● BlackRock IBIT becomes the fastest ETF to reach $20 billion
According to BlockBeats, Bitcoin Magazine said that BlackRock IBIT became the fastest ETF to reach $20 billion in just 137 days, shocking Wall Street. The previous record holder was JEPI Active Management Fund issued by JPMorgan Chase, which took 985 days to reach $20 billion.
● QCP Capital: BTC successfully defended the $67,100 level, and ETH spot ETF may benefit after its launch
According to TechFlow, QCP Capital said in a statement that BTC has successfully defended the $67,100 level for the fourth consecutive time and continued to consolidate within the range. Concerns that Mt Gox may release Bitcoin supply in October may hinder BTC, but ETH spot ETFs may benefit after their launch. ETH bullish sentiment is strong, and a large amount of buying is observed for 4k/5k ETH call options at the end of June 2024. Traders turned to high-beta Meme coins such as Shiba Inu (SHIBA), Dogecoin (DOGE) and Pepe (PEPE), which have risen by double digits and are ranked in the top 10 in terms of holdings. BlackRock submitted a revised S-1 form, and other issuers may follow suit, and approval may come in early July. In addition, it gave a trading suggestion that as the market consolidates within the range, waiting for the launch of the ETH spot ETF, accumulating ETH remains attractive.
● SEC requires spot Ethereum ETF issuers to submit revised S-1 forms
According to TechFlow, two sources told The Block that the U.S. Securities and Exchange Commission (SEC) requires potential spot Ethereum ETF issuers to submit a revised S-1 form by Friday. It should be noted that it may take several weeks for the S-1 form to take effect and begin trading.
● Grayscale files revised S-3 registration statement to clarify the amount of Ethereum required to create a stock basket
According to PANews, Grayscale submitted a revised S-3 registration statement on Thursday. In the updated document, the company clarified the amount of Ethereum required to create a basket of stocks. Previously, BlackRock had submitted a revised S-1 document a day ago, disclosing information related to the seed fund. A week ago, the US SEC approved the 19b-4 form for eight Ethereum ETFs. According to sources, the US SEC has asked issuers to submit the first round of draft S-1 forms by Friday.
● JPMorgan Chase report: Ethereum spot ETF demand will be much lower than Bitcoin
According to Odaily Planet Daily, JPMorgan Chase pointed out in a report that the demand for Ethereum spot ETFs will be much lower than that for Bitcoin spot ETFs. The report predicts that the spot Ethereum ETF will attract up to $3 billion in net inflows for the rest of the year. If staking is allowed, this figure could be as high as $6 billion.
● US listed medical technology company Semler Scientific invests $40 million in Bitcoin
According to Odaily Planet Daily, the chairman of Semler Scientific, a US-listed medical technology company, said that he was inspired by MicroStrategy's achievements in Bitcoin investment and decided to invest $40 million in Bitcoin. Previously, Semler Scientific announced the purchase of BTC and used it as its main reserve asset. After the news was released, the company's stock price rose by more than 25%.
● US home purchase contract signings in April saw the largest drop in three years
According to Jinshi, the National Association of Realtors said on Thursday that the number of U.S. home purchase contracts signed in April fell by the most in three years, the lowest since February 2021, as high interest rates suppressed the real estate market. Chief economist Lawrence Yun said that the impact of rising interest rates throughout April suppressed home purchases, even as inventory on the market increased. But the Federal Reserve is expected to cut interest rates later this year, which should bring a better situation, with improved affordability for homebuyers and increased supply.
● Montenegrin court plans to decide again whether to extradite Do Kwon, involving a century-old extradition policy
According to Odaily Planet Daily, the Montenegrin court intends to make another decision on the extradition of Do Kwon. It is reported that the Montenegrin High Court will determine whether an extradition policy established between the United States and the Kingdom of Serbia in 1901 is still applicable. It is not clear how international law and Montenegrin local law will interpret this legal standard from more than a hundred years ago.