in the press release:
I like the flexibility of our balance sheet and our operational performance. We have all pieces in place to extend our strong track record of growth and operational excellence.
CleanSpark had a blockbuster July
CleanSpark had its Georgia location go live in July that added more than 15,000 miners and 50 megawatts of power, as per the press release.
The Nasdaq-listed firm trailed only Marathon Digital and Core Scientific in terms of the number of bitcoin mined last month. According to its CEO Zach Bradford:
We have fully funded our growth to 16 EH/s, including miners, facilities, and other infrastructure. We continue to build on our track record of executing on commitments.
The hash rate improved to 9 EH/s in its recently concluded quarter. At writing, shares of CleanSpark Inc are up more than 150% versus the start of 2023. Its peer Marathon Digital also reports its quarterly update earlier this week (read more).
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