🔶 Binance announced that it will completely delist four tokens - BOND, DOCK, MDX and POLS - on July 22 as part of a review of the cryptocurrencies available for trading and the teams behind them


The total capitalization of these cryptocurrencies is currently less than $68 million. After notification of removal from the exchange, their value fell in the range from 20% (Polkastarter) to 45% (Dock)

🔹 Yesterday there was a mass filing of (un)updated Forms S-1 for the ETH ETF with the SEC. Fidelity, VanEck, Franklin, 21Shares, Grayscale and BlackRock took part in this “S-1 marathon”.

ETF analyst Eric Balchunas noted that the submitted documents do not contain anything new or different from previous ones.

Again, there were no changes to the fees stated on the forms. Eric explains this by saying that the SEC needs time to talk with issuers and issue recommendations to them, after which they will make the necessary adjustments and the applications will be sent to the SEC again.

He previously predicted final approval by July 4, but that deadline has now been pushed back to July 18.

In fact, the process of processing and requesting feedback on an S-1 takes ≈ 10 days, and the Commission can comment as many times as necessary until all deficiencies are eliminated.

According to Gensler, Ether ETFs will begin trading this summer.

The following is currently known:

VanEck's annual management fee will be 0.20%;

Franklin Templeton — 0,19%;

Invesco — 0,25%;

Bitwise will not charge it for six months or until AUM reaches $500 million (the percentage that will be after one of these conditions is reached is unknown)

🪙 Staying on the topic of ETFs: Cboe BZX Stock Exchange has filed 19b-4 listings for two SOL-based ETFs from VanEck and 21Shares

Once the Commission accepts these applications, the countdown will begin. Are we running to buy SOL? Not so simple.

The SEC does not set specific deadlines for the start of consideration of the proposed changes (for example, 19b-4 for the VanEck Bitcoin ETF