Global #investment

Param Labs, a gaming infrastructure developer based in the UAE, has secured a significant investment of $7 million to bolster the development of their Web3 gaming ecosystem.

In a notable indication of increasing acceptance within mainstream finance, Morgan Stanley has disclosed a substantial investment of $269.9 million in Bitcoin through Grayscale’s GBTC trust, as noted in its first-quarter 13F filing.

On May 16, there was a notable increase in inflows for the US spot Bitcoin ETF, reaching $257 million. This surge can be attributed to the rising optimism and enthusiasm surrounding Bitcoin ETFs.

In the recent 13F filings with the United States Securities and Exchange Commission (SEC), over 600 firms have disclosed substantial investments in the spot Bitcoin ETF.

Shortly after expressing his strong endorsement of Bitcoin (BTC) as the sole viable monetary and investment option, Andrew Tate, a well-known social media figure and former professional kickboxer, declared his decision to fully abandon traditional fiat currency.

International hedge fund Millennium Management has unveiled that it possessed nearly $2 billion worth of spot Bitcoin ETFs in the first quarter of this year.