The Daily: US Bitcoin ETFs witness record outflows, SEC approves first spot Bitcoin and Ethereum combo funds and more
2024-12-21
Category: None

It's Friday! In today's newsletter, U.S. spot Bitcoin ETFs witness record daily outflows, the SEC approves the first spot Bitcoin and Ethereum combo funds, the crypto market downturn continues and more.
Meanwhile, Deribit and Bitget CEOs debate how decentralized and centralized exchanges can coexist.
Plus, CoinDesk staffers wrote a letter to owner Bullish calling a Justin Sun story retraction "outrageous" ahead of leadership firings.
Let's get started.
US spot Bitcoin ETFs see record daily outflows
U.S. spot Bitcoin ETFs experienced a record $680 million worth of net outflows on Thursday, breaking a 15-day, $6.7 billion streak of positive flows.
SEC approves first spot Bitcoin and Ethereum combo ETFs
The SEC approved filings from the Nasdaq and Cboe BZX Exchange to list and trade shares of crypto index ETFs from Hashdex and Franklin Templeton, respectively.
Crypto market downturn continues
The cryptocurrency market continued to drop sharply following Fed Chair Jerome Powell's hawkish remarks on Wednesday about slower projected rate cuts in 2025.
Japan's Metaplanet raises $61 million via bonds to buy more bitcoin
Japanese investment firm Metaplanet has raised another $60.6 million through two bond issuance tranches to buy more bitcoin.
Copper withdraws application to register with UK financial regulator
Crypto custody firm Copper has withdrawn its UK registration application with the country's Financial Conduct Authority and is shifting its focus to international hubs like Switzerland, Hong Kong and Abu Dhabi, according to Bloomberg.
Looking ahead to next week
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Disclaimer: This article was produced with the assistance of OpenAI’s ChatGPT 3.5/4 and reviewed and edited by our editorial team.
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