21Shares files to launch SEI ETF, joining race with Canary Capital

21Shares files to launch SEI ETF, joining race with Canary Capital

SEI is the native token of the Sei network, a layer-1 blockchain specializing in trading infrastructure for decentralized exchanges and marketplaces. Crypto asset manager 21Shares has filed with the US Securities and Exchange Commission (SEC) to launch an exchange-traded fund tracking the price of SEI, following Canary Capital’s application in April.  The S-1 registration statement…

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Here’s what happened in crypto today

Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, the US Commodity Futures Trading Commission opened a pathway for offshore exchanges to legally serve American clients. Kanye West’s YZY token collapsed over 80% after…

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Investment advisers ’dominating’ with .3B in Bitcoin, Ether ETFs

Investment advisers ’dominating’ with $18.3B in Bitcoin, Ether ETFs

Crypto analysts told Cointelegraph investment advisers increasing their Ether and Bitcoin exposure signals a shift to portfolio-driven allocations, with more room to grow. Investment advisers are the largest trackable cohort outside of retail that are buying Bitcoin and Ether exchange-traded funds, according to new data from Bloomberg Intelligence.  Bloomberg ETF analyst James Seyffart said in…

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Bitcoin ‘liquidity zones swept’ but uptick in open interest hints at BTC recovery

Bitcoin ‘liquidity zones swept’ but uptick in open interest hints at BTC recovery

Bitcoin’s sharp sell-off caught many traders off-guard, intensifying the rate of long liquidations, but data shows bulls stepping in to buy the dip. Key points:  Profit-taking near Bitcoin’s range highs aligns with traders’ previous reaction to new all-time highs.  Dip-buying near key liquidation zones and consistent institutional investor demand suggest the sell-pressure won’t last long. …

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