RATE Group | Disappointing IEOs, Up To USD 150M IPO, Bitcoin ETF Battles + More News
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Disappointing IEOs, Up To USD 150M IPO, Bitcoin ETF Battles + More News

23 Dec Disappointing IEOs, Up To USD 150M IPO, Bitcoin ETF Battles + More News

Posted at 23:43h in Cryptocurrency News by

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Disappointing IEOs, Up To USD 150M IPO, Bitcoin ETF Battles + More News 101
Source: iStock/Roman Didkivskyi

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

Investing news

  • BitMEX Research says that all 11 Initial Exchange Offerings (IEOs) they looked into in their May report have seen significant declines in price since, despite bitcoin appreciating in value. The update to the May report published today shows that nine tokens are down between 80% and 98%, one is down 71% and another 42%, with the exception of Matic, a Binance IEO, which was ongoing at the time of the previous report and which has appreciated in value since it listed, but has recently suffered a dramatic crash. Meanwhile, comparing returns and offering price, the picture is somewhat more positive.
    IEO Investment Return vs Offering Price

    Disappointing IEOs, Up To USD 150M IPO, Bitcoin ETF Battles + More News 102
    Source: BitMEX Research
  • INX Limited, a Gibraltar-based crypto trading company, will be launching the roadshow for the initial public…

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