Fidelity's Timmer Flags AI Debt Risk as CoreWeave Bond Yields Top 15%
Jurrien Timmer argues the danger in the AI trade may sit in credit markets rather than equity valuations, pointing to CoreWeave's elevated bond yields.
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Original coverage across the crypto market, updated daily.
Jurrien Timmer argues the danger in the AI trade may sit in credit markets rather than equity valuations, pointing to CoreWeave's elevated bond yields.

BlackRock's IBIT pulled in $665.2 million, outweighing redemptions at Fidelity and Grayscale as other funds stayed flat.

US spot Bitcoin ETFs drew $527 million in net inflows, the largest daily total since September, led by BlackRock's IBIT.

California AG Rob Bonta announced a $500,000 settlement with Fidelity Digital Asset Services over past limits on moving purchased crypto into self-custody.

Support from major firms fails to boost Clarity Act chances; BitMEX announces closure as crypto market narrows to five key players.
Major asset managers like BlackRock and Fidelity drive institutional bitcoin adoption following spot ETF approval in January 2024.