Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Today in crypto, Crypto exchange-traded product (ETP) outflows slowed to $187 million last week after an extended run of losses. Coinbase ran a lo-fi ad at the Super Bowl, looking to go viral with the help of the Backstreet Boys, and Cathie Wood’s ARK Invest sold $22 million worth of Coinbase shares across three exchange-traded funds (ETFs).

Crypto investment products logged a third straight week of outflows, though the pace of selling eased markedly as digital asset prices steadied after a sharp downturn.

Crypto ETPs recorded $187 million in outflows during the week, a sharp drop from the $3.43 billion seen over the previous two weeks, CoinShares reported on Monday.

Read more