Thu, Feb 1, 2024 12:55 PM
Budget 2024: EV stocks rally over 6% after govt's announcement!
A Flip by Avya Verma
Bonds are leading the adoption of the RWA tokenization sector which could reach $600 billion in the next five years, according to research. Real-world asset (RWA) tokenization is set for explosive growth over the next five years with assets under management potentially topping $600 billion by 2030, according to several new research papers from major traditional financial institutions.
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Florida chief financial officer Jimmy Patronis urges the state’s retirement fund agency to assess Bitcoin investments, proposing a pilot program to diversify to digital assets. Florida chief financial officer Jimmy Patronis wants the agency that manages the state’s retirement funds to consider investing in Bitcoin — joining a growing number of American states adding crypto to their portfolios.
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BlackRock’s IBIT recorded over $629 mn in single-day inflows as the asset neared lifetime highs on Tuesday, ahead of next week’s U.S. elections. U.S. spot bitcoin ETFs saw over $870 million in net inflows on Tuesday, with BlackRock's IBIT leading at $629 mn. This surge in investments coincided with bitcoin's price nearing its all-time high, fueled by pre-election market volatility expectations.
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