Crypto
Crypto Market Sees Outflows and Tax Hikes as Authorities Crack Down
Bitcoin spot ETFs recorded significant outflows, with Grayscale's GBTC leading withdrawals at $65.51 million.
The total net asset value of Bitcoin Spot ETFs stands at $99.52 billion, with a net asset ratio of 6.31%.
In other news, Germany is preparing to impose a 25% flat tax on cryptocurrency gains from 2028, potentially ending the exemption for assets held for more than one year.
India's Financial Intelligence Unit has issued non-compliance notices to 15 crypto platforms for operating without meeting anti-money laundering requirements.