Bitcoin ETFs Gain Popularity
Spot Bitcoin ETFs have become increasingly popular in the US trading landscape. Since their inception, these ETFs have experienced a significant surge in popularity, with a notable increase in net inflows and trading volume. BlackRock, Fidelity, and Bitwise are among the top ETF service providers attracting investors across the country.
In addition to this, Hong Kong is seeking approval for its first Bitcoin ETF, as Venture Smart Financial Holdings Ltd plans to introduce one.
Binance Makes Waves
Binance, the world’s leading cryptocurrency exchange, has made several important announcements this week. The platform added Manta Network to its collection and introduced a DOGE perpetual contract with 75x leverage. It also delisted certain spot trading pairs while listing ETC, ENS, and TIA in FDUSD & USDC pairs. Binance made its debut in Thailand with the help of Gulf Binance.
Terra Classic Sparks Speculations
The Terra community has been making moves to support its tokens. They recently proposed an “investigate EVM functionality” plan to introduce an advanced station wallet. However, the proposal was rejected after a voting process. The community also announced a core security package upgrade.
Hot Take: Crypto Market Sees Exciting Developments
The crypto market is witnessing significant developments this week. Bitcoin ETFs are gaining popularity, with increased net inflows and trading volume. Binance continues to make waves with various additions and delistings on its platform. Meanwhile, the Terra community is fueling speculations with their efforts to support their tokens. Overall, it’s an exciting time for the crypto industry as it continues to evolve and expand.
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