📉 Paul Krugman's Controversial Departure from The New York Times

👋 This week, Paul Krugman, the renowned American economist and Nobel laureate, officially retired from his position as an opinion columnist for The New York Times. His departure sparked a flurry of criticism on social media, with many users accusing him of consistently failing in his economic predictions.

🗓️ On December 6, 2024, The New York Times announced Krugman's retirement in a post on X, stating,

After nearly 25 years as an Opinion columnist, Paul Krugman is retiring from The Times.

However, the reactions were largely negative, with critics labeling him as one of the least effective economists of our time.

📊 Despite his significant contributions to international trade theory and macroeconomics, Krugman often faces backlash for his shifting viewpoints and overtly political stance. Detractors argue that his support for interventionist policies overlooks potential long-term consequences, such as increasing debt and market disruptions.

💬 In a 2015 roundtable discussion, Krugman ridiculed bitcoin (BTC), calling it a

purely self-fulfilling prophecy.

This sentiment was echoed by many on X following his retirement announcement. One user wrote,

A shill who spent his life justifying to the public why the mass murdering government needs a domestic imperialist economic regime to control them retires, yay.

Another bitcoin supporter simply stated,

Good riddance.

📉 Krugman's history of misjudgments includes his infamous 1998 comparison of the internet to the fax machine, which he claimed had similar economic significance. This perspective has since been ridiculed as the internet emerged as a major driver of economic growth. He also miscalculated interest rates, fiscal policy, and inflation, which he predicted would be temporary, and underestimated the impact of globalization on U.S. wages.

🗣️ Critics on X did not hold back, with one user bluntly stating,

Dude is a first class a-hole and was wrong more often than right. Good riddance.

Another commented,

The dude is financially illiterate.

One commenter summed up the sentiment by saying,

Paul Krugman has lived in an alternative universe, [a] fantasy world for most of his adult life. Almost nothing he says is based on our lived experience except 'I quit.'

💔 Krugman has been a vocal critic of bitcoin, often likening it to Ponzi schemes and dismissing it as a

bubble

fueled by libertarian ideology. Despite his skepticism, the crypto economy has continued to grow, challenging his assertions about its lack of utility. His history of incorrect predictions, particularly regarding bitcoin and the internet, raises questions about his enduring popularity among Democrats.

🗣️ Roger Stone Advocates for Roger Ver's Presidential Pardon

🌐 Roger Stone, a seasoned political strategist and advocate for libertarian principles, has publicly expressed his support for cryptocurrency pioneer Roger Ver. This endorsement was featured on his website, Stonezone, where he highlighted an editorial by Aaron Day that calls for Ver's presidential pardon.

📜 Ver, often referred to as "Bitcoin Jesus" due to his early and passionate support for cryptocurrency, is facing a potential 109-year prison sentence. Prosecutors claim he engaged in wrongdoing, despite evidence showing that he diligently followed his lawyers' advice while navigating the complex regulatory environment of cryptocurrency. This case raises significant concerns about the erosion of attorney-client privilege, a fundamental aspect of the legal system.

💡 Day's editorial, published on Stonezone, emphasizes Ver's significant contributions to the cryptocurrency industry and the philosophy of individual freedom. Ver was the first merchant to accept bitcoin (BTC) and has invested in numerous blockchain ventures, demonstrating his commitment to challenging centralized financial systems. Stone's endorsement of this editorial highlights the broader issues of government overreach and its chilling effect on those who oppose the status quo.

⚖️ In his commentary, Day frames his support for Ver within the context of natural rights and the non-aggression principle (NAP). He draws parallels between Ver's past challenges, including a prison sentence for selling legal goods on eBay, and his current situation, portraying him as a victim of systemic efforts to suppress dissent against state control over money.

🚨 The editorial warns that prosecuting Ver could set a dangerous precedent. If seeking professional legal advice can be used as grounds for prosecution, it threatens to undermine fundamental liberties for entrepreneurs and anyone who relies on the guidance of attorneys and accountants.

🔍 By featuring this issue on Stonezone, Stone encourages his audience to reconsider the implications of Ver's case for the cryptocurrency industry and the broader principles of justice and individual freedom. The case against Roger Ver transcends the realm of cryptocurrency; it challenges the integrity of legal protections against government intervention. Stone's support highlights the importance of upholding liberty, due process, and ethical consistency.

