Ether ETFs See Slow Start as Blackbird Raises Funds, FTX Co-Founder Alleges Fraud by SBF
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Ether ETFs struggled to gain traction in their first week, with poor trading volumes compared to Bitcoin futures ETFs.
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Analysts cited lack of institutional demand and the macro environment as reasons for low ether ETF volumes.
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Blackbird Labs raised $24M for its crypto rewards app that connects restaurants and customers.
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FTX co-founder Gary Wang testified that Sam Bankman-Fried committed financial crimes including fraud.
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Wang admitted he, Bankman-Fried, Caroline Ellison, and Nishad Singh gave special privileges to Alameda and lied.
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