According to Farside Investors, the VanEck Bitcoin ETF experienced a daily outflow of US$0.6 million. Notably, 5% of the profits from this product are allocated to Bitcoin developers, highlighting a unique funding mechanism for the cryptocurrency's ecosystem.

According to @CGasparino, the White House is set to clarify the funding mechanism for a strategic crypto reserve, aiming to address challenges related to congressional approval. This move could significantly impact the regulatory landscape and market dynamics for cryptocurrencies, as it may pave the way for more structured government involvement in the crypto space.