USDC Issuer Restructures, Crypto ETPS See Weekly Outflows

Market Update Bitcoin is extending its slide lower, down 1.0% today and 11.9% weekly to trade at $25.8k. Ethereum is underperforming, losing 2.5% over the last day to trade near $1.6k. Investors expecting a decision on the Grayscale vs. SEC case today were disappointed yet again as no opinions were released. The next possible decision day is this Friday. Nearly 70% of the top 100 tokens are in double digit losses over the past week, with every token in the red except $KAS (+2.1%) and $RUNE (+9.6%). THORChain’s $RUNE has benefited from the release of a lending product that allows users to le