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Reason for Report: Industry Update
By Douglas Dennard
Highlights of the week
- $8.5 Trillion Asset Manager Charles Schwab is reportedly preparing to enter the spot #Bitcoin ETF market.
- 1/29/2024 For the first time in five years, Google has opened its extensive advertising network to specific crypto-related offerings, notably the newly introduced spot Bitcoin ETFs. This marks a notable change from the company’s stance in March 2018, when it, alongside Facebook, banned cryptocurrency-related advertisements.
- BlackRock & VanEck are now advertising Spot #Bitcoin ETFs on Google following new policy update.
- $1.6 trillion Franklin Templeton is now advertising their spot #Bitcoin ETF on Google
- 24-hour trading volume on Solana-based decentralized exchanges (DEXes) topped Ethereum exchanges, according to data from DeFi Llama, with about $705 million on Solana during the span compared to $698 million on Ethereum.
Calendar of Upcoming Events
- Bitcoin Halving (April 2024)
- Spot Ethereum ETF approved by SEC May 23, 2024
- US Fed Chair Lowers Interest Rates (March, May 2024)