Headlines

Bitcoin Eyes Breakout as Futures Open Interest Hits Record $75B

Bitcoin is trading around $106,554 and nearing its all-time high, supported by record-high futures open interest of $75 billion and strong accumulation in spot markets. Analysts describe the current phase as a consolidation, with bullish derivatives data suggesting potential for a breakout.

Bitcoin ETF AUM Hits Record $109B

Assets under management in spot Bitcoin ETFs have reached an all-time high of $109 billion, driven by consistent inflows and growing institutional participation. BlackRock's iShares Bitcoin Trust (IBIT) leads the market, with a $970 million inflow on April 28 marking its strongest day in three months. Allocations from global players such as Abu Dhabi's Mubadala ($408.5M), Hong Kong's Avenir ($700M), and U.S. university endowments signal the evolution of Bitcoin ETFs into mainstream investment vehicles.

JPMorgan Opens Bitcoin Access Despite Dimon's Ongoing Criticism

JPMorgan Chase CEO Jamie Dimon confirmed the bank will now allow clients to buy Bitcoin, though it will not offer custody services. Despite repeatedly calling Bitcoin worthless and likening it to a Ponzi scheme, Dimon acknowledged client demand during the bank's investor day.$BTC