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📊 Grayscale’s $ETHE #Ethereum ETF has experienced $1.2 billion in net outflows. Almost all of the other ETFs have generated inflows, with the exception of Grayscale’s ETHE. At a current average net outflow of around $385 million per trading day, ETHE’s assets could be exhausted in less than a month. #GRAYSCALE #GrayscaleETF #EthereumETF #TrendingTopic
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📊 #Bitcoin has recovered most of its losses from the week. $BTC futures are skewed long, risking $1.11B if it dips to $65K. There are high expectations that #Trump will announce plans for a strategic Bitcoin reserve at the #bitcoinconference on July 27. #TrumpCryptoSupport #TrendingTopic
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🚨 JUST IN: The U.S. core #PCE price index for June 2024 rose by 0.2% on a monthly basis, higher than the expected 0.1%. Annually, it increased by 2.6%, slightly above the forecasted 2.5% With these inflation figures, traders are anticipating that the #FED will maintain interest rates. #Binancefeed #TrendingTopic
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#BlackRock head of digital assets, Robert Mitchnick, indicated limited client interest in crypto #ETFs outside of #Bitcoin and #Ethereum Despite this, BlackRock has launched ETFs for both BTC and ETH, which have seen significant traction. Other asset managers like Franklin Templeton remain optimistic about expanding crypto ETF offerings to include Solana. Mitchnick emphasized that Bitcoin serves as a "store of value," while Ethereum is seen as complementary for its various applications. $BTC $ETH $SOL #TrendingTopic
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Senator Roger Marshall has withdrawn his support for the Digital Asset Anti-Money Laundering Act, a bill he co-sponsored with Senator Elizabeth Warren. This withdrawal marks a significant shift in the political landscape concerning cryptocurrency regulation in the U.S. The #DAAMLA bill aims to bring the #crypto industry under existing anti-money laundering frameworks, classifying various crypto service providers as financial institutions subject to Bank Secrecy Act compliance. #Binancefeed #TrendingTopic
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