Bitcoin ETP volumes surge as institutions jump into the BTC bull runBTC $17,750 (+0.5%) • ETH $478 (-0.3%) • XRP $0.29 (-3.1%)
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Institutional Bitcoin products are booming as the pioneer cryptocurrency sees bullish price action. A report shared with CryptoSlate from crypto research firm CryptoCompare found that the aggregate volumes for popular Exchange-traded Products (ETPs) surged 53% this year with several products demonstrating “above-market” returns. Of these, Grayscale’s popular Bitcoin Trust product surpassed $9 billion in market cap while 3iQ’s Bitcoin Fund (QBTC) experienced its highest returns over the last 30 days at 49.1%. Trending … 🚜 DeFi Tokens • 🔮 Oracle Tokens • 📈 Biggest Gainers • 💵 Stablecoins Featured videoUtrust CEO discusses why crypto payments reign in an uncertain economy
While the crypto market is currently chasing DeFi pumps and swap projects, much of the theme of the past five years was centered on cryptocurrencies as a payments solution to replace fiat (which is artificially inflated). More news ⏬This crypto fund just bought $10m in Chainlink (LINK) during last night’s flash dipWhat’s beautiful and kind of scary about DeFi is that everything is on-chain: if you know someone’s address, you can track their investments and their other interactions with the Ethereum ecosystem. 3 reasons Ethereum dropped much harder than Bitcoin in abrupt correctionWithin 30 minutes, on November 18, the price of Ethereum dropped 7.7% as Bitcoin also recorded an abrupt 6% drop. China’s Nervos launches own token standard to compete with EthereumNervos, one of China’s biggest blockchain and crypto projects, announced the launch of its own token standard, the sUDT, today as per a release shared with CryptoSlate. Why this incoming U.S. Senator just shilled Bitcoin to millions on national TVThe adoption of Bitcoin is taking place at an extremely rapid pace. This Ethereum-based DeFi token is up 3,000% in the past week aloneIt appears that “aping” into new decentralized finance (DeFi) coins is back in vogue with Bitcoin pumping, Ethereum moving towards its summer highs, and money moving right down the DeFi risk curve. Featured event - BlockDown Latam 2020
No 1 Virtual Conference BlockDown rolls into Latin America next Friday with an array of the best speakers covering the Latin American crypto industry. BlockDown Latam will host a Latino band offering a touch of South American flair, limited edition NFT’s with $3k of prizes to be won, plus educational masterclasses. BlockDown Latin America promises to be a celebration of all things Latam and crypto, and is not to be missed! Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🗞 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 the content within this article.
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