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 investors are back in the green as US spot BTC exchange-traded funds (ETFs) posted their biggest inflows in over a month, the Federal Reserve pulled guidance limiting how its supervised banks engaged with crypto, and US Commodity Futures Trading Commission (CFTC) acting chair Caroline Pham will leave the regulator to join MoonPay.
Spot Bitcoin ETFs recorded $457 million in net inflows on Wednesday, marking their strongest single-day intake in more than a month as institutional demand showed signs of re-acceleration.
Fidelity’s Wise Origin Bitcoin Fund (FBTC) led the inflows, recording the largest daily intake at roughly $391 million, accounting for the majority of the day’s net inflows. BlackRock’s iShares Bitcoin Trust (IBIT) followed with around $111 million, according to data from Farside Investors.
