On their first day of trading, spot Ether exchange-traded funds listed in the United States generated roughly $1.08 billion in trading volume, approximately 23% of the amount seen by spot Bitcoin ETFs on their opening day.
Crypto custodian Hex Trust has announced that the Monetary Authority of Singapore (MAS) has given them in-principle approval for a Major Payment Institution license.
HKX has recently joined the growing number of exchanges that have chosen to withdraw their license applications from the Hong Kong Securities and Futures Commission (SFC).
Cory Klippsten, the current CEO of Swan Bitcoin, recently revealed that the company will no longer be pursuing an initial public offering in the near future due to the shutdown of its mining operations.
On Monday, Farside Investors reported that BlackRock’s iShares Bitcoin Trust (IBIT) brought in a total of $526.7 million from investors.
According to JPMorgan analysts, the current rally in cryptocurrency prices is a short-term strategy.
In the wake of a series of inflammatory tweets about politics, civil war, and immigration, Ryan Selkis announced on Friday that he was stepping down as CEO of Messari, the crypto data and research firm he helped co-found.
