The first day of trading for the 11 spot Bitcoin exchange-traded funds approved by the U.S. Securities and Exchange Commission (SEC) saw a combined volume of $4.37 billion.
European asset manager CoinShares has successfully completed its acquisition of Valkyrie Funds, a key segment of Nashville-based firm Valkyrie Investments. The move follows the recent launch of Valkyrie Investments’ spot Bitcoin ETF.
Five years after launching its Petro cryptocurrency, Venezuela has reportedly announced that it’s phasing it out. The announcement was made via its Patria Platform, the only website where Petro was tradeable.
Top stories in the Crypto Roundup today:
- Spot Bitcoin ETFs Spark Trading Frenzy
- CoinShares Finalizes Acquisition of Valkyrie Funds
- Venezuela to Phase Out Controversial Cryptocurrency Petro
- Fidelity Forecasts Surge in DeFi and Stablecoin Interest with Potential 2024 Fed Rate Cut