📰 Latest Crypto News from TDR Times! 📰

What are your thoughts on crypto security after the WazirX hack incident?

WazirX lost approximately $234.9 million from its Safe Multisig wallet on Ethereum.

In response, WazirX paused withdrawals and launched a $23M worth of bounty program to recover the stolen assets.

Apart from this bad news, we have some good news in our bucket as well.

The Chicago Board Options Exchange (CBOE) will begin trading five spot Ethereum ETFs from today. This follows the SEC's approval of the necessary regulatory filings.

You may be wondering what those 5 spot Ethereum ETFs are.

21Shares Core Ethereum ETF
Fidelity Ethereum Fund
Franklin Ethereum ETF
Invesco Galaxy Ethereum ETF
VanEck Ethereum ETF

Following this news, the launch of these Ethereum ETFs is likely to attract significant investment, which could reduce the already limited supply of Ethereum on exchanges, creating a situation where demand outstrips supply and potentially driving up prices.

One more piece of good news is in the lane.

US Bitcoin spot exchange-traded funds (ETFs) have recorded over $17 billion in net inflows, setting a new record.

Leading ETFs:

BlackRock's IBIT: ~$18.96 billion in inflows
Fidelity’s FBTC: ~$9.96 billion in inflows
Grayscale’s GBTC: ~$18.69 billion in outflows

What do you think? Could the success of these ETFs lead to more cryptocurrency-based investment products in the future?

#CryptoNews🚀🔥 #WazirXHack #CryptoSecurity #EthereumETFs BlackRock Fidelity