📺 Stone's spotlight on Ver's story comes shortly after Ver's appearance on The Charlie Kirk Show and his discussion with Tucker Carlson. Carlson described Ver's journey as ^^one of the craziest stories^^ he's ever heard and expressed his support for the pioneering crypto advocate.

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💰 Crypto ETFs Propel Industry to New Heights

📈 Bitcoin and ether ETFs, approved in January and July respectively, have significantly contributed to the crypto industry's record-breaking year. Global exchange-traded funds (ETFs) saw an average of $4 billion in daily inflows, culminating in a historic total of $1 trillion in annual inflows for 2024, as reported by Opening Bell Daily.

🚀 This remarkable performance can be attributed to the launch of 666 new ETF products this year, record inflows, and the introduction of spot bitcoin (BTC) and ether (ETH) ETFs in the U.S. While crypto ETFs are not the largest funds and did not have the highest inflows, the hype surrounding the approval of bitcoin and ether ETFs has provided unprecedented support to the industry.

Three-decade old products typically do not see numbers like that

according to Opening Bell Daily. Other notable non-crypto ETF launches, such as Grantham Mayo Van Otterloo's (GMO) highly anticipated fund and Blackrock’s Total Return ETF (BRTR) led by bond expert Rick Rieder, also contributed to this success. However, the historic approval of the first-ever U.S. spot bitcoin ETF in January stands out as a remarkable achievement for the industry this year.

🎉

Bitcoin ETFs broke every conceivable record out there

said Bloomberg ETF Analyst Eric Balchunas in an interview.

They are already at 1.1 million bitcoin held.

Blackrock’s Ishares Bitcoin Trust (IBIT) has emerged as the most successful among spot bitcoin ETFs, amassing an astonishing $54 billion in assets and holding nearly 531,000 BTC, which represents over 2.5% of the entire supply. The fund reached the $50 billion milestone in a record 227 days, a feat that typically takes four to five years.

💪 Currently, all spot bitcoin ETFs combined hold just under $114 billion in assets, while ether ETFs account for a little over $13 billion. The approval of these crypto ETFs has not only boosted their respective markets but has also revitalized the entire ETF industry.

💱 Ripple's RLUSD Stablecoin Launches on Uphold: Enhancing Value for XRP Investors

🚀 Uphold, a prominent Web3 financial platform, has announced the full accessibility of Ripple's new USD-backed stablecoin, RLUSD, starting December 18. This launch marks a significant step for Ripple as RLUSD will be integrated into Uphold's Rewards Center program in January 2025, allowing users to earn incentives for holding the stablecoin.

🗣️ Simon McLoughlin, CEO of Uphold, expressed the company's support for Ripple's innovation:

It’s no secret that we’ve been big supporters of the XRP community, and the innovation Ripple has brought to the industry.

He added,

RLUSD is poised to play a significant role in the evolution of digital payments, enterprise finance, and beyond.

🔒 RLUSD is issued under the New York Trust Company Charter and approved by the New York Department of Financial Services (NYDFS). It is backed 1:1 by USD reserves with monthly third-party audits for transparency. Designed for institutional and cross-border use, RLUSD features enterprise-grade security and independently audited smart contracts.

💪 McLoughlin emphasized the added value for Uphold users:

By adding RLUSD to the Uphold Rewards Center, we’re able to offer the XRP community additional value when they hold RLUSD in their Uphold wallet.

Uphold users will enjoy benefits such as 5% rewards on RLUSD holdings, exclusive cryptocurrency insights, and early access to new tokens. Rewards can be earned by completing tasks on the Uphold app, and users who have unlocked all three levels in the Rewards Center will receive a 24-hour early access period to RLUSD.

🌍 Uphold operates in over 140 countries and is known for its transparency, providing real-time updates on reserves and liabilities every 30 seconds. The platform is committed to safeguarding customer assets in the fast-evolving digital asset industry.

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🗓️ Arthur Hayes Predicts Crypto Market Dip Around Trump's Inauguration

📉 Arthur Hayes, the co-founder of Bitmex, has forecasted a significant downturn in the cryptocurrency markets coinciding with President Trump's inauguration day. He describes this potential event as a "harrowing dump" but anticipates a rebound in prices before the latter half of 2025.

Hayes believes that the recent growth of the crypto market could be wiped out by inauguration day due to a "sell-the-news" phenomenon.

