Daily CRYPTO NEWS recap📈🔥- 15.06.2024

•$ETH spot ETFs are likely to begin trading by July 2

According to Bloomberg ETF analyst Eric Balchunas, Ether spot ETFs could begin trading in the USA by July 2. While some traders see this as an opportunity for a significant uptrend, Stephen Richardson, managing director of financial markets at Fireblocks, argued that spot Ether ETFs won’t see the same day-one inflow as spot Bitcoin ETFs did. The reason for that are use cases which are far more difficult o value.

•Australia with its first $BTC ETF

The Australian Securities Exchange has approved the VanEck Bitcoin ETF, which is scheduled to start trading on June 20. Although these ETFs are being accepted by the largest stock exchange in Australia, they are not expected to have a major influence on market prices. However, it is beneficial to have another BTC market that can generate additional demand for this asset.

•Former Binance CEO "CZ" with 64% of $BNB circulating supply

Forbes estimates Zhao's current net worth at $61 billion, placing him as the 24th richest person in the world. The former CEO owns 94 million BNB tokens, a Forbes report revealed. According to a forensic analysis conducted by Gray Wolf Analytics and the financial outlet, 80 million BNB tokens were allocated to the Binance founding team, and the company still controls 46 million of those tokens. This means CZ and Binance currently hold an estimated 147 million BNB, which is around 71% of the circulating supply.

Stay tuned for more updates from MarMag! New posts coming soon :))

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