Tag: Crypto

Swiss Central Bank rejects Bitcoin for reserves, citing volatility: report

Swiss National Bank Governor Martin Schlegel reaffirmed the central bank’s position against incorporating Bitcoin or other digital assets into its foreign exchange reserves.  Schlegel expressed concerns to Bloomberg regarding Bitcoin’s (BTC) high volatility, instability, and the regulatory challenges associated with…...
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Ether Spot ETFs in U.S. Saw $358 Million Outflows in 11-Day Stretch

Spot ether (ETH) exchange-traded funds (ETFs) in the U.S. posted their 11th straight day of net outflows, losing some $358.1 million of investor funds as the price of ether fell almost 7%. On Tuesday, BlackRock’s iShares Ethereum Trust ETF (ETHA) saw $12.9 million of outflows, losing a net $137.6...
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