S&P 500 futures turn lower, erasing gains

Bitcoin and Ethereum ETFs Record Net Outflows While Solana ETFs See Inflows on Feb 24

Gate News bot message, According to Feb 24 update, Bitcoin ETFs recorded a 1-day net outflow of 3,262 BTC (approximately $205.37M) and a 7-day net outflow of 7,895 BTC (approximately $497.07M). Ethereum ETFs showed a 1-day net outflow of 25,337 ETH (approximately $46.04M) and a 7-day net outflow of

Spot gold falls below $5140 per ounce, down 1.68% intraday

Odaily Planet Daily reports that, according to Gate data, spot gold has fallen below $5,140 per ounce, down 1.68% for the day.

BNP Paribas tests the public blockchain infrastructure for the tokenization of money market funds in Paris, France

BNP Paribas Asset Management issues tokenized shares of a French-registered money market fund on the Ethereum public blockchain, marking a significant advancement in its tokenization technology. The project is restricted to regulated participants and combines asset management, securities services, and investment banking to ensure compliance with financial regulations and leverage blockchain transparency.

ProCap Financial discloses Bitcoin holdings of 5,007 coins and repurchases 148,241 common shares

Odaily Planet Daily reports that Bitcoin financial company ProCap Financial, listed on NASDAQ, announced that on February 20th, it repurchased 148,241 common shares on the open market. Additionally, the company disclosed that its current Bitcoin holdings amount to 5,007 coins, valued at approximately $335 million. It also holds $75 million in cash and about $100 million in convertible bonds. (Businesswire)

Crypto Outflows Continue Amid Falling Trading Volumes

Digital asset investment products experienced significant outflows, totaling $288 million, driven mainly by Bitcoin's $215 million withdrawals and cautious investor sentiment, especially in the US, while European markets exhibited more resilience.

The National Bank of the United Arab Emirates has opened the possibility of allocating Bitcoin in the investment process.

An executive at the National Bank of the United Arab Emirates stated that the bank is considering incorporating Bitcoin into its investment process, viewing it as a store of value and "digital gold." They believe Bitcoin's current valuation is more attractive and predict its fair price will approach $100,000. However, due to its high volatility, the allocation will remain limited to pursue portfolio diversification.