1. Decline in the price of Bitcoin
In recent days, the price of Bitcoin has seen a decline, dropping below $80,000. This drop is likely due to reduced trade tensions in the U.S. and a ceasefire agreement with Ukraine.
2. Application for Sui crypto ETF by Canary Capital
Canary Capital Group has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) linked to the Sui network cryptocurrency $SUI . This is the firm's sixth crypto ETF application, and the prospects for approval of crypto ETFs have increased under the new administration.
3. 21Shares has announced the closure of two Bitcoin and Ethereum futures ETFs.
In light of the bear market in the crypto space, 21Shares has decided to shut down its two major ETFs, ARK 21Shares Active On-Chain $BTC Strategy ETF and ARK 21Shares Active Bitcoin $ETH Strategy ETF.
🔗 [My Binance Square Profile Link]
