💼 Bank of New York Mellon noted #BTC #ETFs from #BlackRock and #Grayscale in its asset statement

Exactly as expected — institutions are starting to actively utilize this instrument 🪙

📉 The volume of Hong Kong cryptocurrency #ETFs turned out to be 268 times lower compared to American ones

Bloomberg analyst Eric Balchunas referred to ETFs in Hong Kong as "child's play" compared to trading by heavyweight financial players in the US, such as BlackRock, Fidelity, and Grayscale.

In total, Hong Kong funds manage around 4 000 bitcoins, whereas the assets of just the #BlackRock ETF alone amount to over 270 000 coins 💧

⚡️ The #SEC might approve an #ETF for #ETH on May 23

For now, the decision will only apply to VanEck.
For the largest contender for launching ETH ETFs, #BlackRock, the review period is set for August 7.

Meanwhile, QCP Capital believes that if the spot ETH ETF is approved, we can expect #ethereum to reach $5000 this year.

#CryptoNews #Opinion

🪙 Capital inflows into spot #BTC ETFs have lasted a record 18 consecutive trading days

The most funds, $350 million specifically, have flowed into the #IBIT fund, which belongs to #BlackRock. Currently, their balance is valued at more than 300,000 #BTC.

BlackRock has bought all the businesses, and now they want to buy all the bitcoins 🗿

#CryptoNews

⚡️ Forms for listing a #Solana-#ETF have been submitted to the #SEC

🪙 19b-4 forms were sent by the options exchange #CBOE on behalf of #VanEck and #21Shares. #Bloomberg analysts predict a decision deadline for the applications by March of next year. They also highlight that the results of the US presidential election could further influence the approval of the #SOL-ETF.

🔷 Meanwhile, issuers of spot #Ethereum-ETF, including #BlackRock, #Fidelity, #Grayscale, #21Shares, #Franklin #Templeton, and VanEck, have submitted updated application forms to the SEC. Experts now cite July 18 as the listing date for the #ETH-ETF.

#CryptoNews

⚡️ Trading of spot #Ethereum #ETF shares starts today at 3:30 PM (GMT+3)

Meanwhile, #Grayscale transferred 292,262 ETH (equivalent to $1 billion) to exchanges, and #BlackRock added 3,030 Ethereum coins to their balance for the ETH-ETF under the ticker #ETHA.

So, to the moon? Or towards a correction? 🚀

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#CryptoNews

📌 #TheWallStreetJournal accuses #Tether of creating a shadow economy.

The publication released a new article claiming that the company behind #USDT is contributing to the creation of a "parallel economy," which operates beyond the reach of U.S. regulators and law enforcement.

Moreover, the journalists argue that the public wallet freezes are merely "for show" and that Tether is not making any serious efforts to combat the "criminal world."

📈 Meanwhile, the company denies all accusations and counts its profits: last year, USDT's turnover surpassed Visa’s, and the total earnings exceeded those of #BlackRock — $6.2 billion versus $5.5 billion.

#CryptoNews

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🕯 #BlackRock in a new report called #BTC a unique asset for diversification

The #Bitcoin-#ETF is positioned as a hedging tool against fiscal, monetary, and geopolitical risks. The key point is the irregular correlation of #BTC with the U.S. stock market and the resilience of digital gold to market fluctuations caused by panic.

📈 Notably, the report also includes a section titled "Bitcoin’s Path to a $1 Trillion Market Capitalization."

#CryptoNews

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🪙 In an interview with #Bloomberg, the head of the cryptocurrency division at #BlackRock, Robbie Mitchnick, stated that #Bitcoin should not be classified as a risky asset.

According to him, although #BTC is correlated with the stock market, its fundamental differences from government assets eliminate counterparty risk — when one party in a financial transaction fails to meet its obligations.

#QuoteOfTheDay

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