Let’s explore the latest crypto market updates that are shaping the key trends today, on Sept. 12.
The Smarter Web Company, the United Kingdom’s largest corporate holder of Bitcoin, is exploring acquisitions of struggling competitors to grow its treasury.
Today, it is ranked 25th globally among corporate Bitcoin treasuries and it currently holds 2,470 BTC valued at nearly $275 million.
Apart from this, the company’s CEO stated that the firm aims to secure a spot in the FTSE 100 index.
CleanCore Solutions has already doubled down on its Dogecoin strategy as it has pushed its corporate treasury past 500 million DOGE in under three days.
On Sept. 8, the company made an initial purchase of 285.4 million DOGE and revealed its 1-billion Dogecoin investment plan.
Since then, CleanCore has significantly increased holdings, signaling strong conviction in Dogecoin’s role within its balance sheet.
Read more here.
HBAR, Solana, and XRP ETFs proposed by Fidelity Investments and Canary Capital have appeared on the DTCC website.
This move has greatly boosted speculation of imminent US SEC approval.
According to Bloomberg, approval odds for Solana and XRP ETFs are at 95%, while those for the HBAR ETF are at 90%.
More details are available here.
US spot Bitcoin ETFs recorded $552.78 million in net inflows on Sept. 11, amid the renewed confidence among institutional investors. BlackRock’s IBIT led with $366.2 million. It is followed by Fidelity’s FBTC at $134.7 million. Bitwise’s BITB added $40.43 million.
VanEck, Invesco, and Franklin Templeton funds also saw inflows.
The RWA token market cap jumped from $67 billion to nearly $75.5 billion in the past week.
The rally came alongside a surge in tokenized assets onchain, which crossed $29 billion for the first time.
