Today in crypto, Bitcoin ETFs faced $812 million in outflows, marking the second-largest single-day loss in history, while Ether ETFs experienced a $152 million outflow, ending a 20-day inflow streak. Spot Bitcoin ETFs now have cumulative net inflows at $54.18 billion, with total assets under management at $146.48 billion. Fidelity’s FBTC accounted for the largest outflow, with $331.42 million, followed by ARK Invest’s ARKB at $327.93 million. Meanwhile, crypto exchange Gate has launched spot trading services in the U.S., a significant move fueled by improved regulatory clarity, offering various crypto trading pairs and plans for fiat on- and off-ramps. Additionally, venture capital firm Andreessen Horowitz warned U.S. senators about potential loopholes in the latest draft crypto regulation, expressing concerns that the proposed framework could compromise investor protections. They urge for significant revisions to address core issues in crypto legislation.

Source 🔗