The US Securities and Exchange Commission has postponed its decision on whether to approve or reject Hashdex’s application for an exchange-traded fund that would directly hold Bitcoin and Ether.
On Thursday, there were positive flows of $192.56 million from spot Bitcoin exchange-traded funds in the US.
Ethereum ETFs saw net outflows of $23.68 million, led by Grayscale’s ETHE with $31.86 million in outflows.
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.
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.
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.
