JPMorgan Sees Significant Capital From Existing Crypto Products Pouring Into New Spot Bitcoin ETFs

The newly created ETFs could attract inflows of up to $36 billion from other crypto products like Grayscale Bitcoin Trust (GBTC), the report said.Source

Tokenized Fund Adoption Grows but Brings Technology Risks: Moody’s

Entities providing tokenization tech have a limited track record and may contribute to increased risk, a new report by analysts at the credit-rating agency says.Source

Venezuela Ends Controversial Petro Cryptocurrency: Reports

Venezuela is ending its Petro cryptocurrency on Monday, more than five years after it was first launched, according to multiple reports.Source

In Failed Bitfinex Exploit Attempt, Billions in XRP Moved

The failed token transfers spooked some market watchers as they amounted to nearly half of XRP’s $30 billion market capitalization.Source

Bitcoin’s Technicals Suggests Deeper Pullback to $38K: Analyst

Bitcoin’s RSI divergence signals correction, 10x Research said.Source

SEC Comments on Hack of Its X Account and Resulting Fake Bitcoin ETF Approval Announcement

The U.S. Securities and Exchange Commission said its systems and devices were not breached by the party responsible for tweeting out a fake bitcoin ETF approval announcement earlier this week.Source

BTC Tumbles Below $42K, Coinbase and Miners Plunge as Bitcoin ETF Mania Becomes ‘Sell the News’ Rout

Bitcoin dropped below $42,000 on Friday, plunging almost 10%, as the euphoria over the bitcoin ETFs approved this week gave way to a massive rout.Source

Bitwise, Fidelity, BlackRock See Biggest Bitcoin ETF Inflow in Preliminary Tally

Data about inflows is still incomplete and market watchers might have to wait until Friday evening for the full picture, Bloomberg analyst Eric Balchunas pointed out.Source

Bitwise, Fidelity See Biggest Bitcoin ETF Inflow, Grayscale Loses Only $95M in Early Tally

Data about inflows is still incomplete and market watchers might have to wait until Friday evening for the full picture, Bloomberg analyst Eric Balchunas pointed out.Source