The US bitcoin ETFs saw combined outflows of $400 million on Thursday following remarks by Fed's chair Jerome Powell that there is no rush to cut rates.
Ethereum Staking and Bitcoin In-kind ETFs, Are They Coming?
Ethereum staking ETFs may be the next prize for issuers following the election of Donald Trump and Republican control in both the House and the Senate.
Dogecoin is up 87% in the past week as its chief mascot, Elon Musk, heads for the WhiteHouse with Cardano also spiking after a rumor its founder might part of a crypto group at the WhiteHouse.
BlackRock has seen its biggest one day inflow yet at $1.120 billion disclosed on Thursday, though thought to have been purchased on Wednesday when bitcoin and stocks had outsized gains.
"In the near term, the election will have no effect on our policy positions," the chair of the Federal Reserve Banks, Jerome Powell, said at a press conference while announcing rate cuts of 25 basis points.
If the US election had been carried out in Europe, Kamala Harris would have won and by a 70% landslide, except in Russia where the results would have been the opposite.
Republican Donald Trump has become the president elect of the United States and one big change will be America's approach towards Russia's war on Ukraine.