Americké spotové bitcoinové ETF zaznamenaly v pondělí denní čistý odliv ve výši 64,93 milionu dolarů.
Pondělní odlivy ukončily jejich nejdelší sérii přílivů.
Fidelity’s FBTC zaznamenal odliv poprvé od 2. května.
11 amerických spotových bitcoinových burzovně obchodovaných fondů zaznamenalo v pondělí denní čistý odliv ve výši 64,93 milionu dolarů, čímž ukončilo svou nejdelší sérii přílivu 19 dní. 
GBTC společnosti Grayscale vedl tento týden v odlivu v celkové výši 40 milionů dolarů. Další fondy také zaznamenaly v pondělí odkupy investorů, přičemž BTCO společností Invesco a Galaxy Digital zaznamenaly čistý odliv ve výši 20 milionů dolarů, podle údajů SosoValue. Také bitcoinové ETF od Valkyrie vykázalo čisté odlivy ve výši 16 milionů dolarů. FBTC společnosti Fidelity zaznamenala čisté odlivy ve výši 3 miliony dolarů, což představuje první negativní tok od 2. května.

Volatilita bitcoinu nedávno dosáhla rekordně nízkých úrovní, přičemž období od 24. května do 7. června kleslo na historicky spodních 6 % volatility.
Cena se během této doby pohybovala mezi 66 936 a 71 656 $. Ředitel IT společnosti Swan Bitcoin, Rapha Zagury, poznamenal, že 15denní klouzavá volatilita byla pouhých 23 %, což je blízko historického minima. Navzdory tomu cena bitcoinu 7. června klesla o 3,33 % kvůli silnějšímu růstu pracovních míst v USA, než se očekávalo.

Ethereum-based exchange-traded funds (ETF) that can directly hold ether (ETH) are soon arriving in the U.S. and could attract $4 billion of inflows in the first five months, crypto analytics firm K33 Research said in a report.
The company based its forecast by comparing the assets under management in existing ETH-based exchange-traded products around the globe to similar bitcoin (BTC) products and the amount of open interest (OI) in futures contracts on the Chicago Mercantile Exchange (CME), the go-to marketplace for institutional investors.
Ether's OI on CME currently stands at 23% of the size of BTC futures, but it has seen an average share of 35% of BTC futures since ETH futures started trading on CME in 2021, indicating significant institutional demand for ETH in the U.S., per K33.
Ether ETPs and CME futures open interest compared to bitcoin products (K33 Research)
Ether ETPs and CME futures open interest compared to bitcoin products (K33 Research)
Applying these ratios to the nearly $14 billion inflows so far into the spot BTC ETFs, K33 puts the estimated ETH ETF inflows between $3 billion and $4.8 billion within the first five months. This estimate is slightly higher than JPMorgan's $3 billion forecast for this year.
Read more: Ether Spot ETFs to See Much Lower Demand Than Bitcoin Versions, JPMorgan Says
Based on current prices, this would equal 800,000 to 1.26 million of ETH accumulated in the ETFs, or roughly 0.7%-1.05% of the total supply of tokens, creating a supply crunch for the asset, according to the report. Unlike futures-based products, the issuers of spot ETFs will need to buy tokens in the spot market as investors buy ETF shares.

"As seen in BTC, this monumental supply absorption shock should lead to price appreciation in ETH," said Vetle Lunde, senior analyst at K33 Research.
Bitcoin, after an initial correction in late January, rallied nearly 60% to record highs following the introduction of U.S. spot ETFs. K33 analysts predicted that with the start of ether ETFs, the price of ETH would start outperforming BTC after almost two and a half years of the ETH-BTC pair's downtrend.
Last month, the U.S. Securities and Exchange Commission (SEC) approved key filings for spot ETH ETFs in a move that surprised most market participants. This move paved the way for greenlighting the funds to trade in the U.S. After working through the necessary documentation, market observers expect the ETFs to start trading as soon as late June or early July, the K33 report said.
Notably, applicants deleted the parts of their filings that would have allowed staking the assets in the fund, likely to appease the regulator.
K33 said that the omission of staking would not negatively impact inflows to the ETFs, contradicting JPMorgan's stance, as 99% of assets under management in Canadian ETH ETFs and 98% of European products are held in funds without staking.
$ETH $BTC $BNB

#BnbAth already! So, next one is #EthAth

FTX settled the Internal Revenue Service’s $24 billion claim for a fraction of what the agency said it owed, clearing the way for the crypto exchange to pay out significant customer recoveries.

