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Crypto

Bitcoin spot ETFs turn to net inflows across all tracked periods, IBIT in top 1 percent

U.S. bitcoin spot exchange-traded funds have shifted to net inflows across all tracked time periods, signalling a recovery in institutional demand. Analysts said it was the first such broad-based turn in months, with cumulative net inflows reaching $62.8 billion as bitcoin traded around $77,000. BlackRock’s iShares Bitcoin Trust (IBIT) pulled in $3 billion, ranking in the top 1 percent of ETF inflows. On April 22, the 12 U.S. bitcoin spot ETFs saw $335.8 million of net inflows.

Crypto

Coinbase to introduce TAS for institutions from May for XRP futures

Coinbase is adding a trade-at-settlement feature to XRP derivatives trading, allowing futures to be executed at an official settlement price rather than live market prices. It plans to introduce the function from May 1, filings submitted to the U.S. Commodity Futures Trading Commission showed. The feature will apply mainly to block trades and will cover nano XRP and standard XRP futures. Coinbase also cited bitcoin, ether, gold and crude oil.

Crypto

Grayscale to switch custodian for HYPE spot ETF from Coinbase to Anchorage

Grayscale plans to change the custodian for its Hyperliquid spot exchange-traded fund from Coinbase to Anchorage Digital Bank, reflecting the move in an amended S-1 filing with the U.S. SEC. Bank of New York Mellon will remain the transfer agent, and the fund will keep its CoinDesk benchmark rate. Grayscale said staking would be included subject to regulatory approval. The move comes as Coinbase dominates custody for most U.S. spot bitcoin ETFs.