In an unexpected move, the U.S. Securities and Exchange Commission (SEC) approved eight spot Ethereum ETFs, allowing issuers like BlackRock, Fidelity, and Grayscale to proceed with their Ethereum-based exchange-traded funds, pending registration statement approval.
Hong Kong is set to introduce spot Bitcoin and Ethereum exchange-traded funds (ETFs) by the end of April, as the region aims to establish itself as a regulated hub for the virtual asset industry and reclaim its reputation as a modern financial powerhouse.
Coinbase experienced its second-largest Bitcoin outflow this week, with two massive withdrawals totaling 33,800 BTC, potentially signaling bullish sentiment and institutional interest, despite a recent market correction.
