Fidelity and Morgan Stanley’s Bitcoin ETFs also saw a combined $68.2 million in inflows, while four other Bitcoin ETFs also tallied inflows on Thursday. Investors piled $269.3 million into BlackRock’s iShares Bitcoin Trust on Thursday, in its best-performing day since early March, around the time the US-Iran war started to kick into high gear. The inflows helped to end two days of net outflows among the 12 US spot Bitcoin ETFs, which recorded a net inflow of $358.1 million. Bitcoin ETF inflows are just one way to gauge retail and institutional demand for Bitcoin. Read more
Bitcoin miner Cango said it sold 2,000 BTC to pay off debt and cut its BTC production cost by 19% as part of its strategic pivot to energy and AI infrastructure. Bitcoin mining company Cango said on Wednesday it slashed its Bitcoin production cost to $68,215 per coin, a 19.3% cost reduction compared to the average cash cost of $84,552 per coin reported in the fourth quarter of 2025. The company attributed the reduction to its shift toward a “lean-production model” that prioritizes margin resilience over raw scale, according to its monthly operational report. Cango said the production cost reduction will help the company weather the volatility of Bitcoin prices. The company sold 2,000 Bitcoin (BTC) in March at an average price between $68,000 and $69,000, a spokesperson for Cango told Cointelegraph, netting the company around $137 million. Cango said the proceeds were used to reduce outstanding Bitcoin-backed loans. As of March 31, Cango had $30.6 million in Bitcoin-backed loans outstanding and held 1,025.69 ...
Hong Kong’s first stablecoin licences failed to materialize by the expected end of March target, with the HKMA saying only that it is still advancing the process. Hong Kong has missed an earlier end of March target for awarding its first stablecoin licences, with the Hong Kong Monetary Authority saying only that the licensing process is advancing and decisions will be announced shortly. A spokesperson for the Hong Kong Monetary Authority (HKMA) told Cointelegraph that the HKMA is “actively taking forward the licensing matter and will announce further details in due course,” without offering a revised timetable. The HKMA’s public register still showed no licensed stablecoin issuers at the time of writing. Read more
US spot Bitcoin ETFs ended Q1 in the red, with about $500 million of net outflows despite March inflows, as sentiment remained weak amid geopolitical tensions. US spot Bitcoin exchange-traded funds (ETFs) finished the first quarter of 2026 with net outflows, even after March delivered the category’s first monthly inflows of the year. Spot Bitcoin (BTC) ETFs recorded $1.32 billion in March inflows, the first monthly gain of 2026 and the first since October 2025, according to SoSoValue. The inflows were not enough to offset monthly redemptions of $1.61 billion in January and $207 million in February, resulting in roughly $500 million in net outflows in Q1. Read more
The fourth round of reimbursements to creditors and former clients of the failed crypto exchange since February 2025 brings the total paid to about $10 billion. Update (March 19 at 2:52 pm UTC): This article has been updated to include Sam Bankman-Fried’s transfer to a different federal facility. Additional reporting by Turner Wright. The FTX Recovery Trust, which oversees the distribution of funds to creditors and former customers of the failed crypto exchange, announced on Wednesday that it will distribute $2.2 billion to creditors on March 31, 2026. Read more
The fourth round of reimbursements to creditors and former clients of the failed crypto exchange since February 2025 brings the total paid to about $10 billion. Additional reporting by Turner Wright. The FTX Recovery Trust, which oversees the distribution of funds to creditors and former customers of the failed crypto exchange, announced on Wednesday that it will distribute $2.2 billion to creditors on March 31, 2026. Eligible creditors will receive their funds through their chosen distribution provider within one to three business days, according to an announcement from the Trust. Read more
Bitcoin reacted in kind to calm US macro data, while oil stayed volatile amid uncertainty over the duration of the Middle East conflict. Bitcoin (BTC) circled $70,000 into Thursday’s Wall Street open after US jobs data matched expectations. Key points: Bitcoin shrugs off more US macro data as jobless claims copy flat CPI numbers. Read more
The cost of medical care, apparel, household furnishings, airline fares, and education all rose during the month of February, BLS data shows. The latest rise in the consumer price index (CPI) was “in line with estimates,” and rising inflation has already been priced into the macroeconomic data for the March CPI print, according to market analysts at exchange-traded product (ETP) issuer 21Shares. Shelter rose 0.2% in February, while the food sector of the CPI rose 0.4%, energy increased by 0.6%, and the index for all items, excluding food and energy, rose by 0.2%, according to the US Bureau of Labor Statistics (BLS) February CPI report. Stephen Coltman, head of macro at 21shares, said the upcoming CPI prints place even more pressure on the Federal Open Market Committee (FOMC), the body that decides interest rate policy. He said: Read more
Historical data shows that Bitcoin typically gains 20% within a month of major spikes in oil prices. Should traders prepare for a rally to $79,000? Key takeaways: Oil price spikes often precede 20% spikes in Bitcoin value, though initial market reactions remain volatile and unpredictable. Bitcoin currently mirrors tech stocks with an 81% Nasdaq 100 correlation, making it less sensitive to oil prices. Read more