In this past week…
Trump's nomination of Paul Atkins as SEC chair stands out as the pivotal regulatory shift, poised to catalyze institutional inflows and market clarity in the weeks ahead.
Let’s dive in.
Institutional
Bitcoin ETFs Record $3.5B Outflows in November, Largest Monthly Exit Ever
U.S. spot Bitcoin ETFs saw net outflows of $3.47 billion in November, marking the steepest monthly withdrawal since inception, driven by profit-taking after earlier highs.
Context: This significant capital flight from major U.S. funds like BlackRock and Fidelity signals cooling institutional enthusiasm, potentially capping Bitcoin's rally and increasing volatility for American investors.
Dive into the details
Regulatory
Trump Taps Pro-Crypto Paul Atkins as SEC Chair Nominee
President-elect Trump nominated former SEC Commissioner Paul Atkins, a vocal crypto advocate, to lead the SEC, promising a shift toward innovation-friendly oversight.
Context: Atkins' appointment could accelerate approvals for new ETFs and ease enforcement on U.S. token issuers, unlocking billions in institutional inflows and reshaping compliance for American markets.
Dive into the details
Youtube
Trump Taps Pro-Crypto Paul Atkins as SEC Chair Nominee
President-elect Trump nominated former SEC Commissioner Paul Atkins, a vocal crypto advocate, to lead the SEC, promising a shift toward innovation-friendly oversight.
Context: Atkins' appointment could accelerate approvals for new ETFs and ease enforcement on U.S. token issuers, unlocking billions in institutional inflows and reshaping compliance for American markets.
Dive into the details
Meme
Crypto meme of week
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Until next week,
Morten B
Monday Crypto