Bitcoin rebounds from December lows as Terraform Labs’ Do Kwon denies major US fraud charges. Meanwhile, the IRS delays new crypto reporting rules until 2026, and U.S. based mining pools overtake Asian counterparts.
(Bloomberg) -- Investors yanked a net $333 million from BlackRock Inc.’s iShares Bitcoin Trust ETF (IBIT) on Thursday, the most withdrawn from the record-breaking fund since its launch.Most Read from BloombergIs This Weird Dome the Future of Watching Sports?NYPD Seeking Gunmen After 10 People Wounded Outside Queens VenueDetroit’s Michigan Central Is the Building Revival Story of 2024Burned-Out Parents Need Better Public SpacesA Commuting Resolution for 2025: Ride Your Local Subway or BusThe fund
Cathie Wood is closely watched by many investors. The hope is that this results in strong portfolio returns. As a revolutionary store of value that has now become a legitimate financial asset drawing lots of attention, Bitcoin (CRYPTO: BTC) is prominently on the radar of Ark Invest.