Bloomberg ETF analyst Eric Balchunas highlighted that IBIT, the Bitcoin spot ETF launched by BlackRock, may be about to record its first day of outflows, after marking 54 consecutive days of inflows since its launch. This and more news in this practical summary daily so that you are always informed with events most recent that occur within the crypto world.
BlackRock ETF records 54 consecutive days of inflows
📍As the analyst explained, BlackRock's Bitcoin exchange-traded fund is showing signs of exhaustion, so it could register its first day of exit. Market investor sentiment appears to have changed, with several of the cryptocurrency's spot ETFs recording outflows in the last day.
The data from the SoSo Value platform show that the spot ETFs GBTC, from Grayscale Investments, and ARKB, from Ark Invest and 21Shares, recorded outflows on Monday in the order of $81 million and $87 million, respectively. On the other hand, the data reveals that the BlackRock, Fidelity and Bitwise ETFs recorded fairly moderate inflows, ranging between $4 million and $44 million, amid the slowdown in market activity.
At the time of writing this article, the bitcoin price has corrected 5%, trading above $65.000 per BTC. Because of this, the Bloomberg ETF analyst points out that the cryptocurrency is struggling to maintain the bullish streak, even though its performance continues to be higher than that of gold since the ETFs were listed. However, due to market conditions, the analyst predicts that BlackRock's exchange-traded fund, which until now has attracted significant investor interest, could be about to record its first day of outflows.
So far, this Bitcoin ETF has maintained an impeccable track record of consecutive entries since it began trading on the market, a day after it was approved by the SEC.
Uniswap is deployed on the Blast network
📍Ethereum's second-layer chain Blast has welcomed the crypto industry's largest DEX by trading volume. Uniswap developers announced that the decentralized exchange protocol, currently the most used in the crypto industry, has been successfully deployed on Blast, an Ethereum-secured Layer2 network, which is focused on performance and scalability.
The deployment of Uniswap on Blast took place on April 2 without a hitch, the protocol developers reported. With this deployment, DEX users can now access Blast network liquidity and yield opportunities with the native tokens of this blockchain.
However, for now, users can only trade Uniswap on Blast through the DEX’s web app.
Cryptocurrency companies must register in Argentina
📍In line with FATF requirements, the National Securities Commission (CNV) of Argentina has announced mandatory registration for companies in the cryptocurrency industry. According to the agency, people and companies that provide services with cryptocurrencies and digital assets in the country must register in the Registry of Virtual Asset Service Providers (PSAV), which seeks to identify and supervise commercial activity with cryptoassets within the country. .
El record, of a mandatory nature, was created following the guidelines and recommendations of the Financial Action Task Force (FATF) to mitigate the risks of money laundering and illicit activities.
The CNV reported that companies that provide cryptocurrency services and do not comply with the announced registration will not be able to operate in the country. This regulatory measure has generated a great debate and diverse opinions in the crypto community, due to the possible implications it may have on user privacy.
Venture capitalists target cryptocurrencies
📍According to data from the RootData platform, cryptocurrency projects raised more than $1.000 billion in the United States. The data revealed by the platform highlights that venture capital investment in projects related to the world of cryptocurrencies increased by 52% in the month of March, this in relation to the capital raised during the month of February.
In total, cryptocurrency projects attracted $1.160 billion, with the main beneficiaries being those related to decentralized finance (DeFi) and blockchain infrastructure.
Continue reading: How many bitcoins will be produced per day after the arrival of the 4th halving?
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