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Top Crypto News: Bitcoin ETFs Surge, Ripple and Hedera Unite, Robinhood Expands SHIB Holdings

Discover the latest developments in the crypto world, including Bitcoin ETFs' trading volume surge, Ripple and Hedera's collaboration, and Robinhood's increased Shiba Inu holdings.
Published on 2024-01-24

Bitcoin ETF Trading Volume Surges

Bitcoin ETFs recently experienced a significant surge, reaching a total trading volume of $10 billion in just three days. This impressive performance highlights the growing comfort among both institutional and individual investors in trading Bitcoin through traditional investment vehicles. The Grayscale Bitcoin Trust (GBTC) led the way with a volume surpassing $5 billion, followed by iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC) with $1.995 billion and $1.468 billion, respectively. This surge positions Bitcoin ETFs well ahead of all ETFs launched in 2023, indicating a strong market presence.

Ripple and Hedera's Strategic Dialogue

A pivotal conversation between Ripple CEO Brad Garlinghouse and Hedera cofounder Dr. Leemon Baird marks a significant milestone in the cryptocurrency sector. This dialogue underscores the potential for increased cooperation and unification within the industry. The discussion centered on the future of the industry and the possibilities for collaboration between these leading crypto entities. The meeting highlights the importance of alliances in the evolving cryptocurrency landscape.

Robinhood's Expansion of Shiba Inu Holdings

Robinhood has significantly expanded its holdings of Shiba Inu tokens, adding billions to its stash. Recent data from Arkham Intelligence reveals that Robinhood's SHIB balance increased by approximately 230 billion tokens in just one day, reaching a total of 36.656 trillion SHIB. This expansion demonstrates Robinhood's active involvement and investment in the growing popularity of Shiba Inu, signaling confidence in the token's market potential.

These developments reflect the dynamic nature of the cryptocurrency market, showcasing significant growth and collaboration within the industry.

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