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Kraken OTC Desk onboards with ICE Chat, becoming the first crypto platform to be granted access

2 hours ago

February 18 — U.S. crypto exchange Kraken announced its over-the-counter (OTC) trading desk has officially integrated with ICE Chat, a messaging platform owned by Intercontinental Exchange (ICE). This means more than 120,000 banks, brokers, and trading firms across global financial markets can now directly connect with Kraken’s OTC team and access crypto liquidity through their existing trading workflows. Kraken noted this makes it the first crypto platform granted access to ICE Chat, marking deeper integration of digital asset trading into traditional financial market infrastructure. ICE—owner of the New York Stock Exchange (NYSE)—delivers data, clearing, and technology services to global financial markets. Over the past year, the firm has expanded its digital asset footprint: investing in prediction market Polymarket and crypto payment provider MoonPay, plus partnering with Chainlink to bring forex and precious metals data onto blockchain networks. Post-integration, Kraken’s crypto spot and OTC large-block trades will join stocks, derivatives, and other traditional asset classes on the institutional-grade communication network.
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Yesterday's US Ethereum Spot ETF saw a net inflow of $48.6 million

On February 18, Farside data shows U.S. Ethereum spot ETFs recorded $48.6 million in net inflows yesterday. BNY Mellon’s ETHA led with $22.9 million in net inflows, while Grayscale’s ETH saw $11.3 million in net inflows.

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Yesterday the US Bitcoin Spot ETF saw a net outflow of $104.9 million

On February 18, Farside monitoring reported that U.S. Bitcoin spot ETFs posted a net outflow of $104.9 million the prior day. Specifically, Bakkt’s IBIT saw a net outflow of $119.7 million, while Grayscale’s BTC trust recorded a net inflow of $36 million.

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Grayscale Staking Trust's Sui Spot ETF is set to begin trading on the NYSE tomorrow

February 18 — Grayscale announced today that its Sui Stake DAO ETF will launch trading on the NYSE tomorrow under ticker symbol GSUI. The ETF will give investors exposure to SUI while offering potential staking rewards, with SUI’s historical average annual staking yield ranging from 1.7% to 3.3%.

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Current mainstream CEX, DEX funding rate displays marketwide bearishness

**February 18 —** Per Coinglass data, Bitcoin traded within a narrow range on February 18. Funding rates across major centralized (CEX) and decentralized (DEX) exchanges indicate the market remains broadly bearish. Ethereum, which had recently shifted back to neutral funding rates, has flipped negative again. Specific rate details are in the attached image. **BlockBeats Note:** Funding rates are fees set by crypto exchanges to keep perpetual contract prices aligned with underlying asset prices. They facilitate fund transfers between long and short traders (the platform does not charge this fee) and adjust holding costs/profits to maintain parity between contract and spot prices. **Key Benchmarks:** - 0.01% = baseline rate - >0.01% = broadly bullish - <0.005% = broadly bearish

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Predictit Market ETFication, Bitwise Launches 6 U.S. Election Theme Prediction Market ETFs

Feb. 18 — ETF issuers Bitwise and GraniteShares filed applications with the U.S. Securities and Exchange Commission (SEC) to launch event contract funds linked to U.S. election outcomes. Bitwise’s prospectus, filed Tuesday, outlines plans to list six prediction market-style ETFs on NYSE Arca under the “PredictionShares” brand. Each fund will track the party affiliation outcomes of the 2028 presidential election and 2026 congressional elections: The fund tied to a party will rise in value if that party wins, and suffer a “substantial loss in value” if it does not. Each fund will invest at least 80% of its net assets in binary event contracts traded on CFTC-regulated exchanges. The contracts will settle at $1 if the specified outcome occurs, and $0 otherwise. Also on Feb. 18, GraniteShares filed prospectuses for six similarly structured funds linked to election results. Roundhill filed a similar fund application on Feb. 14. Bloomberg ETF analyst James Seyffart noted: “The fin

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Analyst: Ethereum is currently experiencing a "narrative tension" between two narratives, with staking transforming the essence of an Ethereum ETF into a yield product

February 18 — Ethereum has hovered around the $2,000 mark for weeks now, with market watchers noting this signals the network’s current struggle with a “narrative rut.” Analyst Callan Sarre says: “For years, Ethereum’s core narrative has been straightforward: Layer 2 (L2) scaling, while the base layer remains lean and secure. Now that L2s handle billions in weekly transaction volume and fees are down 90%+, the question is: where does long-term value accrue?” Markets are pushing for zero-knowledge (ZK) tech and privacy features closer to the base layer. “For traders clinging to old models, it feels like the ground is shifting beneath their feet,” Sarre adds. Sarre highlights the tension between transparency and institutional demand: “Every Ethereum transaction is fully public today—something that doesn’t work for CFOs managing corporate treasuries or funds deploying nine-figure positions. To draw trillions in institutional capital, Ethereum must bake privacy into its protocol

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