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Grayscale stirred speculation by transferring 4,000 bitcoins, while Blackrock CEO Larry Fink endorsed bitcoin as βdigital gold,β surpassing government influence. In regulatory news, Rippleβs XRP was removed from Hong Kong Virtual Asset Consortiumβs top crypto index. Meanwhile, Elon Musk reaffirmed his commitment to Dogecoin, along with revealing that his company Spacex holds a substantial amount of bitcoin.
Grayscaleβs 4,000 Bitcoin Transfer Worth $175M Stirs Speculation
Recent blockchain analytics reveal that 4,000 bitcoins, valued at approximately $175 million, have been transferred from addresses believed to be controlled by Grayscaleβs Bitcoin Trust, commonly referred to as GBTC.
Blackrock CEO Larry Fink on Bitcoin: Iβm a Big Believer
Larry Fink, the CEO of Blackrock, the worldβs largest asset manager, says he has become βa big believerβ in bitcoin, emphasizing that it is βbigger than any government.β Calling the cryptocurrency βdigital gold,β the executive stressed: βUnlike gold, where we manufacture new gold, weβre almost at the ceiling of the most of the amount of bitcoin that could be created.β
Rippleβs XRP Ousted From Hong Kong Top Crypto Index
As Hong Kong strengthens its crypto regulatory framework and embraces ETFs, the Hong Kong Virtual Asset Consortium (HKVAC) has updated its top crypto indexes, showing a preference for tokens with market performance and growing industry partnerships.
Elon Musk Still Owns Dogecoin β Spacex Owns Bitcoin
Tesla CEO and Spacex chief Elon Musk has revealed that he still owns βa bunch of dogecoin,β affirming his commitment to keep buying and supporting the meme cryptocurrency. Musk additionally revealed that his company Spacex still owns βa bunch of bitcoin.β
Do you think the bulk of GBTC bitcoin reallocation is done, or is there more selling into other spot bitcoin ETFs to come? Share your thoughts and opinions about this subject in the comments section below.
