Cryptocurrency Markets

The New York Stock Exchange on Tuesday as the ProShares Bitcoin Strategy ETF (BITO) started trading. (Cheyenne Ligon/CoinDesk)
ProShares Bitcoin Futures ETF ‘BITO’ Hauls In $570M of Assets in Stock-Market Debut
According to ProShares, the fund’s sponsor, the new ETF’s assets shot to $570 million from $20 million on its first day of trading.
The New York Stock Exchange on Tuesday as the ProShares Bitcoin Strategy ETF (BITO) started trading. (Cheyenne Ligon/CoinDesk)

The New York Stock Exchange on Tuesday, as the ProShares Bitcoin Strategy ETF ($BITO) started trading. (Cheyenne Ligon/CoinDesk)
Bitcoin Hits 6-Month High as First Bitcoin Futures ETF ‘BITO’ Starts Trading
The ProShares Bitcoin Strategy exchange-traded fund started with $20 million of seed capital.
The New York Stock Exchange on Tuesday, as the ProShares Bitcoin Strategy ETF ($BITO) started trading. (Cheyenne Ligon/CoinDesk)

Chart of weekly flows of investor money into crypto funds shows a big uptick last week.
Crypto Funds Double Weekly Inflows to $226M as Ebullience Returns to Bitcoin Market
The jump was largely driven by bitcoin-focused funds, where inflows rose by $156 million to $225 million, the highest in five months.
Chart of weekly flows of investor money into crypto funds shows a big uptick last week.

Bitcoin's daily price chart shows the surge to a five-month high. (TradingView/CoinDesk)
Bitcoin Price Surges to 5-Month High Over $54K
Bullish sentiment returns to largest cryptocurrency, up 25% already this month.
Bitcoin's daily price chart shows the surge to a five-month high. (TradingView/CoinDesk)

The golden cross in bitcoin's price chart has yet to produce much glory. (Unsplash, modified by CoinDesk)
Since ‘Golden Cross,’ Bitcoin Is Down 12%; Blame the Fed?
The ostensibly bullish price-chart indicator hasn’t yet produced much in the way of gains for traders of the largest cryptocurrency.
The golden cross in bitcoin's price chart has yet to produce much glory. (Unsplash, modified by CoinDesk)

Bitcoin daily price chart shows the appearance of a "golden cross." (TradingView/CoinDesk)
Bitcoin ‘Golden Cross’ Appears in Price Charts, Confirming Bullish Trend
The golden cross is generally regarded as a “positive” indicator,” Fundstrat wrote Wednesday in a note to subscribers.
Bitcoin daily price chart shows the appearance of a "golden cross." (TradingView/CoinDesk)

tether
Tether Denies Holding Evergrande’s Commercial Paper as Reserve for Stablecoin USDT
It’s the latest twist in ongoing speculation over the quality of the reserves backing USDT.
tether

In an environment where investors are starved for yield from traditional fixed-income instruments like bonds, more cryptocurrency traders are looking to stake digital assets on blockchains. (Pixabay, modified by CoinDesk)
Staking Giant Lido Expands to Solana
Lido controls over 80% of the fast-growing market for ether staking derivatives.
In an environment where investors are starved for yield from traditional fixed-income instruments like bonds, more cryptocurrency traders are looking to stake digital assets on blockchains. (Pixabay, modified by CoinDesk)

Chart of the bitcoin price over the past week shows the impact of Tuesday's wipeout. (CoinDesk)
Bitcoin Tumbles Most Since May and El Salvador Buys the Dip
Price drop triggers about $3 billion of liquidations of trading positions due to margin calls.
Chart of the bitcoin price over the past week shows the impact of Tuesday's wipeout. (CoinDesk)