Several countries have approved listings of spot crypto ETFs after the launch of the funds in the U.S. in January, though all have been significantly smaller in scale than their U.S. counterparts. Last week, South Korea’s news1 also reported that the country’s Financial Services Commission would consider allowing crypto ETFs. Original
U.S. spot bitcoin exchange-traded funds (ETFs) faced another tough day, with all 12 funds experiencing outflows totaling $120.76 million. Meanwhile, the nine spot ethereum ETFs saw a different story, pulling in $3.06 million during the trading session. Bitcoin ETFs Tumble, Ether Funds Walk Away Unscathed Thursday proved challenging for bitcoin ETFs, with no gains in […] Original
ETH ETFs haven’t gained the same traction as BTC ETFs, even seeing net outflows this week. Tom Carreras investigates why. Source
Earlier today, U.S. federal prosecutors charged crypto trading firms Gotbit, ZM Quant, CLS Global and MyTrade and their employees with market manipulation and fraud. Notably, a CoinDesk report in 2019 detailed how Alexey Andryunin, the co-founder of Gotbit and one of the individuals charged by prosecutors, built a business out of faking exchange volumes for tiny crypto tokens using trading bots to get listed on price aggregators like CoinMarketCap. Source
SOL’s ratio of market capitalization versus network fee revenues is 250, more than double than ETH’s 121. Solana’s supply grows around 5.5% annually, while ETH’s token inflation rate stands around 0.5% a year, they added. Higher inflation means that SOL’s real staking yield is 1%, compared to ETH’s 2.3%. Meanwhile, 38% of all established developers in the blockchain industry work on the Ethereum ecosystem, with Solana claiming a 9% share. Source
According to the latest figures from sosovalue.xyz, the 12 U.S. spot bitcoin exchange-traded funds (ETFs) welcomed an impressive $235.19 million in inflows. Meanwhile, spot ether funds had a completely neutral day, with neither gains nor losses recorded. U.S. Bitcoin ETFs Secure Inflows While Ether Funds Stay Flat On Monday, bitcoin ETFs saw inflows of $235.19 […] Original
Bitcoin ETFs enjoyed their highest net inflows since Sept. 27, with FBTC and IBIT leading the way. Original
Asset manager Bitwise has filed a proposal with the U.S. Securities and Exchange Commission (SEC) to merge three bitcoin and ethereum futures exchange-traded funds (ETFs) into a single fund. This new fund will utilize a momentum-based strategy, targeting both bitcoin and ether futures. Bitwise to Combine Bitcoin and Ethereum ETFs According to the SEC filing, […] Original
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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…