Decline in Bank Crypto Holdings as Firms Shift to ETPs
Global banks are moving away from spot cryptocurrencies, now holding only 2.46% in such assets.
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Global banks are moving away from spot cryptocurrencies, now holding only 2.46% in such assets.
Investors have withdrawn $3.8 billion over three weeks amid Bitcoin's largest drop amidst security concerns and changing market conditions.
Last week's influx of $5.95 billion into cryptocurrency investment products marks a new record, propelled primarily by Bitcoin amidst concerns over a potential US government shutdown.
After four weeks of losses, cryptocurrency exchange-traded products experience a significant recovery with $1.07 billion in new investments, and XRP celebrates a record week.
Grayscale has successfully integrated regulated crypto staking into mainstream finance, giving traditional investors access to staking yields.

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