The supply of both Bitcoin (BTC) and Ethereum (ETH) on cryptocurrency exchanges contracted in June, as investors gravitated towards self-custody solutions as regulations ramped up.
The UK’s House of Lords is moving forward with a bill meant to broaden the government's reach to tackle the use of cryptocurrencies in illicit activities, adding to the increasing regulatory scrutiny the crypto space is facing globally.
The cryptocurrency market’s rise, set off partly due to the euphoria set off by BlackRock's unexpected filing for a spot bitcoin exchange-traded fund (ETF), has led to a surge in investments into the futures-based Bitcoin ETF BITO, which now has over $1 billion in assets under management.
Top stories in the Crypto Roundup today:
- Bitcoin and Ethereum Supply on Exchanges Dropped in June
- UK House of Lords Advances Bill to Crack Down on Crypto Crime, Empower Crypto Seizure
- ProShares Bitcoin Strategy ETF Hits $1 Billion AUM
- Visualizing MicroStrategy’s BTC Holdings And Average Purchasing Price