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European crypto ETN and ETP report: Thursday, June 9

Most crypto investment vehicles in Europe traded marginally down on Thursday, while others bucked the trend.  21Shares Cardano ETP was the worst performer on our list for June 9, trading at $12.89 — representing a daily loss of 1.55%. Other notable drops were 21Shares Ripple XRP ETP, down 0.83%, and BTCetc ETC Group’s Physical Bitcoin ETN, which lost 0.62% on Thursday.  Elsewhere, 21Shares Tezos ETP was the best performer, gaining 4.99% to close at $12.20. VanEck’s Solana ETN also closed …

Ryan Carson’s NFT fund 121G sees $40 million in commitments

The 1.21 Gigawatts Fund (121G), which was launched last week by serial entrepreneur Ryan Carson to buy non-fungible tokens (NFTs), said it has received commitments worth $40 million from investors. 121G’s website was launched on April 25 and interested investors had to commit 100 ETH ($280,000) to participate in the fund. There were 99 available spots for accredited investors. Carson, the former COO of the popular NFT projects Moonbirds and Proof Collective, tweeted on Tuesday that the fund has seen …

Bitcoin’s price hits a six-month low near $38,500

The price of bitcoin (BTC), the world’s largest cryptocurrency, continues to reel as it faces pressure from macroeconomic conditions, such as concerns around the tightening of US monetary policy. In November, bitcoin touched an all-time high above $69,000. Yet it has declined significantly since then. Bitcoin is currently trading at around $38,500, the level it last saw in early August. “Macro confusion continues as we are in the Fed blackout period until the 26 Jan meeting,” said crypto trading firm …

Trading volume of bitcoin and ether options grew 443% in 2021

The combined trading volume of bitcoin (BTC) and ether (ETH) options increased 443% in 2021, according to The Block Research. In absolute numbers, the combined trading volume of bitcoin and ether options was over $387 billion in 2021, based on data as of December 27. Last year, bitcoin and ether options saw a combined trading volume of over $71 billion. Deribit is the market leader for both bitcoin and ether options trading markets, having a giant share of over 90% …

Trading volume for bitcoin and ether futures surpassed $32 trillion in 2021

The combined trading volume of bitcoin (BTC) and ether (ETH) futures surged over $32 trillion in 2021, according to The Block Research. That figure, based on data as of December 27, is a massive 338% increase compared to 2020 trading volumes. Last year, bitcoin and ether futures saw a combined trading volume of over $7 trillion. The month of May had the highest trading volume in 2021 for both bitcoin and ether futures, with a combined value of over $4 …