Jeff Bezos’s artificial intelligence venture, Project Prometheus, is close to closing a $10 billion funding round that would value the startup at $38 billion, the Financial Times reported Monday. JPMorgan and BlackRock are said to be among the investors in the round, which had not yet been finalised. Bezos, who is among the company’s initial […]
The post Bitcoin: How BTC’s $80K stayed intact despite $268M ETF outflows appeared on BitcoinEthereumNews.com.
The Spot Bitcoin [BTC] Exchange Traded Funds (ETFs) had a great start to the month of May. On the 1st of May, BTC ETFs recorded inflows worth $629.8 million, wherein BlackRock’s IBIT recorded inflows worth $284.4 million. Following the trail was Fidelity’s FBTC, which recorded inflows worth $213.4 million. Interestingly, while many asset managers saw zero flows, Morgan Stanley’s MSBT, which is fairly new to the game, recorded inflows worth $4.5 million. Going forward, almost similar patterns were seen on the 4th and 5th of May. Bitcoin ETFs flipped from inflows to outflows On the 6th of May, ETF inflows fell as cumulative inflows reached $46.2 million, driven by IBIT’s $134.6 million. However, heavy outflows from FBTC, Bitwise’s BITB, Franklin Templeton’s EZBC, and Grayscale’s GBTC offset most of the gains, leaving net inflows minimal. Source: Farside Investors The actual pl
JPMorgan AI spending has been reclassified from discretionary innovation to core infrastructure, placing it alongside data centers and cybersecurity in the bank’s budget. JPMorgan has reclassified JPMorgan AI investment as core infrastructure, treating its $2bn annual budget as non-negotiable as…
Voice AI company ElevenLabs has disclosed the full investor lineup for its $500 million Series D, originally announced in February at an $11 billion valuation. New backers span institutional giants BlackRock, Wellington, and D.E. Shaw; corporate strategics including Nvidia, Salesforce Ventures, and Deutsche Telekom; and celebrities Jamie Foxx, Eva Longoria, and Squid Game creator Hwang […]
