🇭🇰 The first liquidity fund for #ETF in Hong Kong

🔴 LD Capital, Antalpha Ventures, and Highblock have partnered to launch the first ETF liquidity fund in Hong Kong, with approximately $128 million.
🔴 The fund is aimed at increasing activity in the Hong Kong crypto-ETF market.
🔴 ETF liquidity funds act as market makers, improving trading by constantly buying and selling ETF shares.

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💰 The SEC has required issuers of spot Ethereum ETFs to file S-1 forms by Friday. BlackRock and VanEck have already submitted the necessary documents.

The filing of the forms will initiate the review process and the introduction of amendments.

Approval will require at least two rounds of document submission.

Approval of the S-1 form will greenlight the trading of Ethereum ETFs on the exchange.

#ETF

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🟠Bitcoin ETF Inflows Surge as Bitcoin Nears $63K

📈 U.S. spot Bitcoin ETFs recorded significant daily inflows of $129.45 million on July 1, marking the fifth consecutive day of positive flows. This surge is the highest since June 7.

📊 Since their approval in January, major ETF issuers have seen notable inflows and trading volumes, except for Grayscale Bitcoin Trust (GBTC), which hasn't seen significant activity since its conversion to an ETF.

📉 The influx of funds helped BTC reclaim $63,000, overcoming the resistance level of $62,000 after nearly three weeks.

#Bitcoin #ETF #CryptoInvesting

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📉 JPMorgan believes March 2024 was the peak of the current cryptocurrency cycle

🔺 Cryptocurrency market fell 8% in June, losing $18bn.
🔺 #BTC #ETF in the US recorded $662m in outflows - second worst month since launch.
🔺 Market capitalisation of miners rose 20% as the sector revalued.
🔺Stablecoin capitalisation remained flat.

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💲 Long positions in Ethereum futures increased to 3.1 million ETH

🔺 This indicates the high expectations of futures traders regarding the imminent approval of #ETH #ETF.

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💵 4th day of inflows in #BTC #ETF for $147.4 million (so so value)

⏺Grayscale has an outflow of $ 8.1 million.
⏺Leaders: Fidelity - $57.7 million and Franklin - $31.6 million.
⏺In total, the inflow amounted to $ 801 million in 4 days.

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Ethereum ETF Approval Timeline Extended: New Launch Date Estimated for July 23 🗓

🚨 The approval of spot Ethereum ETFs, initially expected by July 18, faces another delay with a new potential date of July 23.

🔍 Bloomberg ETF analyst Eric Balchunas shared that the SEC has asked issuers to submit final S-1s by Wednesday and request effectiveness on Monday for a possible launch on Tuesday, July 23.

🤓 Despite the delay, optimism remains high with preliminary approvals for three of the eight asset managers.

#Ethereum #ETF #CryptoNews

🤑Blum | 🐶Dogs |🌐ByBit

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🟩 Grayscale Fund completely waives fees on its #ETF #ETH

🔺 The fund has waived commissions for the first $2 billion of inflows for 6 months from launch.
🔺 Further, the commission for the ETH mini ETF will be 0.15% (instead of 0.25%).
🔺 This makes Grayscale the "cheapest" fund among all ETF issuers.

🤑Blum | 🐶Dogs |🌐ByBit

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⚪️Franklin Templeton Eyes Solana ETF After Ethereum Success!📈

🤓 Franklin Templeton is set to launch a Solana ETF following their success with Ethereum. This move signifies growing confidence in Solana's potential and its expanding role in the blockchain sector.

🚘 The Solana ETF aims to provide investors with exposure to Solana's innovative ecosystem, highlighting its scalability and efficiency. This follows the positive reception of their Ethereum-focused offerings.

🔗 By diversifying into Solana, Franklin Templeton continues to lead in integrating traditional finance with cutting-edge blockchain technologies.

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#FranklinTempleton #Solana #ETF #Blockchain

🚀 BlackRock Exec Praises ETH ETF Potential as Ethereum Turns 9 Years

🗣 BlackRock’s CIO, Samara Cohen, highlighted the potential of Ethereum ETFs, citing strong investor interest and robust trading volumes. Despite negative ETF flows, Cohen emphasized Ethereum’s role as an access point for investors.

