Bitcoin Nears Halving Event Amid Market and Regulatory Shifts

Bitcoin's Anticipated Halving Event

As Bitcoin gears up for its halving event, it witnesses a slight resurgence, seeing a 5% increase within 24 hours, while Ether follows closely with a 4% climb towards the $3,000 mark. Crypto ETP specialist Laurent Kssis signals this uptick to carry into the U.S. market before a potential fallback to previous price levels. With Bitcoin's halving event poised to cut the supply growth rate by half, the crypto community is closely monitoring its impacts.

Crypto Market Movements and ETF Trends

Not only Bitcoin, but altcoins have also demonstrated momentum, with notable jumps in WIF, ENA, and SEI. In the ETF sector, U.S. spot bitcoin ETFs are seeing a dry spell in inflows, with steady outflows since April 12, leading to a noteworthy shift in investment patterns. Grayscale’s GBTC bears a significant chunk of these outflows, raising discussions about its fee structure in contrast to peers like Fidelity's FBTC and BlackRock's IBIT.

Kraken Expands via TradeStation Acquisition

Kraken's recent acquisition of TradeStation Crypto marks a deliberate move to bolster its regulatory stature and enhance its growth strategies within the U.S. This strategic purchase, though confidential in financial terms, showcases the evolving dynamics of crypto exchanges as they navigate the complex regulatory environment. TradeStation Crypto's prior groundwork on acquiring necessary licensing sets the stage for Kraken's expansion efforts.