The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
It's Friday! No Valentine's Day plans? No worries, we've got a crypto update you'll absolutely love.
In today's newsletter, an Abu Dhabi sovereign wealth fund discloses $437 million in Bitcoin ETF holdings, President Trump's memecoin surges 50%, the SEC acknowledges proposals for Grayscale's XRP and Dogecoin ETFs and more.
Let's get started.
Abu Dhabi bought $436.9 million worth of BlackRock's spot Bitcoin ETF IBIT in Q4, according to a 13F filing with the Securities and Exchange Commission on Friday.
President Trump's official memecoin surged nearly 50% over the last 24 hours to $23.93 — its highest level in two weeks — generating $3.4 billion in trading volume.
The SEC acknowledged NYSE Arca's 19b-4 filings for Grayscale's proposed conversion of its XRP and Dogecoin Trusts into spot ETFs late Thursday.
The SEC's Crypto Task Force met with Solana infrastructure company Jito Labs and VC firm Multicoin Capital to discuss integrating staking into ETFs, according to meeting notes from the regulator published Friday.
The investment arm of USDT stablecoin issuer Tether has acquired a minority stake in Italian football (soccer) giant Juventus, aligning with its goal of bringing digital assets mainstream.
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Disclaimer: This article was produced with the assistance of OpenAI’s ChatGPT 3.5/4 and reviewed and edited by our editorial team.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
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