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Spot Ether ETF Sees Over $1 Billion in Trading Volume; Ferrari to Accept Cryptocurrency Payments in Europe | Video
Spot Ether ETF Sees $1 Billion in Trading Volume and Now You Can Buy a Ferrari with Crypto in Europe. You’re watching coin desk every day. I’m your host, Jen Sani Investors traded over $1 billion worth of shares of the new Spot Ether ETF S in the United States on the first day of its availability, according to data from Bloomberg. There was a net inflow of $106.7 million, according to a tracker at SOO Value, with the majority of the outflow coming from Grace Scale’s Ethereum Trust, which saw an outflow of $484 million. The Black Rock ishares Ethereum Trust. ETF had the largest inflows at $266.5 million, followed by the Bit Wise Ethereum ETF at $204 million, with total trading volume hitting a high of $1.077 billion. The funds account for about 20% of spot trading volume. Bitcoin ETF S Tested On Launch Day In January Defunct Bitcoin Exchange Mount Gox moved a fresh batch of Bitcoin into new wallets on Wednesday, and that could temper the chances of a price rally as sentiment remained dented. Arkham. Data shows Mount Gox has moved about $3 billion worth of Bitcoin between wallets, and of that $3 billion, $130 million was sent to cryptocurrency exchange Bits Stamp. The cryptocurrency movement echoes yesterday as Mount Gox repays customers affected by a hack 10 years ago, Bitcoin prices remain steady, and Mount Gox still has more than $6 billion worth of Bitcoin to distribute. And now you can buy a Ferrari with crypto. The Italy-based luxury sports car maker will expand its cryptocurrency payments offering to Europe by the end of July. According to a Reuters report, Ferrari began accepting cryptocurrencies in the United States last October in a partnership with Bitpay, Bitcoin, Ether, and US DC where tokens have accepted this popularity of cryptocurrencies as an investment tool. It remains relatively rare for a large company to accept it as a means of payment. In a company statement cited by Reuters, Ferrari’s expansion of the program to Europe is aimed at helping dealers better meet the evolving needs of its end customer. That’s all for coin desk daily, get more updates on coin desk.com and see you next time.