Weekly Market Index
The crypto market surged +19.17% last week, with trading volume and volatility rising +76.05% and +131.05%, respectively. Bitcoin led the rally, boosting overall market sentiment. Institutional interest grew as US spot Bitcoin ETFs saw record inflows, and Fidelity Canada now recommends a 1–3% crypto allocation in portfolios.
Chart of the Week
Three US spot Bitcoin ETFs (BlackRock’s IBIT, Fidelity, and Ark Invest) rank among the top 10 commodity ETFs by AUM. BlackRock’s IBIT surpassed the largest silver ETF, securing the third position on the leaderboard.
Weekly Performance
- Bitcoin (BTC): +23.6%
- Ethereum (ETH): +12.4%
- Meme coins (SHIB, DOGE) outperformed, with the Meme category leading gains.
News Highlights
- Crypto.com × BTG Pactual: Partnered to expand crypto banking in Latin America, starting with BTG’s USD-pegged stablecoin.
- Morgan Stanley: Filed for Bitcoin ETF exposure in institutional funds.
- MicroStrategy: Bought 3,000 BTC ($155M), holding 193,000 BTC total.
- Hungary: Drafted laws to allow banks to offer crypto services.
- Nokia: Focused on blockchain and smart contracts in its 2030 strategy.
Recent Research & Insights
- DePIN: Crypto’s trending narrative (decentralized physical infrastructure).
- Alpha Navigator (Jan 2024): Mixed asset performance; crypto and equities edged higher.
- Crypto ETF Deep Dive: Market insights and analysis.
👉 Explore crypto ETFs for institutional-grade exposure.
FAQs
Q: Why are Bitcoin ETFs gaining traction?
A: Institutional demand and regulatory clarity drive inflows, with ETFs now rivaling traditional commodity funds.
Q: How does Fidelity Canada’s crypto allocation work?
A: It recommends 1–3% exposure via its flagship products, citing diversification benefits.
Q: What’s next for Bitcoin?
A: Continued institutional adoption and ETF inflows may support prices, though volatility persists.
Catalyst Calendar
Upcoming events impacting crypto markets will be updated here.
👉 Stay ahead with real-time market analysis.
Disclaimer: This report provides market commentary, not financial advice. Crypto.com and affiliates are not liable for accuracy or third-party content.