First Mover Americas: Investors Pile Into Bitcoin ETPs Following BlackRock ETF Filing
The latest price moves in crypto markets in context for July 19, 2023.
This article originally appeared in , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context..
Crypto investors have money into bitcoin exchange-traded products at a record pace ever since BlackRock filed for a spot-based ETF on June 15.New data from K33 Research shows the BTC-equivalent exposure of ETPs listed worldwide increased by 25,202 BTC ($757 million) to 196,824 BTC in the four weeks to July 16. That's the second-highest monthly net inflow, surpassed only by inflows seen following the launch of ProShares’ futures-based ETF and other futures-based ETFs in October 2021, according to K33 Research’s Vetle Lunde.
Societe Generale's (GLE) cryptocurrency division, SG Forge, has the first company to receive a license to offer crypto services in France from the country's financial regulator. SG Forge is licensed to provide buying and selling, exchange and custody of digital assets as of July 18, according to the . While dozens of crypto firms, including the world's largest cryptocurrency exchange, , are registered with the AMF, SocGen's crypto division is the first to receive a license.
Messaging platform Telegram issued $270 million in bonds this week to fund its growth until "we reach the break-even point," CEO Pavel Durov Tuesday. The platform is not yet profitable and has rising expenses due to its "massive growth," Durov said. It’s onboarding 2.5 million new users a day and earlier this year hit 800 million monthly active users. "I personally bought about a quarter of the new Telegram bonds, investing tens of millions into Telegram's growth. This comes in addition to the hundreds of millions I spent over the last 10 years to keep Telegram operational," Durov said. The alternative messaging platform has long been a favorite among crypto enthusiasts. That's partly attributable to the company's defunct efforts to launch its own crypto token, GRAM.
- Omkar Godbole
Edited by Sheldon Reback.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum Updates Today: MoonBull’s Unique Ethereum Foundation Distinguishes It in the Competitive Meme Coin Space
- MoonBull ($MOBU) surges in Stage 6 presale with 7,244% ROI potential, leveraging Ethereum's security and deflationary tokenomics. - A structured referral system offers 15% extra tokens and USDC bonuses, driving $600K+ raised and 2,000+ holders. - Unlike meme coins, MoonBull's Ethereum-based model with staking and governance aims for sustainability, contrasting with volatile alternatives like TRUMP and XRP . - Analysts caution about crypto volatility, emphasizing ROI projections depend on market condition
From Pharmaceuticals to Blockchain: Lite Strategy's $100 Million LTC Reserve Disrupts Traditional Finance
- Lite Strategy (LITS) becomes first U.S. publicly traded company to adopt Litecoin as primary reserve asset after $100M private placement. - Partnership with crypto firm GSR and Litecoin creator Charlie Lee on board aims to institutionalize digital treasury management amid volatile markets. - $12.21M working capital and 12.39 current ratio highlight liquidity strength despite 18% YTD stock decline and mixed institutional investor reactions. - Strategic shift from pharmaceuticals to crypto reserves challen
Malaysia’s Broad Trade Approach Counters Trump Tariffs, Fuels 5.2% Economic Expansion
- Malaysia navigated Trump's 2025 tariffs via trade diversification and diplomacy, avoiding panic amid global market shocks. - U.S. reduced tariffs to 19% in October 2025 after Malaysia opened markets, coinciding with 5.2% Q3 GDP growth driven by exports and fiscal discipline. - Strategic trade ties with China, Singapore, and U.S. mitigated protectionist impacts, supported by ASEAN coordination and non-retaliatory policies. - Malaysia's $250M investment in semiconductor design and renewable energy reflects
Lite Strategy’s Balancing Game in Crypto-Pharma: Is It Possible to Manage Instability and Tradition Together?
- Lite Strategy (LITS) rebranded from MEI Pharma to focus on Litecoin , acquiring 929,548 LTC via a $100M PIPE in July 2025. - The company partners with GSR for crypto treasury management and launched a $25M share repurchase program in October 2025. - LITS holds $12.21M in working capital with no debt, while balancing pharmaceutical asset sales (e.g., ME-344) with crypto investments. - Despite strong liquidity (current ratio 12.39), the stock faces volatility risks and regulatory uncertainties in its crypt
Trending news
MoreCrypto prices
More
