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Major cryptocurrencies surged following softer-than-expected U.S. jobs data, fueling speculation of potential Federal Reserve rate cuts. Bitcoin rose 1.5% to $64,340, Ethereum gained 3% to $3,184, and various altcoins, including BNB, Solana, XRP, Dogecoin, Toncoin, Shiba Inu, and Polkadot, also saw increases.
Bitcoin declined on Thursday after the US Federal Reserve decided to maintain interest rates unchanged and its indication that rate cuts might be delayed.
The $9 billion Fidelity Wise Origin Bitcoin Fund (FBTC) saw a 1.1% discount while the $2.5 billion ARK 21Shares Bitcoin ETF (ARKB) and the $2 billion Bitwise Bitcoin ETF (BITB) both closed with discounts of more than 1.4%, also the biggest on record for each.
An executive at spot bitcoin ETF issuer BlackRock has revealed sovereign wealth funds are showing interest in bitcoin—and could begin trading in coming months...
These debuts mark the first launch of spot cryptocurrency ETFs in Asia, coming just three months after the U.S. introduced its first ETFs to track spot bitcoin.