Morning Bulletin - 11.06.2024

Fidelity, which has $11.5 trillion worth of assets under management, reached an agreement with JPMorgan for tokenization transactions.

The 19-day positive rally in Bitcoin spot ETFs in the US came to an end, with funds closing yesterday's trading day down $65 million. Bitwise received a net investment of $8 million, while Grayscale saw outflows of $40 million, Invesco $20 million and Valkyrie $16 million.

At the time of writing, Bitcoin (BTC) is trading at $67,760 and Ethereum (ETH) is trading at $3,558.

The fear and greed index is at the greed level with “60”.

Important developments for the day:

Stellar (XLM): A reset will be performed on Testnet.

Ronin (RON): Snapshot will be taken for Ragnarok.

The Graph (GRT): Sunbeam update will take place.