🗣️ In his latest commentary titled "Trump Truth," Hayes elaborates on Trump's likely strategy to devalue the U.S. dollar against gold to attract companies back to American soil. This devaluation would increase the dollar money supply, potentially driving bitcoin to new heights in the long run.

However, Hayes expresses skepticism about the possibility of a strategic bitcoin reserve being approved in the U.S. after this anticipated devaluation.

🗓️ He points out that lawmakers will be preoccupied with their campaign responsibilities leading up to the 2026 midterm elections, which limits Trump's window to implement measures to address the current economic challenges.

Hayes warns that this situation could lead to "buyers' remorse" among investors, resulting in a "vicious sell-off in crypto and other Trump 2.0 equity trades."

📉 Hayes, who has a vested interest in the market, indicates that his firm, Maelstrom, plans to reduce its crypto exposure. They aim to repurchase these assets at lower prices during the first half of 2025.

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⚽ Press Chief of Argentine Soccer Team Vanishes Amid Crypto Scandal

🕵️‍♂️ Matías Centurión, the press chief of Estudiantes de Río Cuarto, an Argentine second-division soccer team, has disappeared after allegedly defrauding the team of millions through a cryptocurrency investment platform. He was last seen on December 18 at a team event before deleting all his social media accounts and vanishing.

💰 Centurión reportedly used his position to promote Cryptodefi, an Ethereum-based decentralized finance platform that promised investors monthly yields of 5%. To gain the team's trust, he secured sponsorship for Cryptodefi, which was prominently displayed at games. Initially, he fulfilled the yield payments without issue, likely due to new investors joining the platform.

📉 However, in December, as the club faced relegation and players considered leaving, Centurión struggled to return the invested capital. This situation has been reported by the Attorney General’s office, which is currently searching for him.

🚨 Cryptocurrency scams have become increasingly prevalent in Argentina, with many falling victim to similar schemes. Recent months have seen significant Ponzi schemes affecting entire communities, some even using the image of soccer star Lionel Messi to attract investors through deepfake technology.

👮‍♂️ In response to the rise in crypto-related fraud, Argentina's Security Ministry has added these Ponzi schemes to the list of activities that will be monitored by police forces. Authorities have emphasized that “unauthorized financial intermediation through the use of crypto-assets” will be a focus of preventive measures.

💰 Bitcoin's Potential Surge: A $500,000 Future?

📈 Bitcoin's price could soar to $500,000 if governments start viewing it as a strategic reserve. This comes amid increasing demand from ETFs, corporations, and institutions that is outpacing its limited supply. Matt Hougan, chief investment officer at Bitwise Asset Management, expressed a bullish outlook during a recent interview on Yahoo Finance. He predicted that Bitcoin could exceed $200,000 by the end of next year due to strong demand drivers.

We expect bitcoin to be up above $200,000 by this time next year. There are just three irrepressible sources of demand driving the market.

Hougan emphasized that ETFs, companies like Microstrategy, and even governments are increasingly acquiring bitcoin. He stated,

At the end of the day it comes down to supply and demand. There’s too much demand, not enough supply, and so I think the price goes higher in 2025.

🌍 He noted that interest in Bitcoin is growing across various sectors at different speeds.

Bitcoin is now a global macro asset. It’s a few trillion dollars — pretty much every investor should have some and we still have a large number of investors to go.

Initially, retail investors led the charge, followed by companies and financial advisors. Now, institutional players are beginning to engage, recognizing Bitcoin’s permanence and portfolio potential.

🚀 Speculating on Bitcoin’s future, Hougan suggested that government involvement could drive prices even higher. He referenced a proposal by Senator Cynthia Lummis advocating for the U.S. government to purchase one million bitcoins. He remarked,

If we do get a bitcoin strategic reserve where the government is buying bitcoin, $200,000 bitcoin is going to be looking quaint. You’re going to be looking at three, four, $500,000.

🌐 Although initially skeptical of the concept, Hougan acknowledged growing interest from global leaders and former U.S. officials. He concluded that while the chances may be below 50%, the possibility is real and could send bitcoin soaring further.

🌟 Crypto Chronicles: 5 Transformative Events That Shaped the Industry in 2024

🎯 Bitcoin Surges Beyond $108K Amid Unprecedented Growth
The crypto industry in 2024 was marked by groundbreaking milestones, with bitcoin soaring past $108,000, its highest level ever. The year also saw spot bitcoin and ether ETFs gaining traction, meme coins exploding in popularity, and Bitcoin’s fourth halving shaping market dynamics.

