Another major move by traditional finance: According to Crypto Times, Deutsche Bank announced the launch of crypto custody services. $BTC climbed back above $74,000, while ETH, XRP, and SOL also posted modest gains.
Key points:
• A major European bank is entering the custody business, making the infrastructure for institutional participation increasingly complete.
• However, U.S. spot BTC ETFs recorded net outflows for four consecutive days, with about $95 million flowing out yesterday.
• Good news and outflows occurring at the same time show that the market is still waiting for genuine buying demand.
In the short term, watch macro factors; in the medium term, watch institutional channels. Don’t overlook either.
#机构入场 #CryptoCustody
For reference only; this is not investment advice.
Key points:
• A major European bank is entering the custody business, making the infrastructure for institutional participation increasingly complete.
• However, U.S. spot BTC ETFs recorded net outflows for four consecutive days, with about $95 million flowing out yesterday.
• Good news and outflows occurring at the same time show that the market is still waiting for genuine buying demand.
In the short term, watch macro factors; in the medium term, watch institutional channels. Don’t overlook either.
#机构入场 #CryptoCustody
For reference only; this is not investment advice.