ETP Frenzy: Crypto Funds Attract Over $2 Billion This Week
Reports say global exchange-traded products tied to crypto pulled in about $2.2 billion in net inflows during the latest week, a jump that marked the strongest weekly move since October last year. Bitcoin-focused funds took the lion’s share, while Ether and a handful of altcoin products also saw fresh money enter. Rising Appetite For Bitcoin…
Crypto Products Post $454M Weekly Outflows On Fed Jitters
Markets pulled $454 million from crypto exchange-traded products last week as investors stepped back amid rising bets that the US Federal Reserve may not cut rates soon. According to CoinShares data and market reports, the move erased much of the early-week gains that had pushed roughly $1.5 billion into the sector during the first two…
Bitcoin ETFs Coming To Japan? Government Prepares To End Ban
The sun could be set to shine brighter in Japan’s financial horizon, as regulators take another look at how Bitcoin will play a role in the country’s financial landscape. Authorities are now considering lifting a long-standing ban on Bitcoin and crypto exchange-traded funds (ETFs). This might signal a new era in the government’s outlook on…
$534 Million Exit: DeepSeek Debut Sends Shockwaves Through Crypto ETFs
The entry of DeepSeek into the market has caused a seismic shift in the cryptocurrency landscape, causing wide-scale volatility and significant capital outflows. Ripple effects were felt across multiple sectors, with crypto mining stocks bearing the brunt of the impact. Investors scrambled to reassess their positions. Market sentiment turned bearish within hours. Tech Giants Show…