news

U.S. Crypto ETFs Cruise, Bitcoin, Ethereum Spot ETFs All End the Day with Net Inflows

U.S. bitcoin spot ETFs saw net inflows totaling $50.6 million on Dec. 1 (local time), according to analysis from a crypto market data analytics platform. This is the third consecutive trading day of net inflows. Grayscale GBTC saw net outflows of $71.3 million, Fidelity FBTC saw $48.4 million, Bitwise BITB saw $20.7 million, ArcInvest ARKB saw $22.4 million, and VanEck HODL saw $3.6 million. On the other hand, there were net inflows of $25.9 million into BlackRock IBIT and $191 million into Grayscale Bitcoin Mini Trust (ticker: BTC). The Grayscale Mini Bitcoin Trust is a spin-off of GBTC, with a management fee of 0.15%, one-tenth the cost of GBTC.

Meanwhile, the US ETH spot ETF saw net inflows totaling $26.7 million. This marks the second trading day of net inflows. Grayscale ETHE alone saw $78 million worth of net outflows, while BlackRock ETHA and Fidelity FETH saw net inflows of $89.6 million and $11.7 million, respectively. This is the first time BlackRock EHTA net inflows have surpassed grayscale ETHE net outflows.

“Zhao Changpeng's release from prison could boost BNB and 5 other altcoins”

With former Binance CEO Changpeng Zhao set to be released from prison on September 29th (local time), BeInCrypto reports that five altcoins are likely to see an uptick in value. BNB is one of the most prominent coins expected to see price movement following Zhao's release from prison.

blockchain crypto cryptocurrency French Hill blame Gary Gensler (SpotedCrypto)

French Hill : “SEC's approach to regulating crypto firms will only confuse markets”

During a hearing on the Securities and Exchange Commission (SEC) held by the U.S. House of Representatives' Financial Services Committee on March 18 (local time), Congressman French Hill criticized SEC Chairman Gary Gensler's approach to regulating cryptocurrency companies, saying that it is causing confusion and uncertainty

blockchain crypto cryptocurrency us fed ratecut 50bp (SpotedCrypto)

US Fed 'big cuts' interest rates by 0.5 percentage point to bring inflation closer to target, considers another 50 basis point cut later in the year.

The US Federal Reserve's (Fed) Federal Open Market Committee (FOMC) announced in an official statement that it will cut its benchmark interest rate by 0.5%. This is the first rate cut in nearly four years. The Fed raised rates from March 2022 through July of last year.

Read next