A wave of selling hit several United States spot Bitcoin exchange-traded funds (ETFs) this week, marking the largest three-day outflow since their debut in January. This news comes after a period of significant inflows that helped Bitcoin reach a new all-time high.
In a public statement Coinbase’s Chief Legal Officer, Paul Grewal, challenged the U.S. Securities and Exchange Commission (SEC) over its potential stance on spot Ethereum exchange-traded fund (ETF) applications.
A United Nations Security Council study has revealed a North Korea-cryptocurrency theft has totaled $3 billion between 2017 and 2023, with these hacks being seen as a significant source of funding for the country’s weapons programs.
Top stories in the Crypto Roundup today:
- Bitcoin ETFs Experience Record Three-Day Outflow of $742 Million
- Coinbase’s Chief Legal Officer Says SEC Has ‘No Good Reason’ to Deny Spot Ether ETFs
- U.N. Report Says North Korea Stole $3 Billion in Crypto Since 2017
- Crypto Market Movers – PEPE, AIOZ, SHIB