Bitcoin Futures Traders Take Profits as BTC Price Fluctuates.
Bitcoin futures traders cashed out $175 million worth of positions in the past 24 hours, causing $1 billion in open interest to be wiped out. Former CTO and chief information security officer from Andreessen Horowitz are starting an institution-focused cryptocurrency custody firm with the backing of a16z. Grayscale Investments expects to learn by Q3 2021 whether it will be allowed to turn its $17.5 billion Grayscale Bitcoin Trust into an exchange-traded fund. The share of the US dollar in central banks' foreign-exchange reserves has declined to 58% from 70% two decades ago, reflecting a multi-polar world and central banks diversifying into other assets.