NYSE Arca and Bitwise propose new ETF

Nextblock Daily Update – January 26th 2019

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Over the last 24 hours, Bitcoin is +0.17% at $3,598.75

🔼 New details have surfaced about the bitcoin exchange-traded fund (ETF) proposed by Bitwise and NYSE Arca. Bitwise Asset Management announced its intention to launch the ETF earlier this month. If approved, it would be the first bitcoin ETF to make it to market in the U.S. At the time, the company said NYSE Arca would file the 19b-4 rule change proposal in the near future. NYSE Arca indeed filed the form the same day, but it does not appear to be listed on any SEC website, possibly due to the ongoing U.S. government shutdown. As a result, the document went largely unnoticed, despite being posted on NYSE Arca’s own website. https://goo.gl/fiJRgz

Over the last 24 hours, Ethereum is +0.32% at $116.32

🔼European cryptocurrency exchange Bitstamp has announced a partnership with major Swiss online bank Dukascopy, according to an announcement published on Friday, Jan. 25. Bitstamp will support Bitcoin (BTC) transactions on behalf of Dukascopy Bank. Clients will be able to send BTC to their accounts, convert them to U.S. dollars and trade on the Swiss FX Marketplace. In addition to that, customers can transfer their funds back to the wallet in form of BTC. Bitstamp believes the new partnership will contribute to bridging the gap between crypto and traditional finance. https://goo.gl/TpSnra

Over the last 24 hours, Ripple is +0.74% at $0.317487

🔽Ripple (XRP) sold $535.56 million worth of XRP in 2018, according its quarterly report for Q4 2018 released on Jan. 24. The report further notes that the sales of XRP tokens in Q4 2018 amounted to $129.03 million worth, which is equivalent to 0.24 percent of global XRP volume. The Q4 average XRP daily volume was reportedly equivalent to $585.7 million and is the highest since the first quarter of the year. During Q4 3 billion XRP was reportedly released from of cryptographic escrow while 2.4 billion were returned. According to the statement, the remaining 600 million XRP not returned to escrow are being used “in a variety of ways to help support the XRP ecosystem, including the RippleNet Accelerator Program and Xpring investments like Securitize.” https://goo.gl/Zw2GHb

Today’s Stats:
Top Volume: Bitcoin ($5,063,298,779)
Top Mover: Holo (+21.63%)
Top Shakers: Waves (-5.52%)

(Based on the Top 100 Cryptocurrencies by Market Cap)

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