It was a big week for institutional crypto. Hong Kong handed its first stablecoin licenses to HSBC and a Standard Chartered-backed venture, while BlackRock rolled out a new Bitcoin ETF designed to pay monthly dividends, a sharp pivot from simply holding BTC.
Meanwhile, Dogecoin’s three spot ETFs have raised just $7.6 million combined and seen zero inflows since mid-March, raising real questions about retail appetite for meme coin products. Across markets, a Bitcoin short squeeze looks increasingly likely as open interest hits multi-week highs with deeply negative funding rates.
Want the full breakdown? Read the complete recap below.
