Crypto ETFs

ETF capital isn't diving deep, it's skimming the surface, positioning for quick flips rather than long-term conviction.

Drift confirms DPRK link on its $285M exploit, Morgan Stanley debuts a spot Bitcoin ETF on NYSE Arca, the CLARITY Act picks up speed in the Senate, and Justin Sun accuses Trump-backed WLFI of hiding a blacklist backdoor.

This follows Iran-Israel tensions flare as crypto slides, with Bitcoin dropping below $70,770 and Ethereum slipping under $2,200 amid risk-off sentiment.

Canary’s April 8 S-1 outlines a spot PEPE ETF with up to 5% ETH exposure, calling it highly speculative as meme coin ETFs expand beyond Dogecoin.

It’s historically proven that consistent buying through ETFs can act as a floor, especially when traditional finance channels remain the dominant entry point for institutional capital.

Ethereum bore the brunt of the exodus, shedding $222 million for the week, pushing its year-to-date total into negative territory at -$273 million.

By removing the 25,000-contract position limit, the NYSE has cleared the path for large-scale institutional basis trades and complex hedging.

Altcoin ETFs for assets like Solana, Litecoin, and Dogecoin are still awaiting approval as markets wait for the SEC’s final decision.