Bitcoin and Ethereum ETFs Rally as Stablecoin Infrastructure Firm Prepares Nasdaq Debut

Bitcoin and Ethereum ETFs Rally as Stablecoin Infrastructure Firm Prepares Nasdaq Debut

Crypto spot ETFs for Bitcoin and Ethereum have seen a significant return to positive territory, recording $340 million in combined daily inflows, signaling a recovery after recent market liquidations. Meanwhile, Taiwanese stablecoin infrastructure provider OwlTing is set to make its Nasdaq debut via a direct listing, with its parent company Obook Holdings beginning trading on Thursday.

Crypto ETFs Rebound Amid Market Recovery

Bitcoin and Ethereum spot exchange-traded funds (ETFs) have reversed their recent slump, experiencing a combined daily inflow of $340 million. This positive shift follows a challenging period that saw a total daily net outflow of $755 million on Monday, largely attributed to historic crypto liquidations over the weekend. The recovery indicates renewed investor confidence in the major cryptocurrencies, suggesting a rebound in market sentiment after a period of volatility.

Stablecoin Infrastructure Firm OwlTing to List on Nasdaq

In other industry news, Taiwanese stablecoin payment and infrastructure firm OwlTing is poised for a significant milestone with its upcoming Nasdaq debut. Obook Holdings, the parent company operating OwlTing, will commence trading on the Nasdaq on Thursday via a direct listing. This move highlights the growing integration of crypto-related services into traditional financial markets, even for infrastructure supporting the stablecoin ecosystem, and represents a notable step for a firm operating in the digital asset space to enter public markets.