
April 18th, 2025
In order to take advantage from institutional investors, Bakkt has launched the BakktX, a revolutionary type of electronic communication network (ECN) designed specifically for institutional crypto trading.
Lower-than-expected April CPI data (0.3%) boosts markets on hope of Fed rate cuts and increased liquidity.
The influx of funds into the newly launched ETFs shows institutional trust; hence, this could also be the beginning of more large capital flows into the BTC ecosystem.
The new Vanguard CEO said that it is important for the firm to stay consistent with their stand on Bitcoin products. He said that they no plans of coming up with an ETF in the near future.
Although the appointment will not take effect until July 8, it remains to be seen whether Ramji will be able to change Vanguard’s stance on digital assets during his tenure.
With spot Bitcoin ETF purchases slowing down considerably, and even dipping into negative territory on some days, macroeconomic catalysts have gained increased significance recently.
Monday’s outflows immediately marked an over 420% increase from Friday’s outflow of 99.99 BTC.
The United States recorded the highest crypto investment inflows, totaling $135 million.
This current drop in the Bitcoin Kimchi Premium comes as trading volumes on South Korea’s top five crypto exchanges plummet.
In a similar manner to the Hong Kong spot Bitcoin ETFs, their US counterparts also experienced a net outflow of $11.29 million on Thursday.
The open interest (OI) for Bitcoin call options is twice the open interest for the put options, indicating an overall bullish sentiment.
GBTC’s high management fees at 1.5% continue to hurt Grayscale as revenue of the firm remained flat in Q1 amid high redemptions from Bitcoin ETF.
ESMA wants feedback by August 7, 2024, about whether UCITS can include assets other than traditional stocks and bonds.
The JPMorgan analysts believe the US SEC will establish a middle ground between security and commodity for Ethereum, thus leading to imminent approval of spot ETFs.
Earlier this week, GBTC recorded daily net inflow after a very long time of constantly seeing outflows.