eToro settled with the SEC over trading unregistered crypto assets, limiting U.S. customers to trading Bitcoin, Bitcoin Cash, and Ether, and providing 180 days to sell other tokens.
Investors withdrew $72 million from digital asset funds, reflecting uncertainty, while Bitcoin fell due to shifting Federal Reserve rate cut expectations.
Spot bitcoin ETFs have amassed over $52 billion in assets within eight months, exceeding expectations and prompting a reassessment of cryptocurrency's role in mainstream finance.