18 Jul 2024
In Likely Precursor to Ether ETF Approval, Most Applicants Have Submitted Their Final Forms
Spot ether exchange-traded fund (ETF) issuers have submitted their final documents needed in order to launch the funds next week. Read more
Bitcoin Dips Below $64K as U.S. Equity Selloff Stalls Crypto Rebound
A stock market correction is the biggest risk for the crypto market, but a renewed downturn would be a buying opportunity, an LMAX Group strategist said. Read more
First Mover Americas: Bitcoin Bulls Eye $70K After Return to $66K
The latest price moves in bitcoin (BTC) and crypto markets in context for July 17, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Read more
Rotation Out of Mega-Cap U.S. Stocks Could Provide Tailwind for Cryptocurrencies, Marex Solutions Says
Wall Street investors are deserting mega-cap stocks and piling into small-caps amid cooling inflation and strengthening signs of a Fed interest-rate cut. Read more
Deribit’s New Bitcoin, Ether Options Tied to U.S. Elections Get Thumbs Up From Crypto Traders
Deribit launched Bitcoin and Ether options tied to U.S. elections, gaining approval from crypto traders. Read more
Ether Spot ETF Inflows Will Push ETH to Beyond $5K: Bitwise
It may not happen immediately and price action could be choppy to start due to outflows from the Grayscale Ethereum Trust, after it converts to an ETF, the report said. Read more
Crypto Trading Firm XBTO Establishes Tokenization Team to Focus on Real World Assets
The tokenization platform will soon offer an “e-note” for hemp and CBD producer AgroRef. Read more
LMBO and REKT: Direxion Debuts Leveraged ETFs Tracking Crypto Equities
Despite the fun-sounding tickers, the two newly launched Direxion funds saw less than $50,000 in combined trading volume on their first trading day. Read more
Ethereum ETFs Will Have a Bigger Impact on ETH Price: Bitwise
Bitwise Chief Investment Officer Matt Hougan says there are three reasons why Ether ETFs could drive the price of the asset, more than Bitcoin ETFs did for BTC. Read more
BlackRock Sets Spot Ether ETF Fee at 0.25% Amid Rush of S-1 Filings
BlackRock’s iShares Ethereum Trust will start at a 0.12% fee until 12 months pass or after it amasses $2.5 billion in net assets, whichever comes first. Read more
Spot Bitcoin ETF Inflows Surge, But BTC Struggles to Rally Above $65K
Arbitrage trading of the spot BTC ETFs and a drop in demand for inflation hedges could be limiting Bitcoin’s price upside. Read more
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