VanEck Files With SEC For Digital Asset Mining ETF – December 2

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $56,519

Bitcoin price has slumped back below $57,000 once again, as price appears to be reaching a crucial decision point.

Top-20 altcoins are down across the board, as Ethereum falls 4%, Avalanche tumbles 11% and Cardano stands out with an 8% jump.

Top Stories for December 2, 2021 πŸ”₯

πŸ‘‰ VanEck Files With SEC For Digital Asset Mining ETF

VanEck has filed with the SEC for a digital asset mining exchange-traded fund (ETF), which would allow investors to obtain diversified exposure to cryptocurrency mining companies.

The fund plans to invest 80% or more of its total assets into companies that are likely to earn at least half of their revenues from crypto mining activity or similar.

Other crypto mining-related ETFs have performed well this year, as two other similar products gained between 26% and 45% since they hit the market.

πŸ‘‰ Coinbase Cloud Reaches $30B In Cryptocurrency Staked For Users

Coinbase Cloud, the staking arm of Coinbase, has reached $30 billion in cryptocurrency assets staked as of November. More than 25 different proof-of-stake blockchains are supported.

The platform, formerly known as Bison Trails, is a non-custodial staking platform that was acquired earlier this year for more than $80 million.

πŸ‘‰ Metaverse Land Sales Top $100M For the Week

Data from DappRadar has shown that Metaverse land sales reached more than $100 million last week, with a total of $105.8 million worth of trading volume occurring across several prominent projects.

Notable trading activity occurred across The Sandbox, Decentraland, CryptoVoxels and Somnium Space, with participation from more than 6,000 traders.