⚪️ Ethereum celebrates its 9th anniversary, with co-founder Vitalik Buterin expressing optimism for the future. The network boasts millions of users and significant market cap, despite facing regulatory and technological challenges.

#Ethereum #CryptoNews #ETF

🔥 Excited about Ethereum's future?

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📉 Peter Schiff Predicts Bitcoin ETF Selloff to Overwhelm Spot Market

🛑 Bitcoin skeptic Peter Schiff predicts a significant selloff in Bitcoin ETFs, leading to a market crash. He argues that ETF liquidations could overwhelm spot markets, especially after recent price declines.

💬 Schiff highlights that Bitcoin's volatility makes it unsuitable as a reserve asset for governments or central banks, contrary to proposals like Senator Cynthia Lummis' strategic Bitcoin reserve.

🔥 If you agree with Schiff's prediction, react with 🔥. If you think Bitcoin will stabilize, react with ❤️.

#Bitcoin #ETF #PeterSchiff

🤑Blum | 🐶Dogs |🌐ByBit

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⚪️ Ether ETF Sees First Positive Weekly Flow Since Launch

📈 For the first time since its launch, the Ether ETF has recorded a positive weekly flow! This marks a significant milestone, signaling growing investor confidence in Ethereum-based products. After a slow start, this positive inflow suggests that more investors are now turning to Ether ETFs as a way to gain exposure to the second-largest cryptocurrency.

💰 The increased interest could indicate a bullish sentiment around Ethereum's future potential.

#Ethereum #ETF #CryptoNews

🤑Blum | 🐶Dogs |🌐ByBit

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BlackRock's Ethereum ETF Eyes $1 Billion Milestone 🚀

💰 BlackRock's Ethereum ETF is nearing a significant milestone, with inflows approaching $1 billion. This rapid growth underscores the strong institutional interest in Ethereum and its long-term potential.

🌐 The ETF's success reflects the increasing adoption of Ethereum by major investors, further solidifying its position as a leading asset in the crypto space.

📈 As BlackRock's ETF gains momentum, it could pave the way for more mainstream acceptance of Ethereum.

#Ethereum #ETF #CryptoNews

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SEC Approves Leveraged ETF Tied to MicroStrategy's Bitcoin Bets 🚀

🔍 The SEC has approved the Defiance Daily Target 1.75X Long MSTR ETF, which offers investors leveraged exposure to MicroStrategy (MSTR), a company heavily invested in Bitcoin. This ETF seeks to deliver 1.75 times the daily percentage change in MicroStrategy's stock price.

💰 MicroStrategy, led by Michael Saylor, has been using convertible debt to buy Bitcoin, making this fund highly volatile. The ETF comes with a 1.29% management fee, appealing to those looking for quick, super-sized returns.

⚡ With MicroStrategy’s five-year volatility at 84.19%, Bloomberg analyst Eric Balchunas calls this the most volatile ETF in the U.S. market.

#Bitcoin #MicroStrategy #ETF

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Fidelity’s Ethereum ETF Outpaces BlackRock 🏆

⚪️ Fidelity's Ethereum ETF has pulled ahead of BlackRock, gaining significant traction in the market. This success marks a major milestone, as Fidelity continues to lead in the race for Ethereum-based financial products.

💼 With increasing investor interest, Fidelity’s ETF could set the standard for future crypto investment opportunities.

#Ethereum #ETF #Fidelity

🤑Blum | 🎮Catizen | 🌐ByBit

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🚀 Bitcoin ETF Outpaces BlackRock’s AUM-ETF in Record Time!

💡 The CEO of CryptoQuant highlighted that it took BlackRock’s AUM-ETF 20 years to reach $33 billion in assets under management.

📈 Meanwhile, the Bitcoin ETF doubled that figure in just one year, reaching a staggering $57.8 billion.

🔮 Eric Balchunas predicts that, in the long run, the Bitcoin ETF could grow to be three times larger than BlackRock’s AUM-ETF.

📊 Is Bitcoin rewriting the rules of investment?

#Bitcoin #ETF #BlackRock #CryptoNews #Investment

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