Maturity Underscores the Crypto Market

Hashdex is expected to launch the world’s first spot XRP ETF following approval from the Brazilian regulator. This comes as the SEC reviews a series of applications for XRP ETFs filed in recent weeks. The SEC is also reviewing a flurry of ETF applications including SOL, ETH staking, and combo BTC and ETH ETFs, in recent weeks. 

SEC acknowledges 21Shares' proposal to permit staking on Ethereum ETF | The Block 

Franklin Templeton follows Hashdex in launching spot Bitcoin and Ethereum combo ETF | The Block 

SEC acknowledges spot XRP and Litecoin ETF filings from CoinShares | The Block 
 

Bitcoin ETFs saw more than $550 million in outflows last week despite range-bound markets.  

Source: Investing.com

In Corporate Treasury and State Reserve news  

Metaplanet announced an increase in its bitcoin holdings by 68 BTC, to a total of 2,100 BTC. The most recent purchase occurred at an average price of $96,335 per coin and comes as the Japanese yen strengthened more than 5% against the dollar, following the Bank of Japan raising interest rates and improving economic data.  

The state of Utah’s Bitcoin Reserve Bill advanced to the Senate Revenue and Taxation Committee on Tuesday after passing eight votes to one in the House in January. The bill would authorize the state treasurer to allocate up to 5% of public funds for investment in qualifying digital assets with an average market cap of over $500 billion over the preceding 12 months and would take effect May 7 if enacted.  

Strategy purchased another 20,356 Bitcoin for about $2 billion, bringing its total holdings to 499,096 BTC. The purchases occurred at an average price of $97,514 per bitcoin and followed the company’s latest $2 billion zero-coupon convertible note offering. 

Other News 

Google Set to Revolutionize Cryptocurrency Access with Bitcoin Wallet Integration 

USDC and EURC Become First Stablecoins Recognized by Dubai International Financial Centre 

DekaBank Debuts Crypto Trading, Custody Services for Institutional Clients: Bloomberg 

Week Ahead

Data this week is skewed towards the second half of the week, with Friday being the biggest day for inflation and GDP data out of the majors. Geopolitical headlines, primarily driven by President Trump, will continue to dominate in the meantime.  

Source: Trading View

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