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Ethereum spot exchange-traded funds (ETFs) could capture between 10-20% of the flows currently directed towards bitcoin ETFs, Bitfinex head of derivatives said.
Global digital asset investment products saw net inflows for the fifth consecutive week, adding $2 billion.
A busy week lies ahead on the United States economic calendar and a key Federal Reserve interest rate decision could rattle crypto markets.
BTC consolidated at around $69,500 after severe turbulence, while BRETT is up a whopping 400% on a monthly scale.
The bank’s China branch said that it is the first foreign bank in China to offer digital yuan services to both retail and corporate customers.
- 19:11Trump: will respond to EU counter tariffsUS President Donald Trump says he will respond to the EU's counter tariffs.
- 19:09Institutions: Inflation data doesn't seem to leave room for Fed rate cutsInflation data does not signal a rate cut to the Federal Reserve, writes Steven Blitz, chief U.S. economist at TS Lombard. Although the CPI fell from 3 per cent to 2.8 per cent in February, ‘there are enough anomalies in the data to cast doubt on any attempts to view it as a trend.’ Blitz said commodity prices excluding food and energy grew at a seasonally adjusted annual rate of 2.7% in February, an improvement from 3.5% in January, but still volatile. He said this was ‘the category where the impact of tariffs was most pronounced in the first round.’ Eventually, employment will continue to rise, and so will inflation.
- 18:59Spot gold hits $2940/oz upwards, up 0.82% on the daySpot gold touched $2940 per ounce upwards, up 0.82% on the day.