Crypto Daily | Bitcoin Drops Below $67,000; Coinbase Says It Wins Conditional US Approval for Trust Charter

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Bitcoin(BTC) Drops Below $67,000 with a Narrowed 0.3% Decrease in 24 Hours

Bitcoin has crossed the $67,000 benchmark and is now trading at $66,626, with a narrowed 0.3% decrease in 24 hours.

Coinbase Says It Wins Conditional US Approval for Trust Charter

Coinbase Global Inc., the largest US cryptocurrency exchange, said it has won conditional approval from banking regulators for a national trust company charter, a step that could pave the way for it to expand into new businesses.

Full approval from the Office of the Comptroller of the Currency would allow Coinbase to operate as a crypto custodian on a federal basis, making it easier for large institutions to trust it with assets. It could also open a path to new activities such as issuing stablecoins and tokenized securities, said Greg Tusar, vice president of product management.

“The ability to have a federal framework for our custody business is important,” Tusar said in an interview. “This is about us growing our reach and being able to conduct new business that we may not have been able to before.”

Average ETF Lifespan Collapses With Wall Street Antsy for Scale

Exchange-traded fund issuers are shutting new products at the fastest pace in years as competition for investor money intensifies.

The average lifespan of an ETF liquidated in 2026 has fallen to one year and nine months, according to a Bloomberg Intelligence report. That compares with an average age of three years and six months in 2025 and about four years and eight months in 2024.

The shorter lifespan comes as a record number of new ETFs enter the $19 trillion industry, where more than 1,000 products began trading last year. The influx has made it harder for new strategies to attract assets as fewer untapped corners of the market remain. In response, issuers are moving more quickly to close funds that fail to gain traction, according to Tidal Financial Group’s Aga Kuplinska. Closing an unpopular fund once carried a stigma, but firms are now more willing to cut their losses, she said.

Tether Seeks Final Funding Push at $500 Billion Valuation

Tether is making a final push to secure funding at a valuation of $500 billion. According to The Information, the company is urging investors to commit to an agreement within the next two weeks.

SpaceX in Talks with Saudi Fund for $5 Billion Investment in 2026 IPO

SpaceX is reportedly in discussions with Saudi Arabia's Public Investment Fund regarding a cornerstone investment for its planned initial public offering (IPO) in 2026. According to Jin10, a Saudi fund is considering a $5 billion investment in SpaceX's IPO. This potential investment highlights the growing interest in SpaceX's future public offering and the strategic financial partnerships being formed ahead of the anticipated IPO.

Babylon Token Unlock Scheduled for April 10

Babylon is set to unlock approximately 38.125 million tokens on April 10 at 10:00 AM UTC+8. According to ChainCatcher, this token release is part of the ongoing schedule outlined by Web3 asset data platform RootData. The value of the unlocked tokens is estimated at $5.55 million.

Bitcoin Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Thursday was $12.03 million. The total net asset value of Bitcoin spot ETFs is $87.13 billion, and the ETF net asset ratio (market value compared to the total Bitcoin market value) is 6.43%.

The Bitcoin spot ETF with the highest net inflow was Fidelity Wise Origin Bitcoin Fund, with a net inflow of $7.29 million, according to SoSoValue.

SoSoValue