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U.Today – Stay informed about the latest news in the world of cryptocurrency with our top three stories from the past day.
ETFs See $10 Billion Traded in Just Three Days, Ripple and Hedera Leaders Meet for Groundbreaking Chat, Robinhood Adds Billions in SHIB.
ETFs: $10 Billion Traded in Just Three Days
Bitcoin ETFs have seen a remarkable increase in trading volume, with a total of $10 billion being traded over a three-day period. According to ETF analyst James Seyffart, Grayscale Bitcoin Trust (GBTC) leads with a trading volume of $5 billion, followed by iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC) with $1.995 billion and $1.468 billion, respectively. This spike in trading activity indicates a growing comfort among both institutional and individual investors in trading Bitcoin through traditional investment vehicles. ETF analyst Eric Balchunas also took notice of Seyffart’s post and compared the trading volume of Bitcoin ETFs to all ETFs launched in 2023, with the former surpassing the latter by a significant margin. Balchunas described this volume as “insane.”
Crypto Leaders Meet for Groundbreaking Chat
Max Walker-Williams, founder of Utopian Lab, recently conducted an interview on X platform with Ripple CEO Brad Garlinghouse and Hedera co-founder Dr. Leemon Baird. The two industry leaders came together to discuss the future of cryptocurrency. This collaboration is a significant milestone for the industry, indicating the potential for increased cooperation and unity. During the interview, Walker-Williams brought up the topic of increased collaboration within the industry, with Garlinghouse emphasizing the importance of such partnerships. Baird also expressed his enthusiasm for discussing tokenization on X social media network.
Robinhood Adds Billions in SHIB to Holdings
Data from Arkham Intelligence shows that Robinhood has recently added a significant amount of Shiba Inu tokens to its holdings. SHIB enthusiast Lola (@CryptoLollla) shared on X platform that Robinhood’s SHIB stash has increased by billions in the past 24 hours. On January 16, Lola posted about Robinhood’s SHIB balance growing from 35 million to 36.454 trillion, with screenshots from Arkham Intelligence’s website as evidence. As of today, Robinhood’s SHIB balance stands at 36.656 trillion, indicating an addition of approximately 230 billion SHIB tokens in the past day.
This news was originally published on U.Today.
