Bitwise’s Chief Compliance Officer Katherine Dowling predicts Ethereum ETFs are near approval following recent SEC amendments. Expected by summer’s end, Ethereum ETFs will enhance market liquidity and attract institutional investors, marking a pivotal moment for crypto. $ETH #CryptoNews
$WATER, the meme coin launched in June 2024, surged 400% after @LeoMessi’s Instagram post but has since declined by 72%. Trading at $0.0009 on July 9th, it aims to tackle water-related issues. #Update $SOL #Crypto
Rome Protocol secures $9M from Hack VC, @0xPolygon, HashKey, and Solana co-founder Anatoly Yakovenko. The funds will enhance Ethereum Layer 2 using Solana, boosting speed, privacy, scalability, and reducing costs. Testnet by late 2024, mainnet by mid-2025. #CryptoNews
Ethereum ETF issuers like VanEck and Bitwise amended their S-1 filings on July 8 amid rising institutional inflows and ETH’s price recovery. Ethereum saw $10.2M inflows last week, with assets under management reaching $12.4B. SEC chair Gary Gensler hinted at possible summer approval. $ETH #CryptoNews
Ethereum’s price surged 10.5% to $3,112 as investors anticipate the SEC’s approval of spot $ETH ETFs. Companies like @VanEck filing final documents drive the rise, yet direct Ether investment offers better long-term value due to lower fees. #Update
Invesco Galaxy discloses a 0.25% annual sponsor fee for its Spot Ethereum ETF in an updated S-1 filing. This move intensifies competition in the Ethereum ETF market, featuring major firms like BlackRock and Fidelity. #Ethereum $ETH #Update
City State Bank has invested in Bitcoin ($BTC) ETFs from BlackRock and Grayscale, as disclosed in their July 8, 2024, 13F filing. This follows Bank of New Hampshire’s similar move, marking a growing trend of institutional adoption of crypto assets. #CryptoNews
Bithumb, South Korea’s second-largest crypto exchange, will list $BRETT and $TAIKO on July 9. $TAIKO is supported by Vitalik Buterin and will start at 2,938 won. $BRETT, a meme coin, will start at 149 won. The listing boosts liquidity and investor interest. #Update
Invesco Galaxy missed the July 8 deadline to file its amended S-1 for a Spot Ethereum ETF, unlike $BLK and VanEck. This delay may impact their competitive standing and regulatory approval. Grayscale announced a July 18 creation date for its Mini Ethereum Trust, boosting market optimism. #Update
Grayscale Investments (@Grayscale) to distribute shares of its new Grayscale Ethereum Mini Trust on July 18, 2024. Pending regulatory approval, the Mini Trust will list on NYSE Arca under ticker $ETH, offering lower fees and better value for long-term investors. #CryptoUpdate #Ethereum
Wealth manager @VanEck has filed an updated S-1 for its spot Ethereum ETF with the SEC, following @BitwiseInvest’s July 3 filing. Approval could lead to higher ETH prices and yields, mirroring Bitcoin’s recent performance. #EthereumETF
Matrixport predicts SEC approval for an Ether ETF this week. This could boost $ETH prices to $3,400, with long-term targets of $6,600. Major firms like @BlackRock, Fidelity, and Grayscale are expected to file. $ETH currently trades at $3,068, up 2% in 24 hours. #CryptoNews
BlackRock’s Ethereum-based BUIDL fund attracted $5M in assets last week, now totaling $491M AUM. Despite a $290B global crypto market loss in July, BUIDL has shown resilience, surpassing Franklin Templeton’s BENJI as the largest blockchain money market fund. #Update
Net inflows into spot Bitcoin ETFs hit $143M on July 5, led by @Fidelity’s $117.4M. Fidelity’s $FBTC now has $9.65B AUM, making it the third-largest in the U.S. Meanwhile, @Grayscale faced a $28.6M outflow from its $GBTC fund. #Bitcoin #Update
