Over time, the approval of crypto ETFs in the U.S. could represent a similar disruption in market structure as the one seen in gold. It could shift the narratives around BTC (store of value) and ETH (crypto tech play) closer to a traditional investment asset. In other words, ETF investors may be following different narratives and demand functions (say, portfolio rebalancing or disposable income) to crypto native investors, the same way as Asian central banks buy gold for different reasons than traditional investors.
U.S. Government Begins to Sever Cambodia’s Huione Group from Financial System
The U.S. Treasury Department proposed cutting off the Cambodia-based Huione Group from the U.S. financial system, citing the cyber-crime help...
