Key takeaways
- BlackRock’s Bitcoin and Ether ETFs have over $21 billion in assets under management, surpassing longtime leader Grayscale.
- Bitcoin Dogs is set to list on three major exchanges on Wednesday after raising over $13 million during its presale.
BlackRock becomes the king of crypto ETFs
BlackRock, the largest asset management firm in the world, has also become the leader in the digital assets space. According to blockchain intelligence firm Arkham, BlackRock’s digital asset exchange-traded funds have surpassed those offered by Grayscale in terms of total assets under management.
The firm’s IBIT (spot Bitcoin) and ETHA (spot Ethereum) now have $21.6 billion in assets under management, surpassing the $21.3 billion held by Grayscale’s four funds: GBTC, BTC Mini, ETHE, and ETH mini.
This comes as Grayscale’s GBTC has mostly recorded outflows since January, while BlackRock’s IBIT has attracted inflows from investors.
What is Bitcoin Dogs?
BlackRock’s growing popularity in the digital assets space indicates that more institutional investors are taking up positions in the ecosystem and are looking at new projects to back.
Bitcoin Dogs is one of the promising projects currently in its early stages. The project seeks to leverage the growth of the Bitcoin blockchain in recent years. It will provide utility to users and is the first BRC-20 token ICO on the Bitcoin network.
The team explained that Bitcoin Dogs would ensure that investors enjoy exciting value propositions as they combine the basic features of cryptocurrency, non-fungible tokens (NFTs), decentralised finance (DeFi), and Web3 culture.
The presale was concluded a few weeks ago, with more than $13 million raised during the process. The team is now focusing on listing the tokens on exchanges while rolling out their products.
One of Bitcoin Dogs’ primary products is the launch of the biggest NFT mint on the Bitcoin network. The developers want the Bitcoin network to compete with other leading smart contracts blockchains like Ethereum, Solana, and BNBChain.
Bitcoin Dogs prepares to list on three major crypto exchanges
The Bitcoin Dogs presale was concluded a few weeks ago, and the project raised nearly $13.5 million. According to the information on its website, only 900 million $0DOG tokens were minted.
Investors would be granted access to an exclusive NFT…