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Four Consecutive Days of Bitcoin ETF Outflows, WisdomTree Receives NY Trust Charter

Mar 22, 2024
Author
Tom Couture
Tom Couture AC
Market Update Equity indices are showing muted declines today, but the SPY (-0.13%) and QQQ (-0.02%) are still on pace for respective 18th and 17th positive weeks out of the last 21. Crypto markets are showing more pronounced losses, with total market capitalization falling by 3%. $BTC (-2.89%) has fallen to $63.6k while $ETH (-4.53%) has dropped to $3,340. Bitcoin ETFs have seen four consecutive days of outflows totaling $836 million, representing the worst week of flows since inception. Notable outperformers this week include $FTM, $STX, and $APT, gaining 34%, 24%, and 16%. Aptos is reportedly shifting towards an AI and RWA focus, with some notable partnership announcements expected in the coming months.Source: Farside Investors, FundstratAsset manager WisdomTree has received a charter from the New York State Department of Financial Services (NYDFS) to operate as a limited-purpose trust company within New York. WisdomTree joins a select few digital asset trust companies within NY, enabling them to continue establishing themselves as a leader within the industry. The new trust company, WisdomTree Digital Trust Company, allows WisdomTree to offer crypto financial services in the state, including its personal finance mobile app, WisdomTree Prime. Authorized digital asset service

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