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2024-06-11 22:12:28 US spot bitcoin ETFs see $65 million in net outflows, ending 19-day inflow streak

The 11 U.S. spot bitcoin exchange-traded funds saw a daily net outflow of $64.93 million on Monday, ending their longest inflow streak of 19 days. Grayscale's GBTC led the pack in outflows this week, totaling $40 million. Other funds also saw investor redemptions on Monday, with Invesco and Galaxy Digital's BTCO experiencing net outflows of $20 million, according to data from SosoValue.

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2024-06-11 09:31:48 Spot Ethereum ETF issuers still waiting on SEC for first round of S-1 comments: Sources

Prospective spot Ethereum ETF issuers are still waiting on the SEC to provide comments on their S-1 filings after they submitted first drafts on May 31, according to two sources. The issuers had been anticipating the SEC would provide comments on these drafts on June 7, according to one source based on conversations with the agency. Yet, at least two issuers have not received anything yet. One source said they now anticipate comments to come back this week.

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2024-06-10 21:17:54 Crypto investment products saw $2 billion in inflows last week amid rate cut anticipation: CoinShares

Global crypto investment products at asset managers such as Ark Invest, Bitwise, BlackRock, Fidelity, Grayscale, ProShares and 21Shares registered net inflows totaling $2 billion in the first week of June, a fifth-consecutive week of positive inflows, according to CoinShares' latest report. Last week’s net inflows matched those for the whole of May, bringing the five-week streak to a total of $4.3 billion and assets under management above the $1 billion level for the first time since March.

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2024-06-10 07:55:35 Hong Kong may allow staking for spot Ethereum ETFs as soon as this year: Animoca cofounder

Hong Kong asset managers are working to include staking within their spot ether exchange-traded funds in the hope of getting the staking reward feature approved this year, Animoca Brands Chairman Yat Siu said. Siu told The Block in an interview that Hong Kong is “having discussions now for staking” and that the likelihood of staking being approved in Asia ahead of the U.S. is an “almost foregone conclusion.”

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2024-06-09 12:16:49 Bloomberg analyst calls for FOIA request into SEC’s Ethereum ETF decision

Bloomberg ETF analyst James Seyffart called for freedom of information access (FOIA) requests regarding the SEC’s approval of spot Ethereum ETFs. In a June 5 KITCO interview, Seyffart said that public requests should search for “emails, calls, [and] anyone that had conversations with [SEC chair] Gary Gensler” to determine what happened during the SEC’s decision-making process. He said unused denial orders could exist due to the agency’s rapid change in stance.

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2024-06-07 22:17:57 Bitcoin company Lightspark CEO says moving money natively on the internet will change the world for the better.

"(Bitcoin) will unleash a pretty significant amount of GDP for everyone in the world."

- David Marcus

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2024-06-07 07:29:58 Kraken explores pre-IPO funding round: Bloomberg

Kraken is considering doing another funding round as it potentially eyes an initial public offering, Bloomberg reported Thursday, citing people familiar with the matter. The crypto exchange could raise north of $100 million in a pre-IPO round, as investors turn toward the crypto market amid a rally in token prices, sources told Bloomberg. If Kraken chooses to raise more funds, the round could be completed by the end of the year, according to one source who spoke with the publication.

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2024-06-06 18:49:58 QCP Capital says bitcoin all-time high could follow upcoming jobless claims and CPI

Today’s U.S. jobless claims report and next week's CPI release could be the catalysts for new bitcoin all-time highs, according to analysts at crypto asset trading firm QCP Capital. “A lower than expected jobless claims report tonight and the CPI release next week might potentially be the trigger for a new all time high for BTC,” the analysts wrote Thursday — also noting substantial spot Bitcoin ETF inflows of $488.1 million on Wednesday and call buying.

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2024-06-06 07:54:58 Chainlink Tops Real-World Crypto Assets With the Most Development Again

Chainlink (LINK), the native token of the decentralized blockchain oracle network built on Ethereum, has emerged once more as the top real-world asset with the most development activity in the last 30 days. Real-world assets are cryptocurrencies that represent physical assets like properties and objects. Like other crypto assets, they run on smart contracts and blockchains and have been gaining popularity recently, with a market capitalization running into billions of dollars.

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2024-06-05 22:14:58 Japanese crypto exchange DMM Bitcoin outlines funding plan to cover over $300 million in hack losses

DMM Bitcoin has outlined plans to cover losses from the theft of over $300 million in bitcoin from the Japanese crypto exchange last week. At the time of the attack, DMM Bitcoin said 4,502.9 BTC ($306 million) had been stolen in an “unauthorized outflow of funds.” It sought to reassure users, stating it would guarantee the full amount of their deposits by procuring an equivalent amount of bitcoin.

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