{"id":127994,"date":"2025-04-25T20:19:36","date_gmt":"2025-04-25T20:19:36","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127994"},"modified":"2025-04-25T20:19:36","modified_gmt":"2025-04-25T20:19:36","slug":"crypto-biz-cantor-fitzgerald-crypto-play-etf-inflows-highlight-industrys-big-sentiment-shift","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127994","title":{"rendered":"Crypto Biz: Cantor Fitzgerald crypto play, ETF inflows highlight industry\u2019s big sentiment shift"},"content":{"rendered":"

Source: Cointelegraph.com NewsUS President Donald Trump\u2019s first 90 days in office have been miserable for Bitcoin (BTC) and the broader cryptocurrency industry. Despite positive regulatory developments, culminating in the first-ever White House crypto summit on March 7, digital asset prices have been dragged down by the currents of trade war and fear of recession.
\nHowever, crypto saw a huge sentiment shift this week amid reports that Trump was backing off on his full-scale tariff war against China. It also didn\u2019t hurt that Trump\u2019s media empire, Trump Media and Technology Group, inked a deal with Crypto.com for its forthcoming Made in America exchange-traded funds (ETFs).
\nThis week\u2019s Crypto Biz newsletter covers renewed inflows into Bitcoin ETFs, a potential crypto venture backed by Cantor Fitzgerald, and Coinbase\u2019s possible pursuit of a federal banking charter. It wraps up with a look at Tesla\u2019s decision to hold its Bitcoin position despite a disappointing earnings quarter.
\nBitcoin ETFs see largest inflows since January
\nCapital is flowing back into US spot Bitcoin ETFs, highlighting a positive sentiment shift among institutional investors.\u00a0
\nAccording to Glassnode data, the 11 spot Bitcoin ETFs registered $381.3 million in net inflows on April 21, with the ARK21Shares Bitcoin ETF accounting for nearly a third of the total.\u00a0
\nOne day later, the 11 funds registered $912.7 million in net inflows, the largest since January when Bitcoin was trading at all-time highs. The ARK21Shares, Fidelity and BlackRock Bitcoin funds saw the largest inflows on April 22.\u00a0
\nAs billions flowed back into Bitcoin ETFs, spot BTC prices climbed back to $94,000 on April 23, pushing the total cryptocurrency market cap close to the $3 trillion mark again.
\nNet inflows to US spot Bitcoin ETFs are surging again. Source: CoinglassCantor Fitzgerald is backing $3B crypto venture: Report
\nCantor Fitzgerald is reportedly in talks with Softbank, Tether and Bitfinex to establish a $3 billion crypto acquisition company called 21 Capital.\u00a0
\nAccording to an April 23 report by the Financial Times, the new company aims to capitalize on the favorable crypto environment in the United States following US President Donald Trump\u2019s election. It also seeks to emulate the success of Strategy, the business intelligence firm turned Bitcoin bank that has amassed more than 534,000 BTC.\u00a0
\nThe report suggested that stablecoin issuer Tether will contribute $1.5 billion to the new venture. Softbank is expected to add $900 million and Bitfinex another $600 million.\u00a0
\n21 Capital is reportedly eyeing another $350 million raise via convertible bonds alongside a $200 million private equity placement. The proceeds will reportedly be used to buy Bitcoin.
\nCantor Fitzgerald is led by Brandon Lutnick, the son of Howard Lutnick (right), who became President Trump\u2019s Secretary of Commerce. Source: White HouseCoinbase weighs US banking license
\nCoinbase is considering applying for a United States federal bank charter, potentially signaling the cryptocurrency exchange\u2019s intention to move into traditional banking services.
\nA spokesperson for Coinbase confirmed to Cointelegraph that the exchange was considering this option, but did not elaborate on the reasons why.
\n\u201cThis is something Coinbase is actively considering but has not made any formal decisions yet,\u201d the spokesperson said.
\nA US federal bank charter is significant because it allows licensees to perform core banking activities, including deposit taking and lending. For crypto exchanges like Coinbase, obtaining such a charter could represent a major step toward integrating traditional banking with digital assets.
\nTesla HODLs Bitcoin despite earnings slump
\nElectric vehicle maker Tesla reported disappointing first-quarter earnings this week but opted to hold onto its Bitcoin investments, signaling that Elon Musk\u2019s company still sees significant upside in digital asset prices.
\nTesla\u2019s net income plunged 71% in the first quarter, with revenue falling 9% and automotive sales down 20% year over year.
\nTesla\u2019s disappointing earnings highlight the folly of mixing business and politics, with the results partly attributed to Musk\u2019s role in Trump\u2019s White House.
\nDespite the earnings slump, Tesla held firm on its digital asset position, maintaining 11,509 BTC \u2014 unchanged since 2022. At current prices, that stake is valued at just under $1.1 billion.
\nTesla\u2019s Bitcoin investments. Source: BitcoinTreasuries.NETCrypto Biz is your weekly pulse on the business behind blockchain and crypto, delivered directly to your inbox every Thursday.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Source: Cointelegraph.com NewsUS President Donald Trump\u2019s first 90 days in office have been miserable for Bitcoin (BTC) and the broader cryptocurrency industry. Despite positive regulatory developments, culminating in the first-ever… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127994"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127994"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127994\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127994"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}