News

There are growing doubts among industry professionals that the U.S. Securities and Exchange Commission will approve spot ether exchange-traded funds in May, according to a Thursday report from Reuters — which claims that industry sources expect the SEC to deny applications to launch spot ether ETFs in May after U.S. issuers and other firms had discouraging meetings with the agency in recent weeks.

BlackRock’s spot bitcoin ETF had tallied net inflows on every trading day since launching on Jan. 11. That 71-day streak has ended, according to Farside Investors data. The iShares Bitcoin Trust (IBIT) saw zero net flows on Wednesday — shattering an unprecedented record for a newly launched ETF.

Ethereum developer Consensys has filed a lawsuit against the U.S. Securities and Exchange Commission, striking back against what the company calls an “unlawful seizure of authority” over Ethereum by the federal regulator.

The messaging and collaboration platform builds on Cloud9’s capabilities as it embraces the AI wave in what CEO Brad Levy calls “incremental” steps.

Adena Friedman, chair and chief executive of Nasdaq, said the group’s index business had a stellar first quarter as assets in exchange-traded products linked to its indices reached more than $500bn for the first time. Friedman said on Nasdaq’s first quarter results call on 25 February that the index business had exceptional momentum in the first quarter with revenue increasing 53% to $168m. Nearly three quarters, 70%, of revenue comes from the Nasdaq 100 franchise.