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Investors pulled a net $218 million from US Bitcoin exchange-traded funds, one of their worst daily outflows as demand for risky investments takes a knock from fading hopes for Federal Reserve interest-rate cuts. Thursday’s figure encompasses a $23 million drawdown for the Fidelity Wise Origin Bitcoin Fund, the first since the product began trading on Jan. ...
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Cboe Global Markets plans to close its cryptocurrency exchange in the third quarter of 2024. Cash-settled Bitcoin and ether futures contracts will move from the Cboe Digital Exchange to the Cboe Futures Exchange in the first half of 2025. According to the press release, John Palmer, the President of Cboe Digital, will head US Derivatives Market Development. ...