Auto Added by WPeMatico

US Bitcoin ETFs Soar With $192M Boost; Ethereum ETFs Record Modest Loss

The latest figures from U.S. spot bitcoin and ethereum exchange-traded funds (ETFs) reveal another contrasting shift. Bitcoin ETFs welcomed $192.56 million in inflows, while their ethereum counterparts saw around $2.87…

Continue ReadingUS Bitcoin ETFs Soar With $192M Boost; Ethereum ETFs Record Modest Loss

US Spot Bitcoin ETFs Record $45M Inflows as Ether ETFs See $24M Outflows

U.S. spot bitcoin exchange-traded funds (ETFs) reported inflows on Wednesday, while spot ether ETFs experienced net outflows. Data reveals that 12 spot bitcoin ETFs collectively gained $45.14 million, whereas $23.68…

Continue ReadingUS Spot Bitcoin ETFs Record $45M Inflows as Ether ETFs See $24M Outflows

Grayscale Launches 2 New Crypto Trusts Focused on AI and Scalable Blockchain Tech

Grayscale Investments has announced the launch of two new cryptocurrency investment trusts—Grayscale Bittensor Trust and Grayscale Sui Trust. These new offerings aim to provide accredited investors with targeted exposure to…

Continue ReadingGrayscale Launches 2 New Crypto Trusts Focused on AI and Scalable Blockchain Tech

US Bitcoin ETFs Bleed $148.56M While Ethereum ETFs Cash In

Based on the latest data, spot bitcoin exchange-traded funds (ETFs) experienced net outflows of $148.56 million on Tuesday. Conversely, spot ether ETFs saw a positive inflow of $98.30 million during…

Continue ReadingUS Bitcoin ETFs Bleed $148.56M While Ethereum ETFs Cash In

Digital Asset Manager Coinshares Reports Strong Q2 2024 Earnings 

Coinshares, a leading European digital asset investment firm, reported strong financial performance in the second quarter of 2024, highlighted by a significant increase in revenue and adjusted EBITDA. The company…

Continue ReadingDigital Asset Manager Coinshares Reports Strong Q2 2024 Earnings 

US ETH ETFs Draw $48.73M on Monday; Grayscale’s $46.84M Outflow Dampens Impact

On Monday, U.S. spot ethereum exchange-traded funds (ETFs) recorded their second-highest inflows since their inception. Approximately $48.73 million was added, yet the nine funds collectively remain in the red, with…

Continue ReadingUS ETH ETFs Draw $48.73M on Monday; Grayscale’s $46.84M Outflow Dampens Impact

Fedwatch Tool and Polymarket Point to Highly Probable Rate Cuts by the Fed

Following the recent volatility in global equity markets, some analysts suggest that the U.S. Federal Reserve might implement an emergency rate cut before September. In addition, market predictions are leaning…

Continue ReadingFedwatch Tool and Polymarket Point to Highly Probable Rate Cuts by the Fed

Google Pay, Amazon Pay, Walmart-Backed Phonepe Eye Entry Into RBI’s Digital Rupee Program

Google Pay, Amazon Pay, and Walmart-backed Phonepe are reportedly seeking to join India’s central bank digital currency (CBDC) initiative led by the Reserve Bank of India (RBI). Other fintech firms…

Continue ReadingGoogle Pay, Amazon Pay, Walmart-Backed Phonepe Eye Entry Into RBI’s Digital Rupee Program

Wharton Professor Calls for Emergency Rate Cut Following Market Downturn

Jeremy Siegel, a finance professor and chief economist, has called for an emergency 75 basis point cut in the fed funds rate following a market downturn. He emphasized the necessity…

Continue ReadingWharton Professor Calls for Emergency Rate Cut Following Market Downturn