$BTC is slightly down with no dominant headlines. As of now, $BTC is trading at $117,950 and $ETH is trading at $3,793. Bitcoin dominance stands at 61.50%.
The SEC approved in-kind redemptions for spot Bitcoin and Ethereum ETFs, allowing authorized participants to exchange ETF shares directly for crypto instead of cash—potentially improving efficiency and reducing costs. It also acknowledged BlackRock’s proposal to enable staking within its Ethereum ETF, initiating a review process that could set a precedent for yield-generating ETFs.
A few other headlines include: Kraken is raising approximately $500 million at a $15 billion valuation; eToro announced plans to launch tokenized U.S. equities as ERC-20 tokens on Ethereum; and Saylor's Strategy acquired another 21,021 BTC after raising $2.5B through its 'Stretch'.
Over the past 24 hours, the top three gainers were $ZBCN, $B, and $PUMP, while the top three losers were $TKX, $BONK, and $ENA.
