Top Stories This Week
BlackRock Bitcoin ETF records biggest inflow day since March at $523M
BlackRock’s spot Bitcoin exchange-traded fund (ETF) notched its biggest day of inflows in over four months, with over $523 million entering the fund on July 23.
The iShares Bitcoin Trust ETF (IBIT) scooped up 7,759 Bitcoin on July 22 — worth just over $523 million at the time of writing — according to Hey Apollo data cited by its co-founder, Julian Fahrer, in a July 23 post on X.
The July 22 inflows bring the total assets under management for IBIT to 333,000 BTC, worth around $22 billion at current prices. It marks the seventh-largest day of record for inflows into IBIT in United States dollars.IBIT witnessed its largest single day of inflows on March 18, when $849 million worth of BTC was added to the fund.
The second-largest day on record occurred on March 5, when the fund saw $788 million in inflows, according to Farside Investors data.
Revolut secures UK banking license after three-year wait
Revolut, the London-based fintech company, finally secured a banking license in the United Kingdom after a protracted three-year regulatory approval process. This significant milestone, announced on July 25, marks a pivotal moment for the company as it strengthens and solidifies its position in its home market.
The UK’s Prudential Regulation Authority granted the license with certain restrictions, allowing Revolut to gradually build out its banking operations before a full-scale launch.
Nik Storonsky, the CEO of Revolut, commented on this landmark event:
“We are incredibly proud to reach this important milestone in the journey of the company and we will ensure we deliver on making Revolut the bank of choice for UK customers.”
The company was founded in 2015 and has rapidly grown its customer base, with nine million registered users in the UK and over 45 million globally. It is supported in 35…
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