Tokenized funds’ growth highlights a shift towards yield-seeking on-chain investments, potentially reshaping the stablecoin ecosystem.
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Bitcoin traded at $84,045 on Binance spot at 9:32 p.m. ET Sunday, up from $83,971 15 minutes earlier but down 0.48% over the past hour.
The transfer was valued at about $16.38 million after the Ether moved from the Robinhood network to Ethereum mainnet six days earlier.
Bitcoin traded narrowly while Ether weakened, and the Fear and Greed Index rose to 74 as crypto trading remained cautious.
The exchange said its protection fund covers the loss. Bitwise also filed for a NEAR ETF to trade on NYSE Arca under the ticker NRR.
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