In May, bitcoin miner Riot Platforms produced 514 bitcoins, marking an 11% increase from the 463 mined in April and more than double the 215 produced in May 2024. Prioritizing Operational Excellence Bears Results Bitcoin miner Riot Platforms produced 514 bitcoins in May 2025, an 11% increase from the 463 bitcoins mined in April and
The post Breaking: President Donald Trump’s Truth Social Files for Spot BTC ETF appeared first on Coinpedia Fintech News Truth Social, a social media platform backed by the United States President Donald Trump, has filed for a spot Bitcoin (BTC) exchange-traded fund (ETF) with the U.S. SEC. According to a recent SEC filing, the Truth Social seeks to list and trade shares of the Truth Social Bitcoin ETF on the NYSE Arca Exchange. The Truth Social Bitcoin ETF will be managed by Foris DAX Trust Company, LLC, whereby investors will only be allowed cash settlement. The filing of the Truth Social Bitcoin ETF follows a recent move by the Trump Media and Technology Group to raise $2.5B to implement a Bitcoin treasury management plan. Truth Social Affirms High Bitcoin Demand from Institutional Investors The filing of the Truth Social Bitcoin ETF aligns with the cryptocurrency agenda of the U.S. President Donald Trump. Furthermore, the Trump Organization and the Official Trump Meme ($TRUMP) have played a crucial role in the mainstream adoption of digital assets. The overall demand for Bitcoin by institutional investors as a hedge against inflation and macroeconomic uncertainty remains high. According to market data analysis from BitcoinTreasuries , 223 entities now hold more than 3.39 million BTCs as part of their treasury management strategy. Is BTC Price Ready to Moon? As Coinpedia reported , the rising demand for Bitcoin from institutional investors has helped increase bullish sentiment. The recent weekly rebound from a crucial support/resistance level around $104k is a clear indication that BTC price is preparing for a fresh rally towards a new all-time high. However, a consistent close below $103,336 in the coming days will further delay an anticipated parabolic rally.
Assets management firm Jacobi will now offer its spot Bitcoin exchange-traded fund (ETF) to European retail investors. The move follows regulatory approval by the Guernsey Financial Service Commission. According to an announcement from the firm, the Jacobi FT Wilshire Bitcoin ETF (BCOIN) , launched in 2023 on Euronext Amsterdam, will no longer be restricted to professional and institutional investors, with regulators now deeming it safe enough for retail. It said: “Retail investors, subject to the rules of their respective national regulators, can now access the Jacobi Bitcoin ETF via regulated brokerage and investment platforms.” The firm stated that this will increase accessibility to the product, which is in line with its mission to provide secure exposure to digital assets. With nearly two years of regulatory oversight as an institutional-grade product, removing the barriers is expected to boost its appeal. Meanwhile, the announcement noted that removing the restrictions on who can invest and the minimum investment amount is due to Bitcoin’s evolution over the past few years, making the once-niche cryptocurrency a mainstream asset. Jacobi BCOIN ETF could become the first Bitcoin ETF in Europe Interestingly, the Jacobi-issued BCOIN could become the first Bitcoin ETF to trade in Europe. While several issuers, including CoinShares and Bitwise, have issued physical Bitcoin exchange-traded products (ETPs) , there is no ETF for crypto assets. This is due to the Undertaking for Collective Investment in Transferable Securities (UCITS) framework, which does not allow funds with only one component. Despite the difference in nomenclature and framework, crypto ETPs in Europe are similar to the spot crypto ETFs in the US. CoinShares physical Bitcoin ETP and Bitwise Bitcoin ETP dominate the market with €1.499 billion and €1.198 billion, respectively. With BCOIN entering the scene, it hopes to attract investors’ interest in a sector with over 100 crypto ETP products. This could prove challenging given that even BlackRock IBIT ETP has only around €260 million. Presently, Jacobi BCOIN has around $1.9 million in assets under management. Meanwhile, Jacobi CEO Peter Lane praised Gurnsey’s approach to regulating the digital assets sector while adding that the firm is excited to make the Bitcoin ETF accessible in eligible countries. He said: “We applaud Guernsey as an innovative jurisdiction who have embraced the evolution of digital assets and look forward to bringing more innovative, digital asset products to market with robust regulatory oversight.” To secure approval, the UK-based asset manager worked with other firms, including Sigma Asset Management, Collas Crill, and Midshore Consulting. Guernsey is a dependency of the United Kingdom. Experts say BlackRock IBIT