Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

1. BlackRock Bitcoin ETF Launch: BlackRock introduced a Bitcoin ETF in Canada, offering exposure to its iShares Bitcoin Trust (IBIT).

2. US Election May Boost Bitcoin: Pantera Capital predicts the 2025 US presidential election will fuel Bitcoin’s rally, defying traditional market strategies.

3. MicroStrategy Adds More Bitcoin: MicroStrategy raised its Bitcoin holdings to 450,000 BTC, purchasing $243M worth at $62,691 per BTC.

4. 💡Feature of the Day - FTX Creditor Payouts Start Soon: FTX will distribute $1.2B to creditors post-Jan. 20, marking a milestone after its collapse.

   
   All this and more in today’s headlines!

📰 News Highlights:

BlackRock Bitcoin ETF [Source][Source][Source][Source]

BlackRock has launched a new Bitcoin exchange-traded fund (ETF) on Cboe Canada, offering Canadian investors access to its flagship US spot Bitcoin fund, iShares Bitcoin Trust (IBIT).

The iShares Bitcoin ETF, trading under the ticker IBIT (and IBIT.U for USD shares), aims to simplify Bitcoin exposure by eliminating custody complexities, according to Helen Hayes, head of iShares Canada.

Since its debut in January 2024, BlackRock's US IBIT ETF has emerged as the most popular Bitcoin fund globally, with net inflows exceeding $37 billion.

US Election: A 'Buy The Rumor, Buy The News' [Source][Source][Source][Source]

Pantera Capital predicts the US presidential election will fuel Bitcoin’s 2025 rally, defying traditional market strategies like “buy the rumor, sell the news.”

In their blockchain letter, Pantera draws parallels between President-elect Trump’s pro-crypto stance and the 2024 launch of US spot Bitcoin ETFs, which saw Bitcoin prices double and $40 billion in inflows.

Although Bitcoin recently corrected below $80,000, analysts believe Trump’s inauguration could reignite the bull market.

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MicroStrategy Buys The Dip [Source][Source]

MicroStrategy increased its Bitcoin holdings to over 450,000 BTC after purchasing $243 million worth during a price dip.

Acquired at an average price of $62,691 per BTC, the company’s total investment now stands at $28.2 billion.

The purchase coincided with a dip below the $100,000 psychological mark as Bitcoin exchange reserves fell to a seven-year low.

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💡 Feature of the Day: 

FTX $1.2B Repayment [Source][Source]

FTX will begin distributing over $1.2 billion to creditors after Jan. 20, coinciding with President Trump’s inauguration.

Repayments are rolling out to restore investor confidence—a big win for FTX users. Unfortunately, no updates yet for unregistered countries.

Users owed up to $50,000 have until Jan. 20 to fulfill requirements.

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And that’s it for this today.

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See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com