After crossing $65.5k yesterday, BTC fell back sharply to briefly trade below $63k. However, it is getting support from long-term trends as money started flowing back into BTC through ETFs with all spot BTC ETFs, including Grayscale, recording their first-ever net inflows.<\/p>\n\n\n\n
In other major altcoin news, BlackRock\u2019s BUIDL fund, through Securitize markets, has posted a proposal on the Arbitrum governance forum. The proposal, if accepted, would mean that the world\u2019s largest asset manager\u2019s crypto fund will be on two chains, Ethereum and Arbitrum. This could likely be bullish for Arbitrum which is sitting at quite a low price from its recent highs.<\/p>\n\n\n\n
On the other hand, the US SEC has issued a Wells notice to the Robinhood crypto exchange alleging that Robinhood is providing customers with digital assets which they categorize as securities, without registering with the market regulator.<\/p>\n","protected":false},"excerpt":{"rendered":"
After crossing $65.5k yesterday, BTC fell back sharply to briefly trade below $63k. However, it is getting support from long-term trends as money started flowing back into BTC through ETFs with all spot BTC ETFs, including Grayscale, recording their first-ever net inflows. In other major altcoin news, BlackRock\u2019s BUIDL fund, through Securitize markets, has posted […]<\/p>\n","protected":false},"author":93,"featured_media":40204,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[14714],"tags":[6467,6602,6536],"class_list":["post-40195","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","tag-crypto","tag-market-update","tag-news"],"acf":{"key_takeways":false,"youtube_vodeo_url":"","seo":{"title":"","keywords":"","description":"","canonical":""},"blog_banner_image":false,"blog_coin":false,"download_the_app":{"button_value":"","button_url":""},"twitter_card":{"twitter_title":"","twitter_description":"","twitter_link":""},"maturity_tag":"","post_author":false,"guest_author":false,"hide_toc":true,"select_disclaimer":"Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered investment\/financial advice from CoinSwitch. Any action taken upon the information shall be at the user\u2019s risk."},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/40195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/users\/93"}],"replies":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/comments?post=40195"}],"version-history":[{"count":5,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/40195\/revisions"}],"predecessor-version":[{"id":40203,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/40195\/revisions\/40203"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/40204"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=40195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=40195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=40195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}