Crypto Legislation Gains Traction Following Suspension of Swipe-Fee Proposal
Senator's Amendment Dropped: Senator Roger Marshall withdrew a proposed amendment regarding credit card swipe fees during a Senate Agriculture markup, following White House intervention due to concerns it could hinder cryptocurrency legislation progress.
Ongoing Legislative Reconciliation: Lawmakers are reconciling competing versions of the Clarity Act as Congress aims to advance major cryptocurrency legislation, with the Senate Agriculture Committee emphasizing the role of the CFTC in overseeing digital commodities.
Stablecoin Debate: The discussion around stablecoins has emerged as a contentious issue in cryptocurrency legislation, with banks expressing concerns that yield-bearing stablecoins could disrupt traditional deposit systems.
Rescheduled Markup Session: The Senate Agriculture Committee's markup session for the cryptocurrency market structure bill was postponed due to severe winter weather, now rescheduled for Thursday.
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US Bitcoin Spot ETF Experienced a Net Outflow of $147.4 Million Yesterday, While Ethereum Had a Net Outflow of $64.6 Million
US Bitcoin ETF Net Outflow: The net outflow of the US Bitcoin spot ETF was reported at $147.4 million, with significant contributions from BlackRock and Fidelity.
BlackRock and Fidelity Contributions: BlackRock's Bitcoin ETF saw an outflow of $102.8 million, while Fidelity's Bitcoin ETF experienced an outflow of $44.6 million.
US Ethereum ETF Net Outflow: The net outflow for the US Ethereum spot ETF was $64.6 million, with BlackRock and Grayscale being the main contributors.
BlackRock and Grayscale Contributions: BlackRock's Ethereum ETF had an outflow of $59.0 million, and Grayscale's Ethereum ETF saw an outflow of $14.6 million.

Grayscale Bitcoin Trust Mini ETF Launches on Morgan Stanley Platform
Announcement of New ETF: Grayscale CEO Peter Mintzberg announced the launch of the Grayscale Bitcoin Mini Trust ETF (ticker: BTC), which is now live on the Morgan Stanley platform.
Access to Significant Assets: The ETF provides access to over $7.4 trillion in advisor-managed assets under management (AUM).









