Bitcoin and Ethereum ETFs attracted $1.9 billion in the past week as investors grew upbeat over the Federal Reserve’s first rate cut this year—and the possibility of more. Bitcoin accounted for the bulk of the inflows with $977 million worth of net deposits. Among the Bitcoin ETFs, iShares Bitcoin Trust, which trades under the IBIT ticker, drew the lion’s share. BlackRock’s flagship Bitcoin fund pulled in $866 million in assets last week, according to U.K. asset manager Farside Investors. “Although inves ...

The U.S. Securities and Exchange Commission approved a change to how companies can list and trade shares of exchange-traded funds, which should streamline the process for new products moving forward. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative A majority of commissioners at the U.S. Securities and Exchange Commission voted to streamline the process by which companies could lis ...