30 Second Cryptocurrency Price Summary
Current Bitcoin Price: $17,764
Bitcoin price has resumed its slide to the downside over the last 24 hours of trading, now sitting below the $18,000 mark.
Top-20 altcoins are also slipping, as Ethereum and XRP fall almost 4% each, while Stellar and NEM see the largest losses of 7% and 10%, respectively.
Top Stories for December 11, 2020
The cryptocurrency index fund recently launched by Bitwise has already surpassed the trading volume of Grayscale’s ETHE product, on just its second day since launch.
Yesterday’s trading volume on the fund reached over $33 million, beating Grayscale’s product by a full $2 million.
The Bitwise crypto index fund is made up of the top ten cryptocurrencies, whereas all of Grayscale’s investment trusts focus on a single asset.
American rapper Lil Yachty has sold out his own social cryptocurrency token in 21 minutes and 41 seconds, hosted by Fyooz – a social money platform.
The tokens (ticker $YACHTY) were sold for $15 a piece and were only accessible to US investors.
An Ethereum-based exchange-traded fund (ETF) has launched in Canada on the Toronto Stock Exchange, following a $75 million funding raise by investors.
“The Ether Fund” is based on the price of Ethereum and the ETH coins backing the fund will be held by Gemini Custody Services.
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Source: Bitwise Crypto Index Fund Surpasses ETHE Volume – December 11