Leading cryptocurrency asset manager Grayscale has witnessed a significant slowdown in the outflows from its spot Bitcoin exchange-traded fund (ETF), despite the market's anticipation of further declines.
Coinbase has dropped support for native Bitcoin and other cryptocurrencies using the unspent transaction output (UTXO) model on its Coinbase Commerce platform, in a move announced by Lauren Dowling, the company's head of product.
Jupiter Asset Management has divested its holdings in the 21Shares Ripple XRP ETP (AXRP), incurring a slight financial setback. This decision came after the firm's internal compliance team identified that the investment did not align with the strict guidelines set forth by Ireland's Undertakings for Collective Investment in Transferable Securities Directive (UCITS), which notably restricts exposure to cryptocurrencies.
Top stories in the Crypto Roundup today:
- Grayscale Bitcoin ETF Outflows Top $7 Billion
- Coinbase Commerce Drops Native Bitcoin Support
- Jupiter Asset Management Retreats from XRP ETP Amid Regulatory Pressures
- AI Tokens Skyrocket Nearly 30%, Leading Crypto Token Baskets in February