in June for the first time in three months amid optimism following the filing of spot bitcoin exchange-traded-fund proposals by BlackRock and other asset managers.
The combined spot and derivative trading volumes on centralized exchanges climbed 14% to $2.71 trillion, according to a report by CCData. This was the first monthly increase in trading volume since March, said the report. Among other high-profile U.S. institutions that filed or refiled last month with the U.S. Securities and Exchange Commission for spot bitcoin ETFs were Fidelity, Invesco and WisdomTree.tied to movement in the U.S. stock markets.
and the broader S&P 500 has declined to near zero, the lowest in two years, according to data tracked by crypto derivatives analytics firm Block Scholes."It [the correlation] is now at the lowest level observed since July 2021, when BTC was between its twin peaks in April and November," Andrew Melville, research analyst at Block Scholes, said in an email.
Binance Australia’s office was searched by that country's financial regulator, the Australian Securities & Investments Commission , on Tuesday, according to a report in Bloomberg. The story, citing anonymous sources, comes after the company’s derivatives license was canceled in April following an investigation into how it classified clients as professional wholesale investors in order to be saddled fewer regulatory protections than if they were regular retail customers.
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