Weekly Update: 04 Apr 2024
1) Bitcoin ETF trading volumes tripled in March as the largest cryptocurrency hit record highs [CoinDesk]
– Trading volumes for the exchange-traded funds soared to $110 billion, three times higher than either January or February, led by BlackRock’s IBIT.
2) Bitwise files for a spot ether ETF [Blockworks]
– As part of its 19b-4, the potential issuer included a correlation analysis of ETH that’s “substantially similar” to the BTC analysis done by the SEC before it approved the spot bitcoin ETFs.
3) 21Shares president ‘less bearish’ than Cathie Wood on ether ETF approval [Blockworks]
– SEC has “less to look at” in considering spot ether ETFs given their similarities to the approved BTC funds, according to 21Shares’ Ophelia Snyder.
4) Argentina President Milei disappoints some Bitcoiners as crypto registration rule begins [CoinDesk]
– The nation unveiled a mandatory registration process for cryptocurrency platforms.
5) Consensys urges SEC to recognize Ethereum’s advanced safeguards in comment letter on ETH ETF approval [Blockchain News]
– Consensys has submitted a comment letter to the U.S. Securities and Exchange Commission (SEC) advocating for the approval of Ethereum-based exchange-traded funds (ETFs).
6) Crypto exchange Deribit’s Dubai-based unit wins conditional VASP License [CoinDesk]
– Obtaining the full VARA spot and derivatives license is an important next step in our efforts to raise the overall quality & governance standards of our platform, exchange’s new CEO Luuk Strijers told CoinDesk.
7) DOJ moves 30K BTC connected to Silk Road seizure [Blockworks]
– A US Department of Justice-owned wallet sent more than 30,000 bitcoin to a Coinbase wallet Tuesday.
8) Singapore enacts licencing requirements for crypto custody services and others [CoinDesk]
– Singapore has expanded the scope of what cryptocurrency-related activities it regulates to include custodial services, the Monetary Authority of Singapore (MAS) announced on Tuesday.
