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, Bitcoin ETFs saw $812 million in outflows, while Ether ETFs ended their longest inflow streak with $152 million in losses; exchange Gate has launched spot trading services in the United States. Meanwhile, Andreessen Horowitz urged US senators to revise a draft crypto bill in open letter.
Spot Bitcoin exchange-traded funds (ETFs) saw $812.25 million in net outflows on Friday, marking the second-largest single-day loss in the history of these products.
The drawdown erased a week of steady gains and pushed cumulative net inflows down to $54.18 billion. Total assets under management slid to $146.48 billion, representing 6.46% of Bitcoin’s (BTC) market capitalization, according to SoSoValue.
