Wiederholte Bitcoin-Transfers an zentrale Börsen lassen vermuten, dass die deutsche Regierung die verbleibenden 1,3 Milliarden US-Dollar in BTC ebenfalls verkaufen will.
Blackrock’s BUIDL Fund Surpasses $500 Million
- Blackrock’s tokenised US TReasury fund, BUIDL, surpassed a market value of $500 million.
- The overall market of tokenized US Treasury products has risen to $1.8 billion, signalling growth in the RWA space.
Blackrock’s tokenised fund, the BlackRock USD Institutional Digital Liquidity Fund, has seen significant growth within the first four months of its launch as its market value surpassed $500 million, making it the first tokenized US Treasury product to achieve such a milestone.
This development comes on the back of growth in tokenised funds across the board as the overall market for tokenised US Treasuries stands at $1.8 billion. At a $500 million value, Blackrock controls 27% of that market and much of this dominance is on the backs of other protocols, like Ondo, that use BUIDL to back their yield-bearing products.
RWA keeps growing
According to data provider, rwa.xyz, the on-chain Treasuries market has doubled in size to $1.8 billion this year as institutional investors seek US Treasuries as low-risk investments.
However, the most popular RWA asset remains tokenised private credit with $12 billion in total loans originated by all protocols, with the lion’s share originating from protocols like Figure ($8.3 billion), Maple ($1.9 billion), and TrueFi ($1.7 billion)
Much of the RWA market still resides on the Ethereum network.
Blackrock is in good company
Blackrock isn’t the only firm with a tokenised fund. Franklin Templeton, a US-based asset manager, offers a tokenised US Treasury fund with a market value of around $400 million. Hashnote also runs a fund with a $118.86 million market value. Other protocols include Ondo, Maple, TrueFi, Superstate, and Open Eden, all of which have recorded significant growth this year.
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Bitcoin retreats as German government selling intensifies
- Bitcoin (BTC) price fell to under $56,000 as the German government sold more BTC
- On-chain data shows Germany sent more than 16,000 BTC to exchanges on Monday – the largest transfers in a single day.
Bitcoin price fell below $56,000 again on Monday, dropping by about 2% at the time of writing as Germany took its BTC selling spree to a new level.
Per on-chain data tracking the Bitcoin held by the German government, Monday saw more than 16,000 BTC sent to crypto exchanges – the largest such dump by the government-controlled wallet in a single day.
The selling intensified amid transfers of 2,700 BTC, 5,200 BTC and 8,100 BTC in quick succession over a two hour period.
“The German Government sent another 5200 BTC ($297.3M) to Kraken, Bitstamp, Coinbase and 139Po right after we posted this tweet. That makes this the biggest day for them so far – over 16,000 BTC in total,” the Arkham team posted on X.
Bitcoin price dips amid sell-off
Bitcoin reaction to the selling, which has persisted over the last few weeks, saw Bitcoin price dip from intraday highs of $57,877 to around $55,130.
Germany seized 50,000 bitcoin from Movie2k earlier this year. Over the last few days, it has accelerated its selling to see the total holdings reduce rapidly to 23,787 BTC at the time of writing. The bitcoin’s value reached over $3.6 billion when BTC price skyrocketed to it’s all-time high in March.
However, with more than half sold and BTC price hovering around $55.8k, the total value of the BTC has dropped to $1.34 billion.
Bitcoin price has declined more than 10% in the past week.
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Deutsche Regierung transferiert weitere 3.000 BTC
Deutschland verkauft weiterhin die beschlagnahmten Bitcoin und steigert gemeinsam mit Mt. Gox damit den Verkaufsdruck auf dem Markt.
Metaplanet loads more bitcoins with 42,466 BTC purchase
- Metaplanet, a Japanese firm, increases Bitcoin holdings with $2.5M purchase.
- Metaplanet now holds 203,734 BTC, acquired at $62,000 per Bitcoin on average.
- This latest acquisition brings Metaplanet’s total Bitcoin holdings to an impressive 203,734 BTC.
In a bold move amidst fluctuating cryptocurrency markets, Metaplanet, a publicly-listed investment and consulting firm based in Japan, has purchased of 42,466 BTC, equivalent to approximately $2.5 million.
The company disclosed that these bitcoins were acquired at an average price of around 10 million yen per BTC, roughly translating to $62,000 per Bitcoin.
This purchase marks a continuation of Metaplanet’s strategy to diversify its investment portfolio into digital assets despite recent price declines in the cryptocurrency market.
Metaplanet optimistic of Bitcoin’s growth prospects
Founded with a mission to explore innovative investment opportunities, Metaplanet has emerged as a prominent player in the cryptocurrency space. The firm’s strategic investments in Bitcoin reflect its commitment to staying at the forefront of financial technology and digital asset management.
Its decision to ramp up its Bitcoin holdings underscores its confidence in the long-term potential of cryptocurrencies.
Despite the average purchase price being approximately 7% higher than current market rates, the firm remains optimistic about Bitcoin’s future growth prospects.
According to industry analysts, Metaplanet’s acquisition of additional Bitcoin not only strengthens its position in the cryptocurrency market but also signals a growing trend among institutional investors towards digital assets.
Such investments are seen as a hedge against inflation and currency devaluation, particularly in the wake of global economic uncertainties.
Looking ahead, Metaplanet’s continued expansion into Bitcoin and other digital assets could pave the way for more institutional involvement in the cryptocurrency market.
With a strategic focus on long-term value creation, the firm’s investment decisions reflect confidence in Bitcoin’s ability to thrive amidst market fluctuations and regulatory developments.
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