The market rallied in both Asian and US hours, with $BTC now trading at $66,829, up 2.9%. Early ETF data (4/22) suggests a potential net inflow, with low $GBTC outflows at $35 million.
It’s worth noting that at this level, persistent negative funding is evident in the rallied altcoins, with the $BTC funding fee also in negative territory.
Notable headlines include Grayscale’s new Bitcoin ETF setting the lowest fee in the US, two SEC lawyers resigning after a judge’s rebuke in an anti-crypto case, and FTX planning to auction off the rest of its locked Solana tokens.
With the rally, most cryptocurrencies traded in positive territory. The top gainers were $PEPE, $IMX, and $TAO, while the top losers were $MKR, $TON, and $WIF.