$10B BTC exits exchanges, ETFs hold 500K Bitcoin, memecoin mania good for crypto?

Bitcoin returned to the spotlight over the Easter weekend, as on-chain data showed a mass exodus of $10 billion in Bitcoin from exchanges in 2024. Spot Bitcoin ETFs have played their part, with the nine new Bitcoin ETFs — excluding Grayscale’s Bitcoin Trust — now holding over 500,000 BTC. And BitMEX founder Arthur Hayes believes that memecoins could have a positive impact on the cryptocurrency space.Further reading:Bitcoin exchanges’ BTC balances have dropped almost $10B in 2024New Bitcoin ETFs now hold 500,000 BTC, while GBTC outflows slowGrayscale introduces crypto investment fund that prioritizes staking rewardsVitalik Buterin wants rollups to hit stage 1 decentralization by year-endSEC’s spot Ether ETF concerns unfounded, Consensys assertsDon’t be too quick to ‘poo poo’ memecoins: Arthur HayesSo, grab yourself a coffee, and let’s get into it!This episode of Rise’n’Crypto is brought to you by Cointelegraph and is hosted by Gareth Jenkinson. You can follow Gareth on Twitter.Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn. Cointelegraph’s Twitter: @CointelegraphCointelegraph’s website: cointelegraph.comThe views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.