Michigan lawmakers file 4 crypto bills on retiree funds, CBDCs, mining

Michigan lawmakers file 4 crypto bills on retiree funds, CBDCs, mining

Michigan lawmakers introduced four crypto bills in one day, covering crypto in state retiree funds, CBDCs and Bitcoin miners operating at abandoned oil and gas sites. Michigan lawmakers have introduced four crypto-related bills covering crypto mining, central bank digital currencies (CBDCs) and crypto in state retirement funds. Republican state Representative Bill Schuette introduced House Bill…

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VanEck to launch Avalanche ecosystem fund

VanEck to launch Avalanche ecosystem fund

Idle capital will be deployed onchain into real-world asset (RWA) projects, the asset manager said. VanEck plans to launch a private digital assets fund in June targeting tokenized Web3 projects built on the Avalanche blockchain network, the asset manager said in a statement shared with Cointelegraph. The VanEck PurposeBuilt Fund, available only to accredited investors,…

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Crypto.com and Canary Capital to launch US CRO fund

Crypto.com and Canary Capital to launch US CRO fund

It’s the first US-regulated investment fund holding the Cronos chain’s native token, CRO. Crypto.com and asset manager Canary Capital are launching a US investment fund designed to provide exposure to the Cronos blockchain’s native token, CRO, the cryptocurrency exchange said in a statement. The Canary CRO Trust will hold the Cronos (CRO) token in a…

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Spot Bitcoin ETF inflows fall, but BTC whale activity points to bull market acceleration

Spot Bitcoin ETF inflows fall, but BTC whale activity points to bull market acceleration

Historical data outlined an interesting correlation between Bitcoin and spot BTC ETFs inflows, with whale activity reflecting reserved profit-taking. Key takeaways: Spot Bitcoin ETF inflows dropped over 90% from $3 billion to $228 million in four weeks. While strong ETF inflows often drive Bitcoin rallies, recent data shows price movements can occur independently. Read more…

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VanEck launches 'Onchain Economy' ETF

VanEck launches 'Onchain Economy' ETF

The new exchange traded fund aims to offer exposure to an array of crypto stocks and financial instruments. VanEck has launched a new actively managed exchange-traded fund (ETF) designed to invest in stocks and financial instruments offering exposure to the digital economy, the asset manager said on May 14. The VanEck Onchain Economy ETF (NODE)…

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