May 13, 2025
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DeFi Savings Protocol Sky Slumps to $5M Loss as USDS Interest Payments Wipe Out Profit Crypto and Stock Trading Platform EToro IPO Pricing Looking Strong: Bloomberg Gibraltar to Establish Crypto Derivatives Clearing, Settlement Rules to Enhance Market Integrity Morgan Stanley Crypto Chief Exits to Launch DeFi Fund in Switzerland: Bloomberg Bitcoin Will Replace U.S. Dollar In 10 Years, Says Billionaire VC Tim Draper Wyoming Taps Inca Digital to Secure First State-Issued Stablecoin Ahead of July Launch Coinbase Shares Could See $16B of Buying Pressure From S&P 500 Index Inclusion: Bernstein XRP Prices Could Blast Higher to $3.40 as Major Bearish Pattern Fails VeChain’s Sunny Lu Wants to Tokenize Sustainable ‘Human Behavior’ Like Driving a Tesla From Early Michael Saylor Bet to Billions in Deals: How Jefferies Became a Crypto Powerhouse

Bitcoin ETF Confusion Abounds

The crypto industry can breathe a sigh of relief: It looks like a federal U.S. regulator will let the world’s largest traditional finance asset managers and other firms list and trade shares of a vehicle giving retail and institutional investors exposure to the price of a decentralized, trustless, stateless digital asset (if you’re in the U.S.). But of course, the bitcoin exchange-traded fund (ETF) drama wouldn’t be complete without, well, drama.

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