Crypto Positive, Risk Appetite Remains Selective
The crypto market moved positively at the start of Friday's Asian session. Bitcoin held around $117.2,000, while Ether traded slightly around $4.6,000, reflecting a still-selective risk appetite following the Fed's decision. This relatively subdued price movement awaits new catalysts from the regulatory and institutional sectors.
On the policy front, the SEC relaxed the listing process for spot crypto ETFs with generic standards across exchanges and authorized the Grayscale Digital Large Cap Fund—paving the way for multi-asset products beyond Bitcoin and Ether. At the same time, the first Dogecoin ETF was ready to trade, marking a shift in regulatory stance while expanding retail investors' reach into higher-risk assets. These steps are seen as driving adoption and potentially attracting new funds into the crypto ecosystem.
Institutional flows are also increasingly prominent: in the capital markets, the acquisition of Solana-based tokens by certain issuers has become a balance sheet strategy, mimicking the "crypto-treasury" approach of pro-Bitcoin corporations. However, going forward, the market remains sensitive to regulatory clarity, ETF fees, and derivatives liquidity—as well as US macro data that impact the dollar and yields. In the short term, sentiment will be determined by the new ETF pipeline, the dynamics of flows into ETP products, and the rotation among large-cap altcoins.
Source: Newsmaker.id
