By Shikha Singh
Spot Bitcoin ETFs Report 10th Straight Day Of Net Inflows
Spot Bitcoin exchange-traded funds (ETFs) in the U.S. saw continued inflows for 10 consecutive days, marking the longest streak since December.
On Thursday, Bitcoin ETFs had a total net inflow of $89 million, with Fidelity’s FBTC driving the majority of the inflows.
Despite this, the overall inflows during this period have been relatively modest. Bitcoin ETFs are experiencing demand, reflecting investor interest in Bitcoin exposure, though the wider market remains affected by volatility, partly due to geopolitical factors like U.S. tariffs.
In contrast, ether ETFs have seen consistent outflows since February, signaling weaker investor confidence in Ethereum compared to Bitcoin. As of now, Bitcoin’s price is down 1.5% to $86,024, while Ether dropped 4.7%.
HashKey, Bosera to Launch Tokenized Money Market ETFs
HashKey Group, in partnership with Bosera Asset Management, is set to launch the world’s first tokenized money market exchange-traded funds (ETFs) next month.
The two tokenized ETFs will be based on the Bosera HKD Money Market ETF and Bosera USD Money Market ETF, with approval from the Hong Kong Securities and Futures Commission.
This initiative is part of the Hong Kong Monetary Authority’s “Project Ensemble” to explore tokenization of real-world assets.
The tokenized ETFs will be distributed through HashKey Exchange, offering DeFi investors new opportunities for exposure to money market instruments and helping balance yields to reduce market risk.
CoreWeave nets $1.5 bn in Below-Target IPO, Stock To Launch Friday On Nasdaq
CoreWeave, an AI hyperscaler based in New Jersey, raised $1.5 billion in its initial public offering (IPO), falling short of its target.
The company sold 37.5 million shares at $40 each, lower than its initial plan to offer 49 million shares at $47 to $55.
CoreWeave’s valuation is now around $23 billion, down from its earlier $35 billion target. The reduced target came amid increased market volatility.
Nvidia, an existing investor, purchased $250 million worth of shares in the IPO. CoreWeave’s shares are set to begin trading on Nasdaq under the ticker CRWV.
Originally focused on crypto mining, the company pivoted to AI after Ethereum’s switch to proof-of-stake in 2022.
Sei Foundation Explores Buying 23andMe to Put Genetic Data on Blockchain
The Sei Foundation, behind the Sei blockchain, is exploring the acquisition of bankrupt personal genomics company 23andMe.
The foundation aims to put the genetic data of 15 million users on the blockchain, giving them ownership and control over their data.
This move is part of Sei’s broader push into decentralized science (DeSci). Following 23andMe’s Chapter 11 bankruptcy filing, the foundation plans to integrate the company’s data onto the Sei blockchain, ensuring privacy through encryption and allowing users to control how their data is monetized.
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