The Chicago Mercantile Exchange (CME), a derivatives giant, has reported unprecedented engagement from large traders in Bitcoin and Ether futures during the second quarter of the year.
Renowned venture capital firm Sequoia Capital has downsized its cryptocurrency investment fund to $200 million, a sharp drop from the previously pledged $585 million. The decision was reportedly revealed to investors in March and came in response to the prolonged market downturn.
Cryptocurrency fund manager Grayscale has petitioned the U.S. Securities and Exchange Commission (SEC) to simultaneously approve all spot Bitcoin exchange-traded funds (ETFs) currently under review to avoid any single one from gaining an undue advantage.
Top stories in the Crypto Roundup today:
- Bitcoin and Ether Futures on CME Attract Record Number of Large Traders
- Sequoia Capital Trims Crypto Fund by 65% Amid Market Slump
- Grayscale Asks SEC to Approve All Bitcoin Spot ETFs at Same Time
- Crypto Market Movers MKR, COMP, XLM