$BTC once traded near $61k during Asia hours. As of now, $BTC is trading at $63,861 and $ETH is trading at $1,770. Bitcoin dominance stands at 59.49%.
Professional investors reduced their U.S. spot Bitcoin ETF holdings by 17% in Q1, with hedge funds and brokerages accounting for the vast majority of the selling as Bitcoin fell 22% during the quarter. Meanwhile, investment advisors remained relatively steady and banks increased their exposure, suggesting the pullback was driven primarily by tactical and trading-oriented investors.
A few other headlines include: JPMorgan and Citi planning a new tokenized deposit system, Plume and EtherFi launching a $100 million RWA vault for institutional yield, and Coinbase announcing the successful origination of the first mortgage backed by Fannie Mae and collateralized by Bitcoin.
During the last 24 hours, the top three gainers were $HOME, $TEL, and $SIREN, while the top three losers were $ZEC, $LAB, and $GRASS.