could finish 2025 with over 1 million BTC by 2026 ending While Jacobi is looking to attract investors to BCOIN ETF, spot Bitcoin ETFs in the US have seen sizable outflows for three consecutive days since May 29 as BTC price appears to be consolidating after the recent rally. According to Farside Investors data , spot Bitcoin ETFs have bled $1.23 billion over the past three days, with BlackRock IBIT alone seeing $561.4 million in outflows in the past two days. Despite the massive outflows, BlackRock IBIT remains a top performer and is expected to hit a new high soon. Bloomberg senior ETF analyst Eric Balchunas has predicted that BlackRock could become the biggest holder of Bitcoin by the end of next year, surpassing Satoshi, who has 1.123 million BTC. He said: “After only 16 months on the market, BlackRock’s iShares Bitcoin Trust ETF (IBIT) is the second-biggest holder of the token and on pace to pass Satoshi as the world’s largest by the end of 2026. IBIT has bought almost $50 billion worth of Bitcoin.” Unsurprisingly, IBIT is already the youngest ETF to be in the top 25 ETFs by value in over a decade, with over $70 billion in AUM, which is enough to rank it 23rd among the top ETFs. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
Experts at a private luncheon emphasize the urgent need for preparedness against the looming quantum computing threat to Bitcoin’s security. Quantum computing advancements could enable attackers to reverse-engineer private keys,
At a private luncheon, experts advocated for “preparedness,” not “denial,” to overcome the quantum computing threat.
Donald Trump’s Truth Social platform is making a notable entrance into the cryptocurrency market with the filing of a new Bitcoin exchange-traded fund (ETF) proposal. The Truth Social Bitcoin ETF
Trump Media & Technology Group is advancing its foray into cryptocurrency by planning to launch a spot Bitcoin ETF in the U.S., marking a significant development in the crypto investment
US Senator Cynthia Lummis has revealed that some American military leaders advocate for a national Bitcoin reserve as a strategic asset amid escalating economic tensions with China. This proposal reflects
The Senator’s comments addressed the tensions between the US and China, citing US generals based in Southeast Asia.
Crypto analyst Smart Trading has revealed a bearish pattern for Shiba Inu , indicating that the bears are in firm control. Based on this, he predicted that SHIB could witness a 20% crash, which would represent a huge setback for the bulls. Shiba Inu Breaks Down Below Triangle Pattern In a TradingView post , Smart Trading stated that the Shiba Inu price recently broke down from a triangle pattern after consolidating near a key resistance. With this development, the analyst remarked that a potential retest of the breakdown zone around $0.00001396 is possible before continuing toward the support level near 0.00001041 . Based on this analysis, the major levels to watch include the resistance at $0.00001396 and the support zone at $0.00001041. In a TradingView post , crypto analyst Paper Trader also echoed a similar sentiment. He noted that Shiba Inu is consolidating in a demand zone and near a key level. The analyst remarked that the bulls need the Shiba Inu price to break out of the demand zone above $0.00001300 for the top meme coin to reach $0.00001427. Based on his accompanying chart, this could pave the way for a further rally to $0.00001700. Paper Trader added that if the demand zone fails to hold, then SHIB bears can push the price to the 0.00001100 levels. Shiba Inu has struggled this year and is down over 38% since the start of the year. This underperformance has caused the meme coin to drop drastically in the crypto rankings, currently ranked as the 19th crypto by market cap. SHIB had, towards the end of last year, reentered the top 10 ranking by market cap after recording an impressive 81% gain in under two weeks. The Bottom May Be In For SHIB On the other hand, crypto analyst GKTrademanthan has provided a bullish outlook for the Shiba Inu price, stating that the bottom is in for the meme coin. This came as he drew a similarity between the 2024 and current price action. He claimed that SHIB is following a repeated pattern cycle, which he broke into four stages. The first stage is the falling wedge , which the analyst revealed has been completed. GKTrademanthan revealed that Shiba Inu has also completed the Cup and Handle pattern and W Pattern, which are stages 2 and 3, respectively. Stage 4 is the inverted Head and Shoulders , which the analyst revealed is pending formation and could trigger a major upward move for Shiba Inu. The target on the breakout is $0.00002431, which represents about a 90% move from SHIB’s current levels. At the time of writing, the Shiba Inu price is trading at around $0.00001322, up over 3% in the last 24 hours, according to data from CoinMarketCap.