Bitcoin ETFs See Record $2.4B Weekly Inflows; BlackRock’s IBIT Leads: CoinShares

Inflows significantly accelerated last week, indicating increasing demand for new spot-based ETFs, CoinShares’ head of research James Butterfill said.Source

First Mover Americas: All Eyes on Ether

The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 19, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source

Worldcoin’s Rocketing WLD Token Could Benefit Creditors of Three Arrows Capital, FTX

However, WLD prices may run into headwinds as a token unlock worth $165 million is set to begin today, occurring until Feb.26, data from Token Unlocks show.Source

Ether’s Fundamental Supply Outlook Better Than Bitcoin’s, Analyst Says as ETH Tops $2.9K

Ether has rallied 16% in seven days, outperforming bitcoin’s 8.5% rise.Source

Virginia Proposes a Mere $17,192 a Year for New Blockchain and Cryptocurrency Commission

The money is set to cover the costs associated with having meetings including travel expenses.Source

Japan Moves Closer to Allowing Venture Capital Firms to Hold Crypto Assets

Japan’s cabinet approved a bill adding crypto to the list of assets the nation’s investment funds and venture capital firms can acquire.Source

Y Combinator, Startup Incubator Behind Airbnb, Coinbase, and Stripe, Looks to Invest in Stablecoin Finance

Y Combinator (YC), the Silicon Valley incubator, has listed stablecoin finance as a category in its new and updated list of areas it would like to deploy funds in.Source

Ether Could Be the Next ‘Institutional Darling,’ Bernstein Says

Ether is probably the only digital asset other than bitcoin likely to get spot ETF approval from the SEC, the report said.Source

Bitcoin’s Stall at $52K May Foreshadow Imminent Pullback Before Higher Prices: Swissblock

Bitcoin’s uptrend is supported by strong trading volumes, a bullish sign for continuation, a FalconX report said.Source

JPMorgan Analyst Criticizes Coinbase’s Lack of Insights Into Its ETF Business

Coinbase reported strong fourth-quarter earnings on Thursday, partly driven by the launch of the ten spot bitcoin exchange-traded funds (ETFs).Source