Global crypto investment products: $500M outflows, Bitcoin drops 12% post-SEC ETF approval. GBTC faces substantial outflows; spot BTC ETFs see $1.8B inflows. Evolving market dynamics.
EdmundIn 2023, Crypto ETPs attracted a substantial $2.2 billion investment surge, fueled by SEC interest. Celsius' restructuring impacts Ether prices as it unstakes holdings, while Celestia's TIA token defies market trends with a 22% surge. Bitcoin faces liquidity challenges in the 1% market depth, hinting at possible improvements with spot ETF launches.
Cheng YuanThe admission in Germany represents Virtune's first expansion outside the Swedish market.
OthersCrypto exchange-traded products have continually seen investor interest this year, despite the depreciation in the underlying crypto markets.
BeincryptoAmidst preparations for the Ethereum Merge, ETC Group made a shocking announcement on Wednesday.
BitcoinistDespite the downturn in the cryptocurrency market this year, Swiss cryptocurrency ETP firm 21Shares has seen record inflows of new cryptocurrencies year-to-date.
CointelegraphDespite crypto markets tanking this year, the Swiss crypto ETP firm 21Shares has seen its new crypto inflows hitting new all-time highs YTD.
CointelegraphThe new Algorand ETP joins a family of CoinShares’s staked ETPs featuring cryptocurrencies DOT, XTZ, ADA, SOL, ATOM and MATIC.
CointelegraphThe Swiss crypto ETP issuer wants to make it easier for investors to get exposure to Bitcoin amid extreme fear on the market.
CointelegraphLaunched in cooperation with ByteTree, the new BOLD ETP by 21Shares comprises 18.5% of BTC and 81.5% of gold at launch.
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