Texas shifts Strategic Bitcoin Reserve from ETF to direct custody

Bitcoin held near $73,000 but risks crashing lower as risks linger. Spot Bitcoin ETFs saw net outflows of $229 million for a nine-day negative streak. On-chain metrics show whale balances flat for months, signaling reduced accumulation. Bitcoin traded near $73,200 on Thursday after failing to sustain a rebound amid broader cryptocurrency selling. While BTC struggled, […] The post Bitcoin price outlook amid 9-day streak of ETF outflows appeared first on CoinJournal.

This week saw the crypto market shed over $100 million of its total capitalization as macro risks and ETF outflows took their toll.

Texas' strategic Bitcoin reserve expansion could influence other states to consider digital assets, potentially reshaping public investment strategies. The post Texas expands Bitcoin acquisitions for strategic reserve appeared first on Crypto Briefing.

Texas is hiring a crypto custodian to move its $10 million Strategic Bitcoin Reserve from BlackRock’s IBIT ETF into directly held coins and build full state‑level BTC plumbing.

Vaneck has officially launched the first spot BNB exchange-traded fund (ETF) in the United States, granting standard brokerage accounts direct exposure to the Binance ecosystem. Institutional Capital Flows Toward Binance’s Native Asset Global asset manager Vaneck has officially launched the Vaneck BNB ETF, trading under the ticker VBNB on the Nasdaq. As of Thursday, standard […]

Texas is seeking a custodian to move its $10M Bitcoin reserve from BlackRock’s IBIT ETF into direct BTC holdings within 60 days.

Investors selling across spot, futures and ETF markets pushed Bitcoin into its monthly range lows near $72,000 but data shows retail investors buying the dip and opening longs.

Readers discuss Senator John Cornyn’s loss to Ken Paxton in Tuesday’s Republican primary. Also: Investigating E. Jean Carroll; Mets and Knicks; religion and A.I.