1️⃣ SEC Approves Spot Bitcoin and Ether ETFs
The year began with the U.S. SEC approving 11 spot bitcoin ETFs in January, drawing massive institutional interest. By July, nine ether ETFs debuted, amassing $2.64 billion in inflows. As of now, the 12 bitcoin ETFs hold $106.40 billion in BTC, representing 5.69% of bitcoin’s market cap. The approvals catalyzed institutional demand, with BlackRock’s Ishares Bitcoin Trust (IBIT) becoming a standout success.

2️⃣ Trump Champions Crypto and Fuels Bitcoin’s Rise
In a surprising turn, Donald Trump, the 47th U.S. President, expressed support for crypto, declaring the U.S. as a future “crypto superpower.” His reelection in November triggered a “Trump Pump,” propelling bitcoin past $100,000. Trump attributed the rally to his policies, amplifying optimism in the crypto community.

3️⃣ Bitcoin’s Fourth Halving Tightens Supply
On April 19, 2024, Bitcoin underwent its fourth halving, reducing miner rewards to 3.125 BTC. While enhancing bitcoin’s scarcity appeal, the event also squeezed miner revenues, prompting shifts toward energy-efficient mining and AI data hosting. The introduction of the Runes protocol further diversified bitcoin’s ecosystem.

4️⃣ Meme Coins Dominate Market Buzz
Meme coins captured imaginations worldwide, driven by platforms like Pump.fun and a growing sense of community. The meme coin economy grew by $80 billion, with tokens like DOGE, Pepe, and GIGA leading the charge. Combining humor with creativity, meme tokens became 2024’s breakout stars, delivering unexpected financial gains.

5️⃣ AI-Powered Cryptocurrencies Gain Traction
The rise of AI-driven cryptocurrencies redefined blockchain possibilities. Projects like GOAT on Solana combined AI branding with crypto innovation, reaching a market cap of $1 billion. These developments underscored the synergy between AI and blockchain, paving the way for new decentralized infrastructures.

🚀 Looking Ahead to 2025
The transformative events of 2024 set the stage for continued growth and innovation in the crypto space. From the surge of meme coins to the institutional adoption of ETFs, the future looks bright for blockchain technologies. As AI-driven cryptocurrencies gain momentum, 2025 promises to redefine the boundaries of the digital asset ecosystem.

💰 Bitcoin Surpasses $98,000 as Cryptocurrency Market Sees Gains

📈 On January 3, 2025, bitcoin's value surged past the $98,000 mark, leading to a 2.52% increase in the overall cryptocurrency market within the last 24 hours. While bitcoin made significant strides, dogecoin (DOGE) and cardano (ADA) captured the spotlight among the top digital assets.

💲 The total market capitalization of the crypto sector reached an impressive $3.48 trillion as the weekend approached. All ten leading cryptocurrencies recorded gains on Friday. Bitcoin (BTC) rose by 1.2%, crossing the crucial $98,000 threshold, while ethereum (ETH) outperformed it with a 3.7% increase. XRP also saw a gain of 2.06%.

🚀 Solana (SOL) showed strong performance with a 5.7% rise during the day, and BNB had a more modest increase of 1.12%. Dogecoin (DOGE) stood out with an impressive 11% surge, trading at $0.375 per coin, making it the seventh-largest cryptocurrency by market capitalization. Cardano (ADA) also excelled with a remarkable 13.63% appreciation over 24 hours, securing its position as the ninth-largest crypto asset.

📊 USDC currently holds a market capitalization of $45.13 billion, with ADA trailing at $38.07 billion. Tron (TRX), now the tenth-largest digital currency, experienced a 2.26% uptick. Among the top performers on Friday, SPX—a meme coin—achieved an astonishing 32.77% increase, followed by SNEK and GIGA with rises of 24.48% and 19.73% respectively. Fartcoin (FARTCOIN) also made notable gains with a rise of 17.46%.

📉 However, not all digital assets fared well; ftx token (FTT) declined by 6.60%, GOAT fell 6.08%, and VIRTUAL dropped by 5.4%. The PENGU token also saw a contraction, recording a 2.39% loss during the trading day.

