IBIT Still Crushing It
Yesterday, on a relatively sleepy day in the crypto markets, the iShares Bitcoin Trust ETF (IBIT) pulled in nearly $1 billion. That’s the second largest inflow since the ETF was launched in 2024. The day ultimately ended with $591.2 million in new capital, with heavy outflows from competitors: Fidelity’s FBTC lost $86.9 million, Bitwise’s BITB dropped $21.1 million, and ARK’s ARKB saw $226.3 million.
SoFi is bringing back crypto investing
SoFi $SOFI ( ▲ 5.53% ) CEO Anthony Noto said the fintech bank will bring back crypto investing this year after a “fundamental shift” in the regulatory landscape under the Trump administration. The bank had previously been forced to drop crypto investing in late 2023 as a condition of receiving a bank charter in a time of heightened federal scrutiny of digital assets.
Mastercard Gets Into Stablecoins
Mastercard, serving 1.1 billion users, has announced the launch of a global stablecoin payment system. The company has partnered with OKX and Nuvei to issue the OKX Card, which will link crypto trading with traditional spending. The partnership is part of Mastercard's broader strategy to support stablecoin payments at over 150 million merchants globally.
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