Bitcoin dips as U.S. spot Bitcoin ETFs see $729M outflows and FinCEN withdraws crypto wallet rules
Bitcoin closed lower at $82,546.32 after U.S. spot Bitcoin ETFs experienced a combined net outflow of $729 million over two days, with BlackRock's iShares Bitcoin Trust leading the withdrawals. Meanwhile, the Financial Crimes Enforcement Network (FinCEN) withdrew proposed rules that would have required banks and money-service businesses to report and keep records of transactions involving unhosted wallets and cryptocurrency mixing, easing regulatory pressure. In corporate news, OKX secured strategic investments from major players including Circle and Ripple, valuing the company at $25 billion to support expansion and asset tokenization. These developments reflect shifting regulatory and investment dynamics in the crypto market.
Bitcoin closed lower at $82,546.32 after U.S. spot Bitcoin ETFs experienced a combined net outflow of $729 million over two days, with BlackRock's iShares Bitcoin Trust leading the withdrawals. Meanwhile, the Financial Crimes Enforcement Network (FinCEN) withdrew proposed rules that would have required banks and money-service businesses to report and keep records of transactions involving unhosted wallets and cryptocurrency mixing, easing regulatory pressure. In corporate news, OKX secured strategic investments from major players including Circle and Ripple, valuing the company at $25 billion to support expansion and asset tokenization. These developments reflect shifting regulatory and investment dynamics in the crypto market.
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