The first week of December kicked off with bullish momentum in the crypto market, as the Nasdaq Crypto Index™ (NCI™) rose 4.8%, outpacing BTC (2.9%) but falling behind ETH (7.9%). Solana (SOL), however, remained roughly flat with a 0.1% decline. This NCI’s performance adds to the remarkable 55.8% surge the index has experienced since the US elections, signaling strong market sentiment driven by a pro-crypto administration and inflows into spot ETFs.
Two-week inflow streak on spot ETH ETFs
US spot ether ETFs have experienced a surge in investor interest, achieving their tenth straight day of positive inflows and reaching the fourth highest daily trading volume since launch. This trend indicates a growing institutional interest in Ethereum and could mark a shift in ETH ETFs performance as its adoption grows and momentum lasts.
US bitcoin ETFs now hold more BTC than Satoshi Nakamoto
US spot BTC ETFs have reached a historic milestone by accumulating over 1.1 million BTC since January, surpassing the estimated amount held by Bitcoin’s pseudonymous creator, Satoshi Nakamoto. These ETFs now hold more BTC than any other market participant, reflecting the growing institutional adoption of Bitcoin, solidifying ETFs as a key vehicle for accessing the crypto market and highlighting the role of traditional finance in crypto’s global acceptance.
Trump Picks Atkins to Succeed Gensler, David Sacks for new AI and crypto role
President-elect Donald Trump made two significant appointments that will impact the crypto sector: Paul Atkins as SEC chair and David Sacks as the newly created role of White House Artificial Intelligence and Cryptocurrency "Czar". These appointments signal a potential regulatory easing and a more favorable approach towards crypto.
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