The market has priced in a rejection for the first set of Ethereum ETFs, but there are reasons to be optimistic about an approval next year, says one fund manager. Author: Sam Reynolds
Ether, Bitcoin Open Asia Trading Week Flat as ETH ETF Decision, Nvidia Earnings Loom
Steven Cohen’s Point72 Also an Owner of Bitcoin Via Spot ETFs
Point72, the $34 billion hedge fund of billionaire and owner of the New York Mets, Steven Cohen, held $77.5 million of the Fidelity Wise Origin Bitcoin Fund (FBTC) as of the close of the first quarter, according to a filing. Author: Helene Braun
Crypto Industry Rallies Behind House Bill As it Heads Toward Final Vote
The U.S. House of Representatives is on the verge of a vote that will represent the closest the cryptocurrency industry has ever been toward finally winning regulation in the U.S., and the sector’s associations and top businesses are encouraging House leaders to support the effort. Author: Jesse Hamilton
Fantom Outperforms CoinDesk 20 Over Past Week as TVL Jumps
FTM has gained 13% in the last week, and total value locked in Fantom briefly hit $200 million. Author: Sam Reynolds
Biden Order to Halt China-Tied Bitcoin Mine Beside Nuke Base Came as U.S. Firm Just Bought it
President Biden’s emergency order to halt the Chinese-tied mining on the doorstep of a nuclear-missile base hit days after mining giant CleanSpark struck a deal to buy the property. Author: Jesse Hamilton, Aoyon Ashraf
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