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Bitcoin's futures basis increases after last week's softer US inflation print
Bitcoin's futures basis increases after last week's softer US inflation print

Bitcoin’s three-month annualized basis increased above 10% over the weekend, showing the market is building positive sentiment, analysts say.

The Block·2024/05/20 13:37
US spot bitcoin ETF rebound continues with nearly $1 billion in net weekly inflows
US spot bitcoin ETF rebound continues with nearly $1 billion in net weekly inflows

U.S. spot bitcoin ETFs saw a continued increase in net inflows last week, registering $948.3 million.Total net inflows since the ETFs started trading in January have now surpassed $12.5 billion.

The Block·2024/05/20 12:04
Flash
  • 22:29
    Three major U.S. stock indices closed collectively lower
    The three major U.S. stock indices closed collectively lower, with the Dow down 1.01%, the Nasdaq down 0.47%, and the S&P 500 down 0.43%. Most of the large technology stocks fell, Amazon, Nifty, Meta, Tesla fell more than 1%, Google fell slightly; Intel rose more than 1%, Apple, Nvidia, Microsoft rose slightly. appLovin fell about 9%, the worst one-day performance since last December.
  • 22:28
    Grey Spot XRP ETF Officially Filed in the Federal Register, Resolution Deadline 18 October
    Golden Financial reports that the Grayscale Spot XRP ETF (19b-4 application) has been officially filed with the Federal Register, which means that from now on, the SEC will begin its review and will need to make a decision on whether to approve or deny the application by 18 October. The 19b-4 Petition is Grayscale's official filing with the SEC for the launch of an XRP-based exchange-traded fund (ETF). The document has been officially published in the Federal Register, marking the formal start of the review process. Under the rules, the SEC has until 18 October to make a decision. In the meantime, the SEC may communicate with Grayscale to request additional information or clarification.
  • 22:27
    Franklin Templeton Launches Bitcoin, Ether Index ETFs
    Franklin Templeton has announced the launch of an exchange-traded fund (ETF) that holds both spot bitcoin and ethereum. The Franklin Crypto Index ETF (EZPZ) is the second cryptocurrency index ETF to enter the U.S. market, following the launch of the Nasdaq Crypto Index US ETF (NCIQ) on 14 February by asset management firm Hashdex. The EZPZ fund holds a basket of assets referenced by the US CF Institutional Grade Digital Asset Index. As of 20 February, the index tracks only bitcoin and ethereum. According to CF Benchmarks data, as of 20 February, the asset composition of the market-capitalisation-weighted index was approximately 87% BTC and 13% ETH. Franklin Templeton plans for EZPZ to hold more cryptocurrencies in the future, and as the index expands, ultimately provide a ‘one-stop-shop’ for crypto portfolios for U.S. investors.
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