● The U.S. SEC approved the applications of multiple Ethereum spot ETF issuers, and trading will start
According to PANews, Bloomberg ETF analyst Eric Balchunas tweeted that the US SEC has officially approved the Ethereum spot ETF. Form 424(b) is being submitted, which is the last step and means everything is ready.
According to TechFlow, Bloomberg analyst James Seyffart said that some Ethereum spot ETFs are expected to start trading. This means that a series of documents should be seen on the SEC website today, that is, the prospectus of the Ethereum ETF has "taken effect", and the time is likely to be after or around the close of the market.
● Following VanEck, 21Shares submits Solana ETF application to SEC
According to TechFlow, investment company 21Shares has submitted an S-1 form to the U.S. Securities and Exchange Commission (SEC) to apply for the launch of an exchange-traded fund (ETF) based on Solana (SOL). This is the second SOL ETF application in two days after VanEck.
According to Odaily Planet Daily, Nate Geraci, president of The ETF Store, published an article on the X platform, predicting that in the next few months, issuers will apply for a combined spot ETF of BTC, ETH and SOL. He believes that we are rapidly moving towards the path of index-based and actively managed cryptocurrency ETFs.
According to Golden Finance, Lindsay James, investment strategist at Quilter Investors, said that US President Biden's withdrawal from the US presidential election and support for Kamala Harris has reduced the possibility of Trump's big victory, and the market may experience some volatility in the next four months. However, she wrote in a research report that compared with campaign news, expectations of rate cuts will still be the driving factor of market returns. She added that the market is increasingly pricing in Trump's victory, and small companies are partially boosted by expectations of widespread import tariffs.
According to Golden Finance, according to Coinglass data, based on the current mainstream CEX contract positions, if Bitcoin rebounds and breaks through $70,000, it is expected that $828 million of short orders will be liquidated. If Bitcoin falls to around $66,000, it is expected that $1.069 billion of long orders will be liquidated.
● CoinShares: Digital asset investment products inflows of $1.35 billion last week
According to BlockBeats, on July 22, according to CoinShares' latest weekly report, digital asset investment products received $1.35 billion in inflows last week, bringing the total inflows over the past three weeks to $3.2 billion. Bitcoin investment products received $1.27 billion in inflows last week, while ETPs that short Bitcoin saw an outflow of $1.9 million. Ethereum investment products received $45 million in inflows last week.
