Cantor fitzgerald crypto play, etf inflows highlight industry’s big sentiment shift
The first 90 days of US president Donald Trump became compassionate -pity on bitcoin (Btc) and the broader cryptocurrency industry. Despite the positive regulatory development, the end at first White House Crypto Summit On March 7, the prices of digital ownership were dragging the waves of trade war and fear of retreating.
However, Crypto saw a huge shift of sentiment this week amid reports that Trump was backed off in his entire tariff war scale against China. It also didn’t hurt that Trump’s media empire, Trump Media and Technology Group, Inked a deal on crypto.com For the upcoming made in America Exchange-Traded Funds (ETF).
This week’s Crypto Biz Newsletter covers the revised flow to Bitcoin ETFs, a potential crypto adventure supported by Cantor Fitzgerald, and the possible pursuit of Coinbase’s pursuit of a federal banking charter. It wraps up a look at Tesla’s decision to hold Bitcoin’s position despite a failing quarter.
Bitcoin ETFs have seen the greatest flow since January
The capital is flowing back In US spot bitcoin ETFs, which features a positive transfer of emotion to institutional investors.
According to Glassnode data, 11 spots Bitcoin ETF registered $ 381.3 million in net inflows on April 21, with Ark21shares Bitcoin ETF accounting for nearly a third of the total.
One day later, 11 funds were registered $ 912.7 million in net inflows, the largest since January when Bitcoin traded at all times. The funds of Ark21shares, Fidelity and Blackrock Bitcoin saw the largest flow on April 22th.
While billiards flowing back to Bitcoin ETFs, BTC prices rose back to $ 94,000 on April 23, pushing the total cryptocurrency market cap near the $ 3 trillion mark again.
Cantor Fitzgerald supports $ 3B Crypto Venture: Report
Cantor Fitzgerald has been reported talking to Softbank, Tether and Bitfinex at Establish a $ 3 billion crypto acquisition company Called 21 capital.
According to an April 23 report of the Financial Times, the new company aims to be capitalized in the desired crypto environment in the United States following the election of President Donald Trump’s presidential election. It also aims to emulate the success of the approach, the firm of business intelligence became Bitcoin Bank with more than 534,000 BTC.
The report suggested that Stablecoin Issuer Tether contributes $ 1.5 billion to the new adventure. Softbank is expected to add $ 900 million and Bitfinex is another $ 600 million.
21 Capital has been reported to be looking at another $ 350 million above through convertible bonds with a $ 200 million private equity placement. The proceeds have been reported to be used to buy Bitcoin.
Coinbase weighs the US banking license
Coinbase considers applying for a United States Federal Bank CharterPotential signal is the purpose of the cryptocurrency exchange to switch to traditional banking services.
A spokesman for Coinbase confirmed to the Cointelegraph that the exchange considers this option, but the reasons why are not detailed.
“This is something that is actively considered by Coinbase but has not yet made a formal decision,” the spokesman said.
A US Federal Bank Charter is significant as it allows licenses to perform major banking activities, including obtaining deposits and lending. For crypto exchanges such as Coinbase, getting such a charter can represent a key step toward integrating traditional banking into digital assets.
Tesla Hodls Bitcoin in spite of the revenues that have fallen
Electrical vehicle manufacturer Tesla reported the failure of first-quarter income this week but selected Hold investments in its bitcoinSigns that the Elon Musk company is still seeing significant reversal of digital asset prices.
Tesla’s net revenue dropped 71% in the first quarter, with income falling 9% and automotic sales were 20% years over the year.
The failure of Tesla’s income features ignorance of business and political mixing, with the results partially linked to the Musk role in Trump’s White House.
Despite the income, Tesla is held stable in the position of the digital asset, maintaining 11,509 BTC – unchanged since 2022. At current prices, the stake costs only under $ 1.1 billion.
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