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🌍 Ripple’s Survey Signals Massive Blockchain Payment Adoption Across Middle East and Africa

💳 Ripple’s Managing Director for the Middle East and Africa, Reece Merrick, highlighted the increasing role of cryptocurrency in payments, referencing insights from Ripple’s 2024 New Value survey in a post on social media platform X on Monday. “Nearly 2,000 leaders from global financial institutions and enterprises participated, including over 200 from the United Arab Emirates, Saudi Arabia, and Turkey,” he explained.

📈 Merrick revealed that the most cited application for blockchain technology among respondents in the MENA region was “enabling customers to make payments using blockchain-based currencies (52%).” He noted that “accepting payment in the form of blockchain-based currencies (47%)” ranked as the second most common focus for regional leaders. The executive also highlighted the increasing interest in digital asset markets, emphasizing that “buying/selling/trading other types of digital assets (e.g., other token types like tokenized securities or real-world assets) (42%)” emerged as a key priority for a notable share of respondents.

🔄 Reflecting the global push for more efficient international transactions, Merrick also pointed out that “Making cross-border payments in blockchain-based currencies (38%)” remains a priority for many institutions.

🚀 The executive reiterated last week Ripple’s dedication to expanding the digital asset landscape across the Middle East and Africa, emphasizing the UAE’s leadership in the crypto space. Highlighting progressive regulations, blockchain advancements, and stablecoin growth, he described the UAE as a global hub for digital assets. Merrick pointed to dirham-backed stablecoins and supportive legal frameworks as pivotal in streamlining cross-border payments and remittances. He also noted the rising importance of asset tokenization, with the GCC driving economic innovation. By 2025, Merrick predicts blockchain will be deeply integrated into MENA’s banking systems, transforming finance across Saudi Arabia, Bahrain, Qatar, and Morocco.

🚀 Senator Tim Scott Advocates for Crypto-Friendly Policies Amid SEC Leadership Change

💬 U.S. Senator Tim Scott (R-S.C.) has pledged to reverse the crypto policies of SEC Chair Gary Gensler, expressing support for Paul Atkins' nomination to a key financial regulatory position. In a statement on social media platform X, Scott criticized Gensler's approach, stating,

Paul Atkins’ extensive experience in financial regulation will be critical to reversing the harm Chair Gary Gensler has done to our capital markets and U.S. economy.

He added,

I look forward to working with my colleagues to quickly consider his nomination.

🗳 Atkins, a former SEC commissioner and cryptocurrency advocate, was nominated by President-elect Donald Trump to lead the SEC. Serving from 2002 to 2008, Atkins is known for his support of financial innovation and preference for lighter regulation. His nomination suggests a shift in the SEC's stance on cryptocurrencies, moving away from Gensler's strict enforcement. This change has been welcomed by crypto advocates who anticipate a more favorable regulatory landscape.

🌐 Scott has been a vocal proponent of cryptocurrency and has consistently advocated for policies that promote blockchain development in the U.S. He emphasized his commitment to creating a regulatory framework that prioritizes innovation, stating in December 2024,

Crypto has the potential to democratize the financial world. I look forward to working with President Trump, David Sacks, and my colleagues in Congress to develop a regulatory framework for digital assets that encourages innovation here in the United States, not overseas.

👥 Trump appointed David Sacks, a venture capitalist, as the White House’s first AI and cryptocurrency czar, signaling the administration's crypto-friendly agenda. This appointment represents a significant shift from Gensler’s stricter policies, which Sacks has criticized for stifling innovation and driving progress abroad.

📉 Gensler's tenure has been marked by increased scrutiny of the crypto sector, making him unpopular within the industry. During the Bitcoin 2024 conference in July, Scott remarked,

The Biden administration wants to impose a 30% tax on bitcoin mining. And SEC Chair Gary Gensler has shown hostility to the industry at every turn. We need a regulatory environment that encourages innovation here at home, not overseas.

He also highlighted Bitcoin's societal potential, stating,

Bitcoin is about bringing resources back into the communities that need it most and giving all Americans a chance.

Sacks’ advocacy underscores a push to position the U.S. as a leader in blockchain technology and financial innovation.

💰 Resurgence of Dormant Bitcoins: A $71 Million Awakening

📈 In the first 12 days of 2025, approximately 756.204 dormant bitcoins (BTC), valued at $71.8 million, have reentered circulation after years of inactivity. This revival occurs while bitcoin is trading 12% below its peak of $108,364, reached on December 17, 2024.

