● Franklin Templeton submits crypto index ETF application to track Bitcoin and Ethereum
According to WuSay, Franklin Templeton submitted an S-1 application on August 16, planning to launch a new crypto index ETF, aiming to become a one-stop cryptocurrency investment portfolio.
The ETF will track the performance of the CF Institutional Digital Asset Index, which currently includes Bitcoin and Ethereum. The filing shows that the fund will achieve its investment objectives by investing in digital assets with the same weight as the underlying index and may hold other types of cryptocurrencies in the future.
According to PANews, on August 16, Arkham reported that BlackRock's ETF IBIT and ETHA on-chain holdings exceeded Grayscale's GBTC, BTC Mini, ETHE and ETH Mini for the first time. BlackRock's ETF is currently the largest virtual asset ETF holding provider, with a total ETF holding of US$21.217 billion, while Grayscale's ETF holdings total US$21.202 billion.
● On August 16, there were significant net outflows from US Bitcoin and Ethereum ETFs
According to BlockBeats, on August 16, ten US Bitcoin ETFs had a net outflow of 583 BTC, and nine Ethereum ETFs had a net outflow of 4,476 ETH. Among them, Grayscale GBTC had a net outflow of 975 Bitcoins, and Grayscale ETHE had a net outflow of 6,478 Ethereums.
● Goldman Sachs and Morgan Stanley’s US spot Bitcoin ETF holdings valued at $600 million
According to Odaily Planet Daily, information disclosed in regulatory documents shows that investment banks Goldman Sachs and Morgan Stanley's holdings in US spot Bitcoin exchange-traded funds are worth $600 million.
According to ChainCatcher, according to data from The Block, based on the 13F reports submitted by various hedge funds, hedge funds hold a total of $4.7 billion worth of Bitcoin spot ETFs: Jane Street increased its holdings of IBIT worth $221 million for the first time in Q2 and reduced its holdings of GBTC by 86%; European asset management company Capula holds nearly $500 million in Bitcoin spot ETFs; Ken Griffin’s Citadel’s holdings of ProShares Bitcoin Strategy ETF shares tripled from the first quarter to the second quarter to 860,727 shares, currently worth $19 million, and also holds $67 million in call options and $52 million in put options for the fund. Citadel also holds smaller positions in its remaining BTC ETFs, worth less than $10 million.
● Spot gold price hits a record high, reaching a maximum of $2,488 per ounce
According to PANews, the spot gold price rose briefly, rising more than $30 from the intraday low, setting a record high, reaching a maximum of $2,488 per ounce.
● Fed's Goolsbee responds to rate cut: Everything is under discussion
According to Odaily Planet Daily, Fed's Goolsbee said that the labor market and some leading economic indicators are flashing warning signs, and he is worried that the unemployment rate will continue to rise. He pointed out that rising credit card delinquencies and small business defaults are also a matter of concern. Goolsbee said that when problems begin to appear in the job market, they tend not to happen slowly. He declined to say whether he was in favor of cutting interest rates at the Fed's next meeting in September, but reiterated that there was no need to tighten monetary policy when the economy was not overheating. He said that the extent of possible rate cuts "is all under discussion."
According to Odaily Planet Daily, Federal Reserve Chairman Powell is scheduled to speak on the economic outlook at 22:00 next Friday, Eastern Time. Bank of America predicts that Powell's speech at the Jackson Hole conference is unlikely to have much impact on the US dollar. The bank's analysts pointed out that funds are still optimistic about the strengthening of the US dollar, which may bring downside risks. Bank of America said that the market has priced in four rate cuts this year. "We don't think Powell will go against market pricing. He will retain the option of aggressive easing, depending on the data before the September meeting."
