Mox, a digital bank owned by Standard Chartered, has recently launched an investment platform in Hong Kong and is now offering its clients the ability to trade in Bitcoin and Ether exchange-traded funds (ETFs).
As Bitcoin dropped below $50,000, a significant indicator of its volatility reached its highest point in 20 months.
Ethereum ETFs experienced a total daily inflow of $98.3 million.
On Monday, there were $168.4 million in net outflows reported for spot Bitcoin ETFs in the US, as the crypto market experienced significant volatility.
Despite a 20% drop in its price, US-listed exchange-traded funds (ETFs) for Ether saw net inflows of nearly $49 million on Monday.
Ark Invest has recently made a significant investment in Coinbase, purchasing 93,797 shares worth a total of $17.8 million across three of its exchange-traded funds on Monday.
The percentage of Bitcoin’s market value compared to the overall cryptocurrency market, known as Bitcoin dominance, has reached a new yearly high of 58% amidst a decline in both crypto and stock markets.
