Daily Market Wrap | Feb. 04

Hot Topics

• Spot Bitcoin ETFs saw $272M outflows on Feb 3, while Ether ETFs gained $14M and XRP-linked products attracted nearly $20M in inflows.
• GraniteShares 2x Short MicroStrategy ETF hits record high amid MSTR's decline tied to Bitcoin weakness.
• CIRO introduces interim tiered, risk-based Digital Asset Custody Framework for crypto custodians.

Market Updates

• Bitwise Asset Management acquires staking provider Chorus One to expand institutional yield offerings.
• Tether scales back $20 billion fundraising ambitions to ~$5 billion due to investor resistance.