Bitcoin ETP volumes grew in October amidst institutional demandBTC $11,900 (+1.9%) • ETH $368 (-2.8%) • XRP $0.24 (-1.5%)
Crypto exchange-traded products (ETP), institutional offerings that track the price of crypto assets like Bitcoin and Ethereum, saw their volumes increase by over 2.2% this month, as per a report by CryptoCompare. The data comes as institutional Bitcoin adoption was bolstered by last month’s $375 million BTC purchase by software firm MicroStrategy and Square’s $50 million Bitcoin bet this month. However, Grayscale, one of the only crypto firms to cater exclusively to accredited and retail investors, saw a drop in the values of its crypto offerings, indicating not all was well in the institutional crypto space. 📈 Trending … DeFi Tokens • Oracle Tokens • Biggest Gainers • Stablecoins More news ⏬Founder of DeFi’s Yearn.finance (YFI) just launched another Ethereum experimentYearn.finance (YFI) founder Andre Cronje is full of ideas, even after he managed to roll out one of the most successful crypto projects in history. Bitcoin’s ETF chances are improving as global crypto regulation increasesMuch crypto investor focus has been placed on decentralized finance over recent months. Here’s how Uniswap’s token launch has driven SushiSwap to irrelevancyDuring the course of the recent decentralized finance bull run, SushiSwap was one of the favored platforms amongst investors and farmers, as users could buy Sushi tokens and farm massive yields while also trading on a Uniswap-forked DEX. DeFi users deposit $100 million in stablecoins into Ethereum’s latest yield farmIt appears that even after a strong retracement, the decentralized finance (DeFi) space is far from dead. Why the crypto industry needs an EDGARIn just over ten years, crypto has gone from a white paper to a massive global innovation. Here’s why Bitcoin will boom in the “biggest overhaul” of financeThe development of Central Bank Digital Currencies (CBDC) has blossomed in the past few years, with countries like China in the advanced stages of its digital Yuan and Japan, Korea, and the US in their research phase for their respective fiat currencies. Featured event
Virtual Blockchain Conference BlockDown is back for a third edition this Halloween (Oct. 22-23) with a host of the blockchain world’s biggest and brightest stars lined up to deliver ground-breaking keynotes and spark informed and fierce debate on the industry. Whilst the virtual conference space has been saturated in recent months, BlockDown Conference has consistently delivered the best content and is a must for any avid crypto enthusiast. 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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