ETF delay disappointment triggers $55M outflow from digital assets – reports
Market reacts with disappointment to delayed ETF approval, leading to substantial outflows in digital assets.
The company will begin trading on Aug. 21 and has already opened deposits.
SEC set to approve first-ever ETFs based on Ethereum futures, signaling a new era for cryptocurrency integration into mainstream finance.
The bank worked with Fluent Finance on its US+ stablecoin in 2022 but did not seek Fed approval before beginning the project.
The SEC will need to file its motion for appeal by Aug. 18, while Ripple will need to file its opposition papers by Sept. 1. The SEC will need to file any reply by Sept. 8.
The Bitcoin version of USDT will soon be available on a new network called RGB.
While the exchange recently emphasized renewed focus on the Canadian market, those plans will not include a few flagship stablecoins.