Urgent Crypto News Today: Bitcoin, BlackRock ETF Streak, and Galaxy Digital’s Nasdaq Push
Looking for the latest updates in the digital asset world? Get your daily dose of crypto news today, covering major movements in Bitcoin, institutional finance, and regulatory milestones. Here’s a quick rundown of the top stories making waves.
Robert Kiyosaki Advocates for Bitcoin Over ‘Fake Money’
Best-selling author of ‘Rich Dad Poor Dad’, Robert Kiyosaki, continues to voice strong opinions against traditional financial systems. He recently urged his followers to abandon what he terms ‘fake money’ and instead embrace assets like Robert Kiyosaki Bitcoin, gold, and silver.
- Kiyosaki quoted former US Congressman Ron Paul, a known critic of the Federal Reserve.
- Paul likened central bank interest rate setting to ‘price fixing’, a form of economic control.
- Kiyosaki argues ‘fake money’ leads to widespread corruption and dishonesty.
- His call to action encourages individuals to opt out of fiat systems in favor of decentralized stores of value like Bitcoin and precious metals.
BlackRock Bitcoin ETF Sets New Inflow Record
BlackRock’s spot Bitcoin ETF, IBIT, is demonstrating strong institutional interest. The fund recently posted $356.2 million in inflows on a single day, extending its inflow streak to 19 consecutive days. This is the longest inflow run for IBIT this year.
The significant inflows into the BlackRock Bitcoin ETF have occurred during a period of notable Bitcoin price volatility. While Bitcoin traded in a wide range, market sentiment improved as the asset reclaimed key price levels.
Over the past trading week alone, IBIT recorded over $1 billion in inflows. This consistent performance highlights growing demand for regulated Bitcoin investment products among traditional investors.
Galaxy Digital Cleared for Nasdaq Listing
Crypto investment firm Galaxy Digital has received approval from the US SEC to redomicile in the United States. This critical step paves the way for the company’s planned listing on the Nasdaq stock exchange.
The company anticipates listing on the tech-focused exchange by mid-May, subject to approval from the Toronto Stock Exchange (where it is currently listed) and shareholder approval. Shareholders need to greenlight the move to redomicile Galaxy Digital in Delaware.
Once all necessary approvals are secured, Galaxy Digital Nasdaq listing will proceed under the ticker symbol GLXY. This move is part of a broader trend seeing crypto firms integrating further with traditional financial markets as digital assets gain wider acceptance.
Summary: What These Developments Mean
Today’s top Bitcoin news stories paint a picture of increasing institutional acceptance and ongoing debate about the future of money. Robert Kiyosaki’s advocacy for Bitcoin and precious metals reflects a distrust in centralized finance, resonating with those seeking alternative stores of value. Simultaneously, the consistent inflows into BlackRock’s Bitcoin ETF underscore the growing demand from traditional finance for regulated access to Bitcoin. Finally, Galaxy Digital’s progress towards a Nasdaq listing signifies the continued maturation of the crypto industry and its integration into mainstream capital markets. These events collectively highlight the dynamic nature of the crypto landscape and its evolving relationship with the global financial system.
