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Feb. 1, 2025
Cryptocurrency Monthly News Roundup
By: Eliza Bennet
Grayscale Pushes Forward with Plans to Launch XRP ETF
- Grayscale Investments aims to convert its XRP Trust into an ETF, anticipating significant market interest.
SEC Expeditiously Approves Bitwise's Bitcoin-Ethereum ETF Amidst Massive Inflows
- The SEC's swift approval of Bitwise's ETF reflects growing investor interest in Bitcoin and Ethereum.
Errol Musk Backs Memecoin 'Musk It'
- Errol Musk supports a new memecoin, aiming to raise $200M for a scientific think tank.
Grayscale Launches Dogecoin Trust
- Grayscale announces the Dogecoin Trust, opening institutional access to the famous memecoin.
MicroStrategy Secures $563M for Bitcoin Acquisitions
- MicroStrategy raises funds through a stock offering, reinforcing its Bitcoin acquisition strategy.
Tether Reveals Record Profits and Significant Bitcoin Holdings
- Tether reports $13 billion in profits and substantial Bitcoin assets, underscoring financial stability.
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