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While there's been a lot of talk about spot Bitcoin ETFs in the United States and assets under management,

Canacord Genuity says that the products are driving additional demand for the underlying cryptocurrency itself,

according to a research report published on Monday.

Analysts wrote that it's becoming clear that there is a material multiplier effect underway from the ETFs driving demand for spot Bitcoin, adding that many investors find Bitcoin more attractive,

giving potentially more ways to hedge and generate yield on hoddles over time.

A ton coin-based economy is starting to take root in messaging app Telegram.

Ton has gained 15% this month, clocking record highs above $7.

While Bitcoin and the CoinDest 20 index declined 11% and 16% respectively,

last week, Ton Foundation partnered with Hashke to facilitate hassle-free seamless conversion

of fiat currencies into digital assets and

vice versa for users in the Asia-Pacific region.

Taan Director of Investments, Justin Hjohn, said the Open League program announced earlier

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