The situation with the new spot ETH ETFs looks like this 👇

• Trading volumes on the first day exceeded expectations.

• Investors massively withdrew funds from Grayscale's ETH ETF, the outflow amounted to $484.1 million.

• Inflows into other ETFs were significant, with BlackRock (ETHA) ETF leading the way with a net flow of $265 million.

• Whales have accumulated over $380 million worth of ETH.

News:

JD, one of China's largest e-commerce groups, will issue a HK dollar stablecoin on the public blockchain. JD ranked first in the sandbox list of three stablecoin issuers announced earlier by Hong Kong 🇭🇰

dYdX Trading Inc. is in talks to sell some of its derivatives trading software for an undisclosed amount to a consortium that includes some of the largest market makers in the crypto space 💰

U.S. Senate considers vote to ban members of Congress from trading stocks before November election 🚫