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How will Flowdesk use the $50 million investment?

Flowdesk plans to use the $50 million investment to consolidate its position as a leading market-making service provider, expand its OTC offering, expand regulatory coverage in Singapore and the US, open offices in financial hubs, and make key hires. The company will also invest in developing its Market Making as a Service (MMaaS) product, which […]

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Why are the newly launched Bitcoin ETFs attracting so much capital?

There are several reasons why the newly launched Bitcoin ETFs are attracting so much capital, including: What is the impact of the new ETFs on Grayscale Bitcoin Trust (GBTC)? The launch of the new Bitcoin ETFs has had a significant impact on GBTC. GBTC is a closed-end fund that tracks the price of Bitcoin. It […]

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Cryptocurrency

What is the significance of BlackRock’s spot Bitcoin ETF reaching $1 billion in assets under management?

BlackRock’s spot Bitcoin ETF reaching $1 billion in assets under management is a significant milestone for several reasons. First, it demonstrates the growing institutional interest in Bitcoin. BlackRock is the world’s largest asset manager, with over $10 trillion in assets under management. Their approval of a spot Bitcoin ETF signals to other institutional investors that […]