Thursday Top Crypto News
In one short thread…
Yesterday, the spot Bitcoin ETFs saw a total net inflow of $408 million, with Fidelity's ETF (FBTC) leading the pack with a $184 million net inflow.
In contrast, spot Ethereum ETFs recorded a total net outflow of $1.8236 million, with BlackRock’s ETF (ETHA) alone accounting for a $46.8863 million outflow.
Bloomberg Senior ETF Analyst Eric Balchunas said the REX-Osprey Solana + Staking ETF, the first approved spot staking crypto ETF in the U.S., saw $33 million in first-day trading volume.
The performance surpassed Solana and XRP futures ETFs and the average ETF debut, though it still fell short of spot BTC and ETH ETFs.
JPMorgan's blockchain division Kinexys is testing its upcoming blockchain application for carbon credit tokenization alongside S&P Global Commodity Insights, EcoRegistry, and the International Carbon Registry.
Coinbase has added Sky (SKY) and USDS (USDS) to its new asset roadmap. Sky is a decentralized lending protocol that enables users to mint USD-pegged stablecoins through overcollateralized deposits. USDS is the protocol’s native stablecoin.
In wider markets, the U.S. finalized a trade agreement with Vietnam, reducing tariffs on Vietnamese imports to 20% from the initially proposed 46%…
This development, occurring as the U.S. nears the July 9 end of its 90-day tariff pause, could indicate potential for positive outcomes from ongoing trade negotiations with other nations.
Crypto majors trade at the following level
BTC 109,300 (up 2.4% in 24 hours)
ETH 2,590 (up 5.9%)
XRP 2.271 (up 3.7%)
SOL 155.70 (up 4.4%)
Have a great day!
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