Crypto News

Crypto asset manager 21Shares is set to liquidate two actively managed exchange-traded funds (ETFs) tied to bitcoin and ether futures amid a wider market downturn.The funds slated for liquidation are the ARK 21Shares Active On-Chain Bitcoin Strategy ETF (ARKC) and the ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY). Investors can trade shares until the market closes on March 27, with liquidation expected to take place “on or around March 28,” according to a press release.The actively managed ETFs, which have an expense ratio of 1% and 0.93%, respectively, are set to be liquidated as U.S.-listed spot bitcoin ETFs saw over $1.66 billion in outflows so far this month. The outflows come as cryptocurrency prices plunge. Bitcoin is down more...

Leverage Shares by Themes has launched a new exchange-traded fund (ETF) tied to the Nasdaq-listed cryptocurrency exchange Coinbase (COIN) stock despite a downturn in the crypto-related shares.The Leverage Shares 2X Long Coinbase Daily ETF (COIG) is designed to deliver twice the daily return of Coinbase’s stock price, offering traders an amplified exposure to the U.S.’s largest cryptocurrency exchange. The ETF, which carries an expense ratio of 0.75%, is listed on Nasdaq, according to a press release.The launch comes amid a significant cryptocurrency market downturn that saw bitcoin (BTC) drop by around 19% over the last three months, from over $105,000 to now stand at wrought $84,000. COIN shares saw even worse performance, losing nearly 42% of their value during the...

The price of TON has surged more than 20% over the last 24 hours to now trade above $3.45 and have a $8.14 billion market capitalization after French authorities returned Telegram founder Pavel Durov’s passport.The move restores Durov’s ability to travel freely and marks the end of a situation that had drawn concerns from privacy and free speech advocates. Durov, who co-founded Telegram, a messaging platform with nearly a billion users, has long been an outspoken advocate for privacy and secure communication.Read more: TON Down 14% as Telegram CEO Pavel Durov Arrested in FranceThe TON Foundation, which supports the Telegram Open Network (TON), celebrated the moment on social media. “As part of the decentralized TON community, we have stood in...

JellyJelly is a new podcasting app with a Solana meme coin attached to it, and it has built a sizable community quickly.Source link

Bitcoin follows strength in gold despite weak stocks. ’No limit’ to size of strategic BTC reserve. CZ denies rumours of Trump stake in Binance US. HYPE bounces as it adds 20% margin requirement. S & SEI lead alts after large TVL increases. WLFI completes token sale for $550m. Vote to reduce SOL’s inflation fails to pass. Russia using crypto to bypass oil sanctions. 3AC increases claim on FTX, jeopardises re-org. Vermont drops staking case against Coinbase. Stablecoin market cap reaches ATH $235.7bn. US seizes $86m crypto linked to Silk Road ops. Coinbase Ventures to lead Base on Echo platform.Source link