2025-02-01 Market Watch: Key developments in the crypto market

Here is what happened yesterday in the crypto market:

Evolving Landscape of Crypto Ownership and ETFs

In a comprehensive analysis, Miguel Kudry from L1 Advisors distinguishes between direct cryptocurrency ownership and exchange-traded funds (ETFs), highlighting the expected evolution in 2025 as the distinction blurs.
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Litecoin Surges as Market Responds to ETF Signals

Litecoin saw a rally following optimistic ETF sentiments, joining a broader market uplift influenced by Powell’s remarks.
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SEC Approves New Bitcoin and Ethereum ETFs

The SEC has approved a new joint ETF for Bitcoin and Ethereum, allowing easier access for investors seeking these top assets through a regulated vehicle.
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Stablecoin Market Breaks $200B

The stablecoin market just surpassed $200 billion, indicating a potential for increased crypto market growth, correlating with political developments.
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Kraken Reintroduces Crypto Staking in the U.S.

After a brief hiatus, Kraken has resumed its staking services for U.S. customers, indicating a recovery in the regulatory environment for crypto exchanges.
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