PDAXScope: ETF outflows, stablecoins grow, NFTs shine

Bitcoin and ether ETFs see outflows ahead of Christmas, led by IBIT and ETHE (CoinDesk)

Bitcoin and Ether ETFs saw money flow out of the funds ahead of Christmas, as reported by CoinDesk. The report states that outflows were led by BlackRock’s IBIT and Grayscale’s ETHE, suggesting some investors took profits or reduced exposure during the holiday period, while the broader market showed mixed sentiment around risk assets. Analysts say this kind of seasonal shift in flows is not unusual but reflects cautious positioning going into year-end.

Wall Street bank JPMorgan says stablecoin market could grow to $600 billion by 2028 (CoinDesk)

JPMorgan says the total stablecoin market could grow to around US $500 billion – $600 billion by 2028, as reported by CoinDesk. The bank states that stablecoin usage is still largely tied to crypto trading and related activity rather than broad everyday payments, so it doesn’t expect the market to reach trillion-dollar levels as some optimistic forecasts have suggested.

Pudgy Penguins brings NFT characters to the Las Vegas Sphere during Christmas (Cointelegraph)

The popular and adorable NFT project Pudgy Penguins has brought its characters to life with a special display at the Las Vegas Sphere during Christmas week, as reported by Cointelegraph. The event features giant visuals of the Pudgy Penguin characters around the venue and aims to celebrate both the holidays and NFT culture, drawing interest from both fans and mainstream audiences.

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