The Wisconsin Investment Board (SWIB) purchased $164 million worth of BlackRock's iShares Bitcoin Trust and Grayscale's Bitcoin Trust shares in the first quarter. David Krause, a finance professor at Marquette University, said that this investment may be just the beginning, and it is expected that SWIB will further increase its investment, and other pension plans may follow suit.

As of the end of 2023, SWIB will have approximately $156 billion in assets under management, and the Bitcoin ETF currently accounts for only 0.1% of its portfolio. Although this proportion may seem small, it is an important "testing the waters" step for a traditional pension plan. This investment aims to test the public and investors' response to the Bitcoin ETF and explore the potential of cryptocurrencies as an asset class in pension portfolios.

In the first three months of this year, nearly 500 institutional investors have allocated spot Bitcoin ETFs, of which the largest holder is hedge fund Millennium Management, which holds $2 billion, accounting for 3% of its total assets. This shows that institutional investors are increasingly interested in Bitcoin ETFs. The volatility and regulatory environment of the Bitcoin market remain important factors for investors to consider. Although SWIB's investment proportion is relatively low, it provides a reference case for other traditional financial institutions to explore cryptocurrency investment. If the trial is successful, we may see more pension plans and institutional investors follow this trend and gradually increase their investment proportion in Bitcoin and other crypto assets.

SingularityNET (AGIX) has announced the final date for the merger of the Alliance of Artificial Super Intelligence (ASI) tokens with Fetch.ai and Ocean Protocol. The merger will begin on June 11, with the FET token being renamed ASI, and will be completed on June 13. This merger will have significant impacts on FET, AGIX, and OCEAN token holders.

From the details, FET tokens will be converted to ASI at a ratio of 1:1, and AGIX and OCEAN tokens will be converted to ASI at a ratio of 1:0.433226. This exchange rate shows the value positioning of different tokens in the merger process. In addition, ERC-20 tokens will be launched on June 11, and users can convert tokens through the token migration contract provided by SingularityNET. This migration process will be carried out on the decentralized artificial intelligence platform under SingularityNET and has been audited to ensure security. This merger will create a more unified and powerful decentralized artificial intelligence network, which is expected to improve the efficiency and synergy of the network. What needs to be paid attention to is the technical problems and potential market volatility risks in the merger process. Although these token holders will get new ASI tokens, they need to carefully evaluate the value and market prospects of the merged tokens.

Australian asset manager Monochrome announced that its Bitcoin spot ETF (IBTC) will begin trading on Cboe Australia on Tuesday, making it the first ETF in Australia to directly hold Bitcoin.

From an analytical perspective, the launch of IBTC represents an important development for the Australian cryptocurrency market. Prior to this, Australian investors could only invest in Bitcoin by indirectly holding Bitcoin or through offshore Bitcoin products. ETFs that directly hold Bitcoin allow investors to have more transparent and direct access to the Bitcoin market, which reduces risks and costs to a certain extent. The launch of IBTC has brought innovative investment tools to the Australian market, marking the further maturity of the cryptocurrency market.

The U.S. spot Bitcoin ETF had a net inflow of 1,521 coins yesterday (June 3), worth $105 million.

BTC: A large-volume spindle line was closed at the daily level, and it is now above multiple moving averages. Multiple moving averages at the daily level have been glued together, and the chips are very concentrated. The MACD water golden cross is expected to form. In the oscillation upward, Bitcoin above 70,000 will soon be seen again.

ETH: Linked to Bitcoin trend.

NOT: Yesterday, a spindle line was closed, and the upper shadow line was long, indicating that some chips fled from the upper side. It is now above the 5-day moving average. If there is another large positive line with large volume in the short term, it is possible to consider reducing positions at highs.

PYTH: Multiple moving averages at the daily level have been glued together, and large-scale accumulation of funds has been seen for several consecutive days. It may rise in the short term. Just wait patiently for an outbreak.

MAV: Currently above the 5-day moving average, with large volume and closing with upper shadows for two consecutive days, it may be a test of the market, and may see a rise in the short term.

Today’s hot topics: Solana ecosystem; GameFi.

The Fear Index is currently at 73 (Greed) #MegadropLista #ETH #BTC走势分析