🗓 This month has seen the awakening of bitcoins from wallets established between 2011 and 2017, marking their first activity since their inception. According to btcparser, around 30 unique Pay to Public Key Hash (P2PKH) addresses facilitated this movement. Notably, no wallets from 2009 or 2010 have transacted this January. However, two wallets from 2011 transferred 35 BTC, and three wallets from 2012 moved approximately 69 BTC.

🔍 Of the 756.204 BTC that reactivated, 199.99 BTC came from two transactions originating in 2017, both executed on January 12, 2025. Evidence suggests that the same individual likely controlled both wallets. The first transaction involved a wallet created on March 23, 2017, which moved 100 BTC. Shortly after, 99.99 BTC was transferred from another wallet established on the same date. These transactions exhibited limited privacy due to identifiable matched addresses.

📊 This year alone, 421.793 BTC has been spent from dormant 2017 addresses. The second-highest volume of awakened BTC originated from 2015 P2PKH wallets, with four transactions moving 92.46 BTC. Additionally, three wallets from 2013 accounted for 16.001 BTC, four wallets from 2014 transferred 79.98 BTC, and three addresses from 2016 moved 41.97 BTC.

🔄 The reactivation of dormant bitcoin wallets reveals an intriguing pattern of long-held assets reentering circulation. These movements suggest a deliberate strategy, possibly tied to market conditions or personal milestones. This highlights the nuanced relationship between historical bitcoin ownership and contemporary blockchain activity.

📈 Cryptocurrency's Rising Popularity Among Americans

📊 A recent survey conducted by Chainplay and Storible reveals a significant increase in cryptocurrency ownership among Americans, with 68% now holding digital assets. The survey highlights a shift in financial strategies, as 52% of respondents have sold traditional investments like stocks and gold to invest in bitcoin. Additionally, 20% of U.S. residents allocate over 30% of their investment funds to cryptocurrencies.

💼 This growing interest in digital assets coincides with anticipated changes in U.S. policy under President Elect Donald Trump's second administration. Since his re-election, Trump has appointed pro-crypto individuals to key cabinet positions, which is believed to have contributed to bitcoin's recent surge to an all-time high. The survey indicates a spike in cryptocurrency adoption following November 5, 2024, aligning with these political developments.

A major catalyst for this surge was President Trump’s election, which encouraged 38% of Americans to increase their investments in crypto. Among those who increased their portfolios following these events, 84% are first-time buyers, showing that political milestones are effectively attracting a new wave of crypto investors

the survey report said.

👨‍👩‍👧‍👦 Furthermore, 64% of crypto-owning Americans have recommended cryptocurrencies to family members. Looking ahead, 60% of respondents expect to double their crypto holdings by 2025, and 77% plan to purchase more cryptocurrencies in the same year. This indicates a strong trend towards increased adoption of digital assets.

🐶 The survey also reveals a high appetite for memecoins among American investors, with 51% allocating more than 30% of their crypto portfolios to these assets. Overall, the findings suggest that cryptocurrencies are becoming an integral part of Americans' investment portfolios.

💰 Friday's Crypto ETF Surge: A Shift in Institutional Engagement

📈 Friday's trading session witnessed a significant influx of $979.22 million into 10 of the 12 spot bitcoin exchange-traded funds (ETFs), while spot ethereum ETFs attracted $23.87 million. This marks a notable shift in institutional interest towards digital assets.

In the bitcoin ETF domain, Blackrock’s IBIT emerged as the dominant recipient, attracting $375.92 million in capital allocations.

Fidelity’s FBTC followed with an impressive addition of $326.26 million. Bitwise’s BITB garnered $208.07 million, while Grayscale’s Bitcoin Mini Trust secured $21.82 million in inflows. Grayscale’s primary GBTC fund recorded an additional $20.76 million in inflows.

💵 Approximately $5.44 billion in trades were executed across the spot bitcoin ETFs on Friday, with the combined holdings of these 12 funds now reaching $120.95 billion in bitcoin reserves—representing 5.84% of the cryptocurrency’s total market capitalization.

The influx of capital into both bitcoin and ethereum ETFs underscores a deepening interest from institutional players,

further embedding these vehicles as pivotal conduits between traditional finance and the burgeoning cryptocurrency sector. The accumulation of reserves not only signifies confidence in digital assets but also highlights their growing integration into mainstream financial portfolios.