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BlackRock’s Bitcoin ETF becomes fastest-growing in history with $30B milestone

BlackRock's Bitcoin ETF is on course to accumulate 500,000 Bitcoin before the end of the year.

CryptoSlate

Oct 31

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Happy Thursday!

In today’s CryptoSlate newsletter, we cover the latest news in the crypto world. BlackRock's Bitcoin ETF has made headlines by becoming the fastest-growing fund ever, reaching an impressive $30 billion and aiming to gather 500,000 Bitcoin by the end of the year. In other news, Stephen Mollah's claim to be Satoshi Nakamoto didn't convince anyone in London, especially with fraud charges hanging over him. The US Treasury is also weighing in, saying that tokenization and stablecoins could change the financial landscape but cautioning that careful consideration is needed as they look into new ideas like tokenized treasuries. Stay tuned for more updates!

LATEST SLATECAST 🎙️ Sunny Aggarwal’s vision for seamless cross-chain trading with Polaris

The global crypto market cap is $2.32 trillion, with a 24-hour volume of $82.69 billion. The price of Bitcoin is $70,504.00, and BTC market dominance is 60.0%. The price of Ethereum is $2,562.17, and ETH market dominance is 13.2%. The best-performing sector is Bitcoin Ecosystem, which gained 6%. The Crypto Fear & Greed Index is currently Greed (77).