Flows for most of the ETFs were positive yesterday, but $579.6 million in outflows from GBTC eclipsed total inflows from the other funds.
Lawsuits against crypto exchanges offering staking services for proof-of-stake blockchains, including Ethereum, make approval of a spot ether ETF more challenging until these cases are resolved, the investment bank said.
Customer due diligence requirements for crypto firms may be more stringent than for banks, policy watchers told CoinDesk.
Hong Kong-based VSFG is planning to launch its spot bitcoin exchange-traded fund in the first quarter of this year.
Cathie Wood’s investment fund continues to double down on its recently listed spot bitcoin ETF.
An additional $1.5 billion could exit GBTC, putting more pressure on the bitcoin price in the coming weeks, the report said.
The network’s MANTA token went live on Thursday and has reached a $550 million capitalization.
The ether- bitcoin ratio has surged 10% in the first 19 days of the year, taking back part of last year’s 25% slide.
Analysts also pointed out that GBTC shares flipped to a 0.9% discount on Thursday amid “likely selling pressure.”
The country’s industrial authority has formed a working group for metaverse standardization with members from Chinese tech giants.
