⛔️ Fidelity sells 3300 #BTC Yesterday($189M)
Massive outflow. Highest ever from Fidelity.

Mind it

Custodia Bank has officially filed an appeal following a federal judge’s decision to deny the digital asset bank access to a Federal Reserve master account.

Software development company Consensys has initiated a lawsuit against the U.S. Securities and Exchange Commission (SEC) and its commissioners. 
The complaint, filed on April 25 in the U.S. District Court for the Northern District of Texas, accuses the SEC of improperly extending its regulatory reach to include Ether (ETH), the cryptocurrency used within the Ethereum network, as a security. This marks a pivot from the SEC’s prior indications that Ether was not classified as a security.

Blue or Red? #btc

Due to Strong Market Competition, Grayscale Launches New Bitcoin ETF Fund With 0.15% Fees
In its latest filing, Grayscale, the Bitcoin ETF provider, unveiled details of its new venture, the Bitcoin Mini Trust, which will feature a competitive fee of 0.15%, lower than its predecessor, the GBTC product.
The filing disclosed pro forma financials that also highlight an initial contribution to the mini fund of 63,204 bitcoin, equivalent to 10% of the GBTC’s existing assets. Moreover, shares of the BTC trust will be automatically issued and distributed to existing GBTC shareholders.
These pro forma