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BlackRock IBIT is Most Popular BTC Spot ETF on Robinhood.

BlackRock IBIT blockchain btc etf Robinhood cathie wood ark (SpotedCrypto)

The BlackRock Bitcoin Spot ETF (IBIT) is the most popular fund among the 11 BTC spot ETFs available on the crypto trading app Robinhood, according to The Block. Steve Quirk, chief brokerage officer at Robinhood, said: "Clients are looking for the most cost-effective products to add to their portfolios. Grayscale's GBTC is currently experiencing outflows due to high fees, while other products are seeing inflows. We've seen 33% of our clients sell some of their holdings to buy BTC Spot ETFs. Grayscale, BlackRock and Fidelity products account for more than 90% of all BTC spot ETF trading volume.

Meanwhile, Ark Investments CEO Cathy Wood recently told Brazilian media outlet Infomoney that she believes bitcoin will play the same role as "gold" in the future. "Bitcoin is going to be an alternative to traditional currencies. It could play an important role in emerging markets, especially as a hedge against unstable monetary and fiscal policies. The day when the bitcoin price reaches $1 million is not far off."

Binance WBTC plunges to $5200, then recovers

Cointelegraph reports, “A flash crash in the price of WBTC occurred on Binance on Nov. 23 (local time). This caused WBTC to briefly drop from $98,000 to $5,200, but has since recovered. The cause of the error is still unknown.

blockchain crypto cryptocurrency Trump nominates Crypto Proponent Secretary (SpotedCrypto)

Trump nominates 'Crypto Proponent' Howard Lutnick as Commerce Secretary, while US SEC chairman struggles to narrow down candidates to four.

US President-elect Donald Trump has nominated US investment bank Cantor Fitzgerald CEO Howard Lutnick to serve as Secretary of Commerce, according to the Wall Street Journal (WSJ). Lutnick is an avid supporter of Bitcoin and Tether (USDT), with Cantor Fitzgerald reportedly serving as Tether's U.S. Treasury bond

blockchain crypto cryptocurrency IBIT Option hit 1.9B first day od trading (SpotedCrypto)

BlackRock IBIT Options Hit $1.9 Billion in First Day of Trading, Grayscale Begins Trading on November 20th.

Bloomberg ETFs analyst James Seyffart reports via X that “Options volume on BlackRock's bitcoin spot ETF IBIT, which began trading today (Nov. 19), was about $1.9 billion. A total of 35.4 million contracts were active, of which 28.9 million were calls (82%) and 65,000

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