The Block

Quick Take The move is part of CoinShares’ plan to expand into the U.S. market.

Quick Take In December, a Montenegro court canceled Do Kwon’s approved extradition.

Several South Korean brokerages including Samsung Securities and Mirae Asset have halted transactions of foreign spot bitcoin ETFs following a warning from the country’s top financial regulator.

Robinhood has started offering spot Bitcoin ETFs for clients with retirement and brokerage accounts, the company said.

Quick Take Warren, who historically has not been a fan of crypto, criticized the agency’s move to approve 11 spot bitcoin ETFs on Thursday in a post on X.

Quick Take The new filing comes hours after Grayscale’s spot bitcoin ETF, GBTC, began trading along with 10 other ETFs on Thursday morning. Trading volume for those products have totaled more than $4 billion as of this afternoon.

BlackRock’s spot bitcoin ETF led a crowded field of new issuers, as spot bitcoin funds began trading on Thursday.Grayscale’s ETF, which is a conversion and not new like rival funds, had more volume, but a lot of the trading is believed to be from investors selling.

In the first day of trading since spot bitcoin ETFs were approved, trading volume for the 11 instruments so far has totaled more than $4 billion.Asset manager Vanguard, meanwhile, has said it won’t allow clients to buy the ETFs.

Quick Take Newly launched spot bitcoin ETFs may not attract a significant amount of fresh capital, according to JPMorgan analysts. Instead, they could experience substantial inflows of up to $36 billion through rotational capital, the analysts said. GBTC, on the other hand, could see up to $13 billion in outflows, the analysts added.

Quick Take A MEV arbitrage bot operator earned $1.8 million using a back-running strategy targeting dogwifhat (WIF) trades. The bot, operated by 2Fast, turned 703 SOL (about $70,000) into 19,035 SOL (roughly $1.9 million).