Europe's largest digital asset investment company CoinShare has launched its third physically backed ETP. Each unit of Litecoin ETP listed with the LITE symbol is backed by 0.2 LTC at launch, and investors are passively exposed to the Litecoin asset.
Chinese Company Starts BTC Mining
Chinese lottery company 500.com has bought Bitcoin mining machine manufacturer Bee Computing for $100 million. The company also announced that they have contacted Asia's largest mining chip manufacturers and that research studies are ongoing.
Polkadot Futures Set Records
The open interest rate of Polkadot futures has risen to $1 billion, surpassing Litecoin and XRP. KwikSwap, one of the decentralized exchanges, recently stated that it wants to use a second-layer solution to reduce Polkadot transaction costs.
Bloomberg Report Forecasts $80K for BTC
According to Bloomberg Senior Commodity Strategist Mike McGlone's April report, Bitcoin will exceed $60,000 in the second quarter of the year and hit $80,000. McGlone states that Bitcoin has a basic support at $50,000, and a new bull run will begin when the US ETFs are accepted.
Investors Pushes for a Solution to the GBTC Discount
Grayscale's GBTC shares have been trading at a discount since February. Investment Manager Marlton has stated that as an investor with a significant amount of GBTC shares, he has not benefited from the rise of Bitcoin since February as much as buying BTC directly.
South Korean Exchange Rejects Bitcoin ETF
A Korean cryptocurrency company had announced last week that they were working on an ETF plan. However, it has been stated in their latest announcement that the Bitcoin ETF has been rejected by the exchange. The fact that no ETF has yet been accepted in the USA is presented as the justification of the rejection.
XRP Ledger Announces Its New App
RippleX's development team has been offering XRPL solutions for a long period. The team has published a new roadmap that will speed up the coding process in XRP Ledger. Thus, the inexperienced people using the application will encounter a simpler interface.
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