Ethereum Updates Today: Institutional Interest in Crypto Persists Despite Market Fluctuations
- FalconX acquires 21shares to expand trading and asset management, bridging traditional finance and crypto through ETP/ETF integration. - BitMine adds $83M ETH holdings (2.9% supply) despite $3.7B losses, aiming to secure 5% Ethereum supply via staking and equity raises. - BlackRock registers staked ETH trust to launch yield-bearing ETF, offering price exposure plus 3% annualized staking rewards via Coinbase Custody. - Robinhood/Susquehanna acquires LedgerX to enter prediction markets, countering Kalshi's
The institutional crypto sector witnessed a significant transformation as FalconX, a top digital asset prime broker, completed its purchase of 21shares, a trailblazer in crypto exchange-traded products. This transaction,
Institutional interest in Ethereum continued to rise as
Robinhood and Susquehanna International Group also broadened their presence in the crypto sector by securing a 90% ownership in LedgerX, a derivatives platform previously under FTX. [The deal, referred to as a “regulated infrastructure play”]
Nonetheless, the market continues to face headwinds.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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