Cryptocurrency exchange-traded products (ETPs) posted another strong performance last week, following US President Donald Trump’s executive order proposing a strategic crypto reserve.
Trump’s executive order sparks $1.9B of inflows to crypto ETPs Crypto ETPs posted another successful week amid US President Donald Trump signing a pro-crypto executive order and Bitcoin reaching a new high.
Australia has recorded the most consistent growth of crypto ATMs for nearly three years. The country joined the 1,000+ Bitcoin ATM club alongside the US and Canada in April 2024.
However, the country has not increased its existing capacity — a move contrasting other major economies. Cointelegraph reached out to a Salvadoran authority to learn more about the nation’s plan for driving further Bitcoin adoption.
Poland added 24 crypto ATMs in its ongoing four-month-long installation spree that began in October 2024. Numerous other countries, including current leaders Canada, Spain and Australia, continue to see an uptick in local active crypto ATMs month over month, according to Bitcoin ATM Radar data.
Poland added 10 new Bitcoin ATMs on Jan. 27, bringing its total to 219 active machines and surpassing El Salvador as the fifth-largest cryptocurrency ATM network globally after the US, Canada, Australia and Spain.
Cryptocurrency analysts and traders are debating whether an altcoin season — a period when alternative cryptocurrencies outperform Bitcoin in the market — is over.
Too many tokens? Analysts argue oversupply could end altcoin season With 36.4 million tokens flooding the market, analysts question whether altcoin seasons are a thing of the past.
Rochard accused Ripple of aggressively lobbying the US government to establish a digital asset reserve comprised of many different altcoins as opposed to a Bitcoin strategic reserve.
"The biggest obstacle for the strategic Bitcoin reserve is not the Fed, Treasury, banks, or Elizabeth Warren. It’s Ripple and XRP," Pierre Rochard, the VP of research at mining company Riot Platforms argued.
The executive order drew mixed reactions from the crypto community, with some arguing that President Trump has kept his promises to the crypto industry.
Bitseeker Consulting chief architect Chris J Terry emphasized in a Jan. 24 X post the confusion many have had, thinking this means individuals can now deposit and redeem Bitcoin.
This model is more efficient for ETFs, as it avoids bid/ask spreads and broker commissions from selling the basket to raise cash for issuing shares. However, cash creation provides more flexibility for fund participants.
