The U.S. SEC has approved in-kind creations and redemptions for crypto exchange-traded products (ETPs), according to Unfolded on X.

U.S. SEC approves in-kind transactions for crypto ETPs

BitMEX co-founder Arthur Hayes has forecasted a sharp downturn for the crypto market, predicting that Bitcoin could fall to $100,000 and Ethereum to $3,000.
His warning follows a combination of macroe...

Will Bitcoin Fall to $100,000? Arthur Hayes Thinks So

The U.S. non-farm employment data released on Friday triggered market concerns about an economic recession. The May figure was revised from 144,000 to 19,000, and the June figure was revised from 147,000 to 14,000. These unusual downward revisions put pressure on both stocks and currencies.

<BTC> dropped below $112,000 this morning, reaching a low of $111,903 around 8:30, and has temporarily rebounded to $113,430 at the time of writing, with a decline of 0.45% in the past 24 hours.

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Bitcoin ETF recorded its largest net outflow in six months, with BTC falling below $112,000 and Ethereum falling below $3,400.

Ethereum is certainly not in danger as multiple support levels can help carry it through correction