This week in crypto, the market is buzzing with pivotal developments that promise to shape the future of digital assets. From the new spot Bitcoin ETFs, critical legal battles to groundbreaking token launches and strategic platform upgrades, the events unfolding are set to have a profound impact on market dynamics and investor strategies.
#1 New Spot Bitcoin ETF Data
This week, the crypto market’s main focus will remain the new spot Bitcoin ETFs. Following a record-breaking start, Bitcoin’s price experienced a significant drop. Despite that, the ETFs witnessed inflows of over $1.4 billion in the first two days, overshadowing Grayscale Bitcoin Trust’s (GBTC) outflows of $579 million, resulting in a net inflow of $818.9 million.
However, Grayscale remains in the spotlight as investors shift from GBTC, with its 1.5% annual fee, to other ETFs charging less than 0.3%. This trend is believed to have contributed to last week’s Bitcoin price decline. Importantly, due to the SEC’s “
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