Headlines from leading crypto outlets with a short Blockdeck Brief and how the market moved since. Every story credits its publisher.
Glassnode data cited in the headline suggests roughly 4 million bitcoin were acquired above $85,000, which could act as a ceiling on any recovery. The excerpt notes Bitcoin was trading near the average cost basis of U.S. spot ETF holders, a day after the Federal Reserve kept rates unchanged. Since the story was published, the coin's price has moved down 2.60%, from $81,500.20.
Franklin Templeton has launched two Bitcoin DRIP ETFs, FBEQ and FIBT, which began trading on the Nasdaq. The funds are designed to use dividends to buy Bitcoin. Since the story was published, Bitcoin has moved -2.66%, from 81,554.3 USD.
Switzerland's first genuine spot bitcoin ETF may soon draw in overseas banks and brokers, according to a CoinDesk report. The piece covers SIX Swiss Exchange confirming international access and FINMA explaining its approval, along with whether ether and solana funds could follow. BTC was trading at $80,535 when the story was published, and since then it is down 1.7%.
Hedge funds reportedly reduced their positions in bitcoin ETFs while sovereign wealth funds moved in, according to Decrypt's morning briefing. The article notes that the funds have recently turned positive for the month after more than $400 million in weekly inflows. BTC was $80,113 when the story was published, and since then it is down 0.9%.