Hunting Hill Global Capital has recently increased its investment in Bitcoin ETFs, highlighting the cryptocurrency's potential for high returns and its ability to mitigate market volatility.

Spot bitcoin ETFs saw substantial inflows of $506 million last week, particularly following dovish comments from Federal Reserve Chair Jerome Powell, indicating a strong link between bitcoin prices and interest rate expectations.

Bitcoin experienced significant market movement, with $40 million in short liquidations reported last Friday, signaling a renewed risk appetite among investors.

Currently, Bitcoin is trading around $60,500, while Ethereum prices have also seen recent increases, reflecting a positive trend in the cryptocurrency market.

Crypto assets are increasingly viewed as effective portfolio diversifiers due to their low correlation with traditional equities and fixed income, as well as their utility as hedges against inflation.

Institutional interest in crypto is on the rise, with reports indicating that investors expect crypto holdings to comprise 7.2% of their portfolios by 2027.

Regulatory clarity is deemed essential for further institutional adoption of digital assets, a sentiment echoed during a recent roundtable hosted by OKX.

As the U.S. presidential election approaches, speculation grows regarding how candidates like Trump and Harris will address crypto policy, with Trump perceived as more favorable towards the industry.

Trump has made commitments to support Bitcoin miners, although he may not elaborate on his crypto policies unless challenged by Harris, who is still defining her stance.

The SEC's Consolidated Audit Trail (CAT) database is facing criticism for potentially violating privacy rights by collecting extensive trading data, particularly affecting blockchain users.

Crypto lobbyist groups, including the Blockchain Association and DeFi Education Fund, have filed an amicus brief against the SEC, arguing that Rule 613's reporting requirements could also apply to the crypto industry.

In a significant move, Russia is set to test crypto exchanges and cross-border payments starting September 1, as the country seeks to navigate international sanctions affecting its financial operations.