U.S. spot bitcoin ETFs posted record net outflows of $680 million on Thursday, breaking a 15-day streak of positive flows of $6.7 billion.
The U. S. Securities and Exchange Commission approved the applications of NASDAQ and Cboe BZX to list and trade shares of crypto-index ETFs Hashdex and Franklin Templeton, respectively.
U. S. Federal Reserve Chairman Jerome Powell on June 2, After hawkish comments about slowing the pace of interest rate cuts in 2025, the #cryptocurrency market continued to fall.
Meanwhile, the CEOs of Deribit and Bitget are discussing the coexistence of decentralized and centralized exchanges.
In addition, CoinDesk employees wrote a letter to the owner of Bullish, calling Justin Soon's retraction of the article
outrageous
, in anticipation of the dismissal of management.
Let's get started. The record for daily outflows to date stands at a whopping 563.7 million, set on May 1, when the coin dropped to around $BTC Fidelity's FBTC recorded an outflow of more than $208 million on Thursday, followed by Greyscale's #Bitcoin Mini Trust with more than $188 million. BlackRock's IBIT reported zero inflows, while WisdomTree's BTCW was the only #ETF to record inflows of $2 million.
Amid the biggest bitcoin sell-off since August, trading in 12 bitcoin-spot ETFs Volume jumped to $6.3 billion from $5.9 million the day before.
Meanwhile, the Ethereum U. S. ETF recorded net outflows of $60.5 million on Thursday, ending an 18-day positive period of $2.4 billion.
Initially, the fund will hold bitcoin and ether, but other #cryptocurrencies could be added if regulators approve. Hashdex suggested AVAX, LINK and LTC as potential options
The launch could happen in January. The possibility is there, said Eric Bartunas, an ETF analyst at Bloomberg. It's notable that Hashdex and Frankie will be the first to launch. That's a good thing, he said.
For now.
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