Wall Street's Next Tokenization Test: BlackRock-Backed Securitize's Market Debut
Securitize expects to begin trading next week under the ticker symbol “SECZ,” following the completion of a merger with a blank-check firm.
Bitcoin News·
Crypto ETF flows deteriorated sharply on Thursday, June 25, as bitcoin ETFs posted a sixth straight day of outflows, with redemptions reaching $696 million. Ether funds also saw heavy exits, while HYPE and solana ETFs joined the selloff. HYPE ETFs Turn Negative After Weeks of Inflows as Crypto Selloff Widens The pressure that had been […]
Read full articleSecuritize expects to begin trading next week under the ticker symbol “SECZ,” following the completion of a merger with a blank-check firm.
Securitize, the tokenization platform behind BlackRock's BUIDL fund, is set to begin trading on the NYSE on July 2 under the ticker SECZ after a SPAC merger with Cantor Equity Partners II that raised over $400 million, including an oversubscribed $225M PIPE.
Institutional crypto adoption is solidifying, with ETF-related transfers indicating robust demand and liquidity support for Bitcoin and Ethereum. The post BlackRock deposits 4,577 Bitcoin and 41,996 Ethereum to Coinbase Prime in massive ETF-related transfer appeared first on Crypto Briefing.
US Bitcoin ETFs recorded $696.3 million in outflows as Bitcoin slipped below $60,000, lifting year-to-date losses to $4.6 billion.
The significant outflow from BlackRock's Bitcoin ETF highlights broader market volatility and investor caution, impacting Bitcoin's price dynamics. The post BlackRock’s Bitcoin ETF sheds $265M in single outflow event appeared first on Crypto Briefing.
Crypto exchange-traded fund (ETF) flows weakened sharply on Wednesday, June 24, as bitcoin ETFs posted a fifth straight day of outflows with a $469.08 million exit, the largest since June 2. Ether ETFs also remained negative, while XRP was the only category to draw fresh capital. Blackrock’s IBIT Tops $593 Million in 3-Day Outflows as […]
Mike McCluskey argues that bitcoin’s slide is due to its high-beta relationship with tech equities rather than broken crypto-native fundamentals. The Seoul-to-Nasdaq Contagion On Tuesday, June 23, the South Korean index, Kospi, plunged by more than 8%, triggering a Level 1 circuit breaker. The sharp drop was attributed to a severe global semiconductor stock correction, […]
The undersubscription of BlackRock's tender offer suggests investor confidence or acceptance of long-term commitment, impacting liquidity dynamics. The post BlackRock Private Investments Fund’s tender offer comes up short on seller interest appeared first on Crypto Briefing.