Skip to main content

Featured Story

Produced by Daniel Aharonoff & Mogul Media AI

Bitcoin Spot ETFs Attract $3 Billion in One Month

Bitcoin Spot ETFs: A New Era in Investment The recent launch of Bitcoin spot exchange-traded funds (ETFs) in the United States has ushered in a remarkable financial phenomenon, capturing the attention of investors and analysts alike. Within just a month, these pioneering investment vehicles have attracted over $3 billion in net flows, a figure that notably eclipses the initial performance of gold ETFs when they made their market debut two decades ago. This trend signals not only a shift in investor sentiment but also a redefinition of traditional asset allocation strategies. For those looking to dive deeper into this area, the Comprehensive Guide to Spot Bitcoin ETFs offers valuable insights into navigating these new financial waters. Key Highlights Impressive Net Flows : Bitcoin spot ETFs have drawn over $3 billion in net flows within their first month, demonstrating robust market enthusiasm. Comparison to Gold ETFs : This performance surpasses that of gold ETFs at their inc
Post a Comment
Read more
Produced by Daniel Aharonoff & Mogul Media AI

Plummeting Institutional Crypto Trading Volume in North America: The Impact of U.S. Bank Failures

Institutional crypto trading volume in North America experienced a significant decline following a series of high-profile U.S. bank failures in March. These failures, which included banks such as Silicon Valley Bank, Signature Bank, and Silvergate, had a profound impact on the crypto industry, particularly in terms of accessing US dollar liquidity. As a result, crypto businesses were forced to seek banking support offshore, leading to a contraction in crypto activity in the region. One notable consequence of this shift was the loss of presence for stablecoins in North America, with the region's share of crypto volume occupied by stablecoins dropping from 70.3% to 48.8% between February and June. This decline in institutional crypto trading volume highlights the challenges faced by the industry in the wake of banking failures, and raises questions about the future of stablecoins in North America.

Email Post

Comments

Post a Comment

Trending Stories