XRP ETFs reach record weekly volume of $219 million, while Bitcoin and Ethereum funds see $750 million in outflows.
The recently approved spot Bitcoin ETFs show inflows of $759 million and a record volume of $14 billion after two weeks.
The SEC has approved all pending Bitcoin ETF applications, paving the way for exposure to an exceptionally broad investor base.
While analysts expected the approval of a spot Bitcoin ETF next week, the SEC may make an early decision.
This week marked the 7th consecutive week of positive inflows into crypto asset investment products, totalling $1.14bn.
The SEC approved the first futures-based Ether ETFs in the U.S., though the products’ trading volumes were rather low.
The SEC is not expected to block the first Ether ETF until mid-October, giving the green light to some applicants.
Bitcoin falls below $88,000 as fears of a US government shutdown and this week’s Fed meeting weigh on the crypto market.
Marktrückblick
A summarizing review of what has been happening at the crypto markets of the past week. A weekly report in cooperation with Kaiko.
DeFi
BlackRock enables DeFi trading of its $2.4 billion treasury fund BUIDL via Uniswap for the first time and invests in the UNI token.
