Bitcoin News Roundup for Feb. 3, 2021 – CoinDesk

CoinDesk

With BTC trading in its recent range and a look at DeFi in a post-WallStreetBets world, CoinDesk’s Market Daily is back with the latest news roundup.

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This episode is sponsored by Nexo.io.

Today’s stories:

Crypto Bulls Are Back as Ether Hits All-Time High, Bitcoiners Hoard

GameStop comedown shows appeal of social media-fueled trading. Dogecoin chatter in Reddit reveals cryptocurrency analogue.

Bitwise Asset Management said Tuesday it’s seeking U.S. regulatory approval to publicly trade shares of its bitcoin fund on the over-the-counter marketplace OTCQX. “There is significant growth in interest from professional investors in accessing bitcoin as a tool to hedge their portfolios against rising inflationary risk,” says Matt Hougan, Bitwise’s chief investment officer.

How To Get Free Crypto  

Grayscale Investments reopened its Ethereum Trust earlier this week to accredited investors. (NOTE: Grayscale is a unit of Digital Currency Group, which also owns CoinDesk.)

Switzerland’s 21Shares (formerly known as Amun) is launching the world’s first exchange-traded product for the cryptocurrency polkadot (DOT), to be traded on the Swiss SIX Exchange under the ticker symbol PDOT. Prices for DOT have doubled this year, for a market capitalization of about $15 billion.

The investment firm Accelerate Financial Technologies is seeking approval from Canadian securities regulators to list a bitcoin exchange-traded fund on the Toronto Stock Exchange, CoinDesk’s Tanzeel Akhtar reported Wednesday.

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Author: Adam B. Levine


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