The IRS will receive a $200 million claim in FTX’s bankruptcy to be paid within 60 days of when the company’s proposed restructuring plan goes into effect. The agency will also receive a $685 million lower priority claim, “payable on a subordinated basis to customers and other creditors” and “to the extent funds are available,” according to a Monday filing in the US Bankruptcy Court for the District of Delaware.

The settlement clears a significant hurdle in FTX’s bankruptcy, resolving what could have been protracted and unpredictable litigation between the fallen crypto exchange and its largest creditor. If a judge had upheld the IRS claim, it could have prevented customers from behind paid, FTX previously argued.

The settlement “provides much needed certainty as to the magnitude of the IRS Claims and allows these Chapter 11 Cases to move to swiftly toward resolution, thereby enabling the prompt distribution to the Debtors’ other creditors and customers,” FTX said in the Monday filing.

FTX has said it will pay back its customers completely.

FTX disputed the $24 billion claim, but acknowledged that it “could have significant tax liability to the IRS,” and that the agency’s claims raised novel legal questions.

The settlement will become effective after it is approved by a bankruptcy judge and its broader restructuring plan becomes effective.

FTX Trading Ltd. is represented by Sullivan & Cromwell LLP and Landis Rath & Cobb LLP.

The case is FTX Trading Ltd., Bankr. D. Del., No. 16558, 6/3/24.
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Colombia-based stablecoin protocol El Dorado said Tuesday it completed a $3 million seed venture capital investment round to build a crypto payments "superapp" for the Latin American region.
Multicoin Capital was the lead investor, with crypto exchange Coinbase's venture capital arm Coinbase Ventures, UC Berkeley Skydeck and Awesome People Ventures also participating in the round.
Stablecoins are a $160 billion asset class within crypto, with their prices anchored to an external asset, predominantly to the U.S. dollar. They are increasingly popular in developing regions such as Latin America with less developed banking systems and history of currency devaluations.
Dollar-pegged stablecoins are also a cheaper option than traditional banking and remittance rails to send money abroad.
"The Latin American economy is reeling due to decades of inflation," Guillermo Goncalvez, co-founder and CEO of El Dorado, said in a statement. "Making matters worse, local cross-border exchanges charge excessive fees – an astonishing 6% for a normal, run-of-the-mill currency swap. The combination of these two forces makes it almost impossible for the people of Latin America to retain or grow their wealth,” he added.
El Dorado, which is available in Argentina, Brazil, Colombia, Panama, Peru and Venezuela, provides a cheaper way to send, exchange and pay using blockchain as payment rail. The platform charges 0.6% fee for cross-border payments, significantly less than the industry average, while in-app payments are free.
The app is connected to more than 70 local payment methods to facilitate on-ramp and off-ramp to fiat currencies. It supports Tether's USDT, Circle's USDC and Celo Dollar (cUSD) stablecoins on the Tron, Polygon and Celo networks, while also allows bitcoin (BTC) transactions.
The app processed about one million transactions over the past year, the company said.
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Euro-pegged stablecoin issuer Lugh appears to be throwing in the towel ahead of the European Union's Markets in Crypto-Assets Regulation (MiCA) coming into effect.

"Due to the upcoming entry into force of MiCA and in accordance with its commitment to compliance, LUGH announces the cessation of the issuance of its stablecoin EURL and guarantees the redemption of existing EURLs until August 30, 2024," the Paris-based company posted on its website and on X.

Lugh's announcement comes on the heels of Binance, the world's largest cryptocurrency exchange by trading volume, saying it will soon restrict availability in the EU to stablecoins that are considered "unregulated." While Binance did not single out major stablecoins like Tether's
USDT -0.0059%
and Circle's
USDC -0.14%
, there is concern that European nationals could have their access to the two popular tokens restricted due to MiCA.

In the case of Lugh, the euro-pegged stablecoin's meager circulation has been shriveling in recent months. Circulation for Lugh's EURL token has plummeted from about $2.8 million in March to about $32,000 as of Tuesday, according to DefiLlama, suggesting most holders may have already redeemed their tokens.
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