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JPMorgan says GBTC outflows ‘continue to slow’
JPMorgan says GBTC outflows ‘continue to slow’

The hype around bitcoin ETFs is fading, analysts noted

Blockworks·2024/01/30 04:08
Republican French Hill says he's optimistic about prospect for new crypto legislation in 2024
Republican French Hill says he's optimistic about prospect for new crypto legislation in 2024

Quick Take: At an event on Monday hosted by the Foundation for Defense Democracies, the Arkansas Republican spoke about the Clarity for Payment Stablecoins Act and the Financial Innovation and Technology for the 21st Century Act, both of which advanced out of the House Financial Services Committee last year. Rep. French Hill also told reporters he is open to listen to Sens. Sherrod Brown, D-Ohio, and Sen. Elizabeth Warren, D-Mass., on their illicit finance concerns.

The Block·2024/01/30 03:28
TD Cowen expects spot Ethereum ETF no earlier than 2025 or 2026
TD Cowen expects spot Ethereum ETF no earlier than 2025 or 2026

May 2024 approvals may be unlikely due to Gary Gensler's political career.

Crypto Slate·2024/01/30 02:40
Bitcoin surges to $43k as ETF inflows outpace sell pressure
Bitcoin surges to $43k as ETF inflows outpace sell pressure

Early trading data from Bloomberg revealed that iShares Bitcoin Trust (IBIT) had surpassed GBTC in trading volume, indicating a resurgence in investor confidence.

Crypto Slate·2024/01/30 02:40
Spot bitcoin ETF race heats up as Invesco and Galaxy slash fee
Spot bitcoin ETF race heats up as Invesco and Galaxy slash fee

Invesco and Galaxy’s spot bitcoin ETF, which has remained at the middle of the pack among the new crypto-based funds, is dropping its fee from 0.39% to to 0.25%, according to an SEC filing.The new rate, which doesn’t come into effect for months, will put the firms’ ETF on par with most competitors.

The Block·2024/01/30 02:38
Flash
18:07
Freddie Mac says 30-year US mortgage rates have fallen to the lowest level in a month
Influenced by easing inflation concerns brought on by the de-escalation of tensions in the Middle East, US mortgage rates have dropped to their lowest level in nearly a month, providing a brief window of relief for first-time home buyers. According to a statement released by Freddie Mac on Thursday, the average rate for a 30-year fixed-rate mortgage fell from 6.52% a week ago to 6.47%, while the same period last year saw a rate of 6.81%.The spring home sales season is nearing its close after a period of sharp fluctuations in borrowing costs. The conflict involving Iran that broke out at the end of February had temporarily pushed mortgage rates higher, but this week’s announcement of a provisional peace deal, along with news that the Strait of Hormuz may reopen to shipping, helped lead to a pullback in oil prices and effectively eased upward pressure on mortgage rates.It is worth noting that this spring's real estate sales have shown greater resilience than the market expected. Data released by the National Association of Realtors (NAR) on Wednesday showed that the number of pending home sales in May increased by 3.8% month-on-month. Although the absolute figure remains historically low, as a more forward-looking indicator than actual transaction volume, the rebound in contract signings suggests that buyers are gradually adapting to the persistently high interest rate environment.
18:06
The chairman of the United States Federal Energy Regulatory Commission has pledged to speed up the approval process for data centers connecting to the power grid.
This adjustment is expected to effectively shorten the power grid access waiting period for data center projects, providing stronger public service support for the deployment and implementation of the data center industry, and further meeting the continuously growing power supply demands arising from the rapid development of the digital industry.
18:05
US President Trump: The market is reacting positively to the current situation
US President Trump stated that the market has reacted positively to the current situation, with oil prices dropping sharply and the stock market surging significantly.
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