The latest data shows that there are 34 Bitcoin ETFs in the world, holding 1,020,000 Bitcoins worth about $72 billion. Among them, the Bitcoin held by the US Bitcoin ETF is worth $62 billion, accounting for the vast majority of the global Bitcoin ETF holdings. This data not only reflects the popularity of Bitcoin in the global market, but also highlights the dominance of the United States in the field of cryptocurrency investment.

The widespread holdings of Bitcoin ETFs indicate that institutional investors have growing confidence in Bitcoin. As a regulated investment tool, ETFs provide more security and convenience than buying Bitcoin directly. Especially in the US market, the strong performance of Bitcoin ETFs further proves investors' recognition and demand for cryptocurrencies. However, high Bitcoin holdings also mean that the market faces greater volatility risks. Once there is a big change in the market, the value of these ETFs will also fluctuate.

According to the latest wealth management research from Bank of New York Mellon, family offices have a clear split in their attitudes towards cryptocurrencies. Data shows that 39% of family offices are actively investing in cryptocurrencies or considering entering this field. This phenomenon reflects their strong interest in the emerging investment trend of digital assets. The diversification of modern asset classes has attracted these family offices, especially in the context of seeking to diversify their portfolios and increase returns.

However, 38% of family offices are lukewarm about cryptocurrencies, mainly due to concerns about the high volatility of digital assets and the unclear regulatory environment. Security issues such as hacking and cybercrime further exacerbate their concerns. This cautious attitude reflects the market's focus on cryptocurrency risk management. Among those family offices that are actively exploring or have already invested in cryptocurrencies, there is a clear preference for public market ETF products, which generally provide more transparency and liquidity. In addition, some family offices choose to trade directly on exchanges to obtain higher profit potential.

As the EU election approaches, the crypto industry is about to enter a period of uncertainty. The results of this election will directly affect the future regulatory policy direction of the crypto industry. In the past five years, the EU has passed the Crypto Asset Market Regulatory Framework (MiCA), established detailed regulatory provisions for crypto assets, and formulated relevant rules to prevent money laundering. These measures have provided stability and transparency to the market to a certain extent.

However, new members of parliament will bring different views and policy tendencies, which is undoubtedly an important test for the cryptocurrency market. It is particularly noteworthy that the Economic and Monetary Affairs Committee has been a key force in the formulation and revision of crypto legislation over the past five years. If there are major personnel changes in these committees in the new parliament, the implementation of MiCA and other related legislation may be affected. In addition, the Civil Liberties Committee, the Justice and Home Affairs Committee, and the Internal Market and Consumer Protection Committee also play an important role in the crypto legislation process. The new political environment will bring new legislative priorities, which means that participants in the crypto market need to pay closer attention to policy trends.

Investment management company VanEck raised its price target for Ethereum to $22,000 by 2030. This adjustment was influenced by multiple factors, including the progress of the Ethereum ETF, the progress of network expansion, and the positive performance of on-chain data. VanEck is an influential asset management company in the cryptocurrency field. It currently has a spot Bitcoin ETF and is applying for an Ethereum ETF. The company's analysts predict that with the launch of the spot Ethereum ETF, the price of Ethereum will be expected to follow the upward trend of Bitcoin and reach a new historical high.

Ethereum's expansion progress is one of the important factors driving this forecast. The Ethereum 2.0 upgrade plan has been implemented, aiming to improve the scalability and efficiency of the network by introducing proof of stake (PoS) and sharding technology. These technical improvements will enable the Ethereum network to process more transactions, thereby enhancing its position as a decentralized finance (DeFi) and non-fungible token (NFT) platform. In addition, on-chain data also shows a positive trend. As more and more decentralized applications (dApps) and smart contracts run on Ethereum, the network's usage and transaction volume continue to grow, which further supports expectations of future Ethereum price increases.

The U.S. spot Bitcoin ETF had a net inflow of 6,916 coins yesterday (June 5), worth US$488 million.

BTC: It closed with a spindle yesterday and is now above the 5-day moving average. The volume has increased for three consecutive days, but there has been no sharp rise. It may be accumulating strength, and there is a high probability that the market will usher in a big explosion in the future! Continue to be optimistic about the future!

ETH: Linked to Bitcoin trend.

BNB: It closed with a spinning hammer line yesterday and has now deviated from the 5-day moving average. There may be a small correction in the short term for adjustment. After the 5-day moving average moves up, the adjustment is completed and the market may resume a new upward trend.

PYTH: It closed with a medium-sized positive line yesterday and is now above the 5-day moving average. The previous large-scale accumulation of funds has not yet ushered in a violent rise, so just wait patiently.

NOT: Yesterday, a spinning hammer line was closed, and there was a certain degree of correction yesterday. The support obtained at the 5-day moving average position is expected to resume a new upward trend.

MKR: It is currently above the 20-day moving average, with the volume gradually increasing. It may see an oversold rebound in the short term.

Today’s hot topics: Solana ecosystem; GameFi.

The Fear Index is currently at 78 (Extreme Greed) #BTC走势分析 #山寨季何时到来？ #bnb历史新高