● Bloomberg ETF analyst: Ethereum spot ETF will perform similarly to Bitcoin ETF, but trading volume is expected to be lower
According to ChainCatcher, Cointelegraph quoted Bloomberg ETF analyst Eric Balchunas on the X platform as saying that he expects the performance of the Ethereum spot ETF to be a "same horse race" similar to the spot Bitcoin ETF, but with lower trading volume. Balchunas further explained: "At least in terms of the expectations of liquidity/volume/media attention/everything for the Ethereum spot ETF relative to the Bitcoin spot ETF, I would divide all the numbers you see on Bitcoin by 5. That is, by the standards of ordinary ETFs, if the Ethereum spot ETF can capture 20% of the Bitcoin ETF, it will be a huge win/successful launch."
● BlackRock files revised S-1 registration statement to prepare for listing of its Ethereum ETF
According to Wu, BlackRock has filed an amended S-1 registration statement, disclosing information about seed capital investors, paving the way for the listing and trading of its proposed Ethereum ETF. The revised document shows that on May 21, 2024, seed capital investors purchased a seed creation basket totaling 400,000 shares at a price of $25.00 per share, subject to the satisfaction of conditions. These shares will be traded under the symbol "ETHA".
Eric Balchunas, an ETF analyst at Bloomberg, said BlackRock’s revised S-1 was a “good sign” and that other companies are expected to file similar documents soon and could start trading around the end of June or July 4.
● New York Stock Exchange President: If the regulatory environment is clear, we will consider providing cryptocurrency trading services
According to WuSay, at the Consensus 2024 conference, Lynn Martin, president of the New York Stock Exchange (NYSE), said that if the regulatory environment for cryptocurrency trading is clearer, the NYSE will consider providing cryptocurrency trading services. She pointed out that the US-listed spot Bitcoin ETF has accumulated $58 billion in assets, showing the strong market demand for regulated crypto products.
● HASHDEX withdraws spot Ethereum ETF application
According to Odaily Planet Daily, according to market news, documents from the U.S. Securities and Exchange Commission show that HASHDEX has withdrawn its spot Ethereum ETF application proposal.
● CME Ethereum futures options trading volume hit a record high in May, reaching $1.26 billion
According to Odaily Planet Daily, data from The Block showed that CME Ethereum futures options trading volume reached US$1.26 billion in May, a significant increase from US$615.75 million in April, setting a record high for monthly trading volume. According to Wednesday’s Wintermute market update, the number of open Ethereum futures contracts on CME is near an all-time high. Analysts at Wintermute said the increase in open interest indicates that institutional investors are increasingly interested in trading Ethereum (relative to Bitcoin) in anticipation of the upcoming launch of an Ethereum spot ETF.
● Vitalik Buterin: L2 is a cultural extension of Ethereum
According to Odaily Planet Daily, Vitalik Buterin wrote that L2 is a cultural extension of Ethereum. He pointed out that Ethereum is an L2-centered ecosystem that can freely and independently build a sub-ecosystem with unique functions, which is also part of the larger Ethereum. L2 can and does achieve some specific ways of cultural specialization, including being more willing to conduct user expansion or "business expansion", emphasizing the diversity of values, and the diversity of participants.
● Stratos founding partner: Meme coins are becoming popular because Asian traders are re-entering the market
According to ChainCatcher, Rennick Palley, founding partner of crypto fund Stratos, said that the popularity of Meme coins is mainly due to Asian traders entering the market again, and most Meme coin prices rise most significantly during Asian trading hours (midnight US time). This is a fallout from the ETH ETF craze and U.S. regulators moving to be more supportive of cryptocurrencies.