The Daily Data Room: Tuesday, March 26th, 2024

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The Daily Data Room is curated by Sílvia Teixeira

Today's headlines feature Bitcoin ETFs leading BlackRock and Fidelity's fund offerings, Cathie Wood's bullish prediction of a $1.5 million Bitcoin price, a Binance executive's escape from Nigerian custody amid tax evasion charges, and WisdomTree's notable approval in one of the U.S.' most stringent crypto regulatory states.

• Bitcoin ETFs, which now dominate among BlackRock and Fidelity Investments' products, have experienced record-breaking performance, outperforming the overall ETF market.

• Cathie Wood, CEO of Ark Invest, believes Bitcoin could be worth more than $1.5 million per coin if institutions allocate around 5% of their assets to the digital commodity.

• Binance revealed that one of its executives, Nadeem Anjarwalla, who was seized by Nigerian authorities, has escaped captivity.

• WisdomTree, a Bitcoin exchange-traded fund (ETF) provider, has received regulatory approval from the New York State Department of Financial Services to conduct its digital asset business in the state.

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