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Quick Take Ethereum and Bitcoin spot ETFs recorded combined net inflows surpassing $1 billion on Monday. Bitcoin ETFs registered $522 million in net inflows, led by Fidelity’s FBTC. Ethereum ETFs saw $547 million in net inflows after five consecutive days of outflows.
Quick Take Tether has received 8,888.88 BTC from a Bitfinex hot wallet into an address labeled as its bitcoin reserve, according to Arkham data. If confirmed, the transfer would raise Tether’s total bitcoin treasury to nearly 109,410 BTC, currently worth $12.4 billion.
Quick Take The odds of SEC approval for new spot crypto ETFs — including Litecoin, Solana, and XRP — are “100% now,” according to Bloomberg Senior ETF Analyst Eric Balchunas. Some ETF products could launch within days after the agency’s new generic listing standards for crypto ETFs rendered 19b-4 forms and their deadlines “meaningless,” he said.
Quick Take The SEC’s Division of Corporation Finance said it will not pursue enforcement if DoubleZero’s native token transfers remain within programmatic, utility-based parameters. SEC Commissioner Hester Peirce highlighted how DePIN tokens differ from traditional fundraising transactions under the Howey Test.
