Key Notes Citi targets custody of high-quality reserves backing stablecoins following federal requirements under Trump’s GENIUS Act legislation. The bank plans real-time cross-border stablecoin transactions, building on existing tokenized dollar transfer services across major hubs. Growing $280B stablecoin market and $100B Bitcoin ETF demand create institutional opportunities beyond Coinbase’s current dominance. Citigroup is considering launching custody services for stablecoins and the digital assets backing cryptocurrency exchange-traded funds (ETFs), according to a Reuters interview with Biswarup Chatterjee, Citi’s global head of partnerships and innovation. The move would pit Citi against Coinbase,…
Tag: ETF
Experts: Bitcoin’s Rally Fueled by ETF Demand, Weak Dollar, and Rate Cut Hopes
After bitcoin surpassed $124,000, some analysts suggest that the cryptocurrency may be entering a rapid growth phase, with potential price targets between $131,000 and $177,000. Record-Breaking Rally and Market Capitulation On Aug. 13, bitcoin (BTC) broke past the $124,000 mark to set a new all-time high and pushed the crypto economy’s total market capitalization to […] Original
Bitcoin rises above $120,000 ahead of key inflation data: CNBC Crypto World
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io On today’s episode of CNBC Crypto World, bitcoin retakes the $120,000 level after an overnight rally, while ether jumps above $4,000 for the first time since December 2024. Plus, Chainlink partners with NYSE parent company Intercontinental Exchange to bring foreign exchange and precious metal pricing data onto the blockchain. And, Stephen Pair, co-founder and CEO of BitPay, discusses the trend of companies looking to accept crypto payments. Chapters: 0:00 – Introduction 0:23 – Bitcoin rises 1:13 – The headlines 4:11 – BitPay’s…
Best Meme Coins to Buy as Canary Capital Registers Trump Memecoin ETF
Meme coins have spent most of their existence in the crypto market as retail-driven and hype-fueled, swinging from moonshot highs to brutal pullbacks in a matter of hours. But this year is beginning to look different. Institutional players are circling, looking for ways to package meme exposure in regulated, exchange-traded formats. That shift is significant. More liquidity can lead to larger price swings in either direction. However, it also strengthens the position of projects with strong narratives, engaged communities, or genuine utility to break out. And while mainstream finance still…
Ethereum ETF inflows jump $729m, surpass Bitcoin ETFs
U.S.-listed exchange-traded funds tracking Ethereum have logged another day of strong inflows as institutional demand shows no signs of cooling. Summary Ethereum ETFs recorded $729 million in inflows on Aug. 13, surpassing Bitcoin ETFs by a wide margin. The numbers mark the second-largest single-day inflows for ETH ETFs since launch, behind the $1.02 billion record earlier this month. Corporate giants like SharpLink and BitMine remain bullish on ETH and are ramping up accumulation plans. Ethereum ETFs recorded $729 million in inflows in their latest trading session on August 13, according…
It’s Happening Again
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Become an Enjoyer: Get the FREE Weekly Report: Contact: cryptocurrentlyYT@gmail.com Disclaimer: The information in this video is NOT financial advice. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
Altcoin Searches on Google Hit New Highs Amid ETF Filings, Treasury Moves
Google searches for “altcoin” have reached their highest level since 2021 and interest in “Ethereum” is at a two-year peak, according to Google Trends data. The surge comes alongside a flurry of crypto-related exchange-traded fund (ETF) activity and shifts in digital asset treasuries that may draw attention beyond Bitcoin. Google Trends has recorded similar surges before. In early 2018, “altcoins” spiked months after Bitcoin’s late-2017 peak, as retail attention turned toward a wave of new cryptocurrencies launched through initial coin offerings (ICOs). In early 2021, the term “altcoin” reached some…
BitGo Backs Central Asia’s Debut Spot Bitcoin ETF
BitGo, a US-regulated crypto custodian, will safeguard assets for Central Asia’s first spot Bitcoin exchange-traded fund (ETF), which debuted Wednesday on the Astana International Exchange in Kazakhstan. The Astana International Exchange (AIX), a stock exchange operating within the Astana International Financial Centre (AIFC) framework, announced the listing of the Fonte Bitcoin Exchange Traded Fund (BETF) on Wednesday. Managed by AIFC-registered asset manager Fonte Capital, BETF offers indirect investment access to Bitcoin (BTC) to a wide range of investors, including retail participants, AIX said. The BETF fund is physically backed by…
Fonte Capital Launches Bitcoin ETF on Astana International Exchange in Kazakhstan
Kazakhstan-based Fonte Capital has announced the listing of the Fonte Bitcoin Exchange Traded Fund OEIC Plc on the Official List of the Astana International Exchange (AIX), under the ticker BETF, quoted in U.S. dollars. The launch will be celebrated during the official Ring the Bell ceremony at AIX. The BETF aims to accurately reflect bitcoin’s […] Original
Ethereum Reclaims $4,600 With Unprecedented $1 Billion In Spot ETF Inflow
Ethereum (ETH) has recently seen a remarkable resurgence, inching closer to its $4,878 all-time high (ATH) record after a prolonged period of consolidation. On Tuesday, ETH broke the $4,600 mark for the first time in years, outperforming other cryptocurrencies, including Bitcoin (BTC) and XRP. Ethereum ETFs Attract $8.2 Billion YTD This price performance is largely attributed to a significant influx of capital into Ethereum spot exchange-traded funds (ETFs), which recorded a staggering $1 billion in inflows in just a single day—the largest daily inflow to date. Related Reading According to…