Summary
TLDR: Bitcoin and Ether prices surged, with investment products seeing positive inflows. Bitcoin products received $569.5 million, while Ether products received $16.8 million. The iShares Bitcoin Trust surpassed $1 billion in value traded. Representative Shri Thanedar sold between $365,000 and $800,000 of cryptocurrencies. Optimism about an Ether spot ETF potentially being approved in May is fueling Ether’s rally. Coinbase supports Grayscale’s bid to convert the Grayscale Ethereum Trust into an ETF.
Key Points
1. Bitcoin surged to $54,446, reaching a high not seen since November 2021, with Ether also on the rise surpassing $3,180.
2. Equities were mixed with the S&P 500 losing around 0.2% and the Nasdaq Composite remaining flat.
3. Investment products for Bitcoin and Ether saw significant inflows, with Bitcoin products raking in $569.5 million and Ether products gathering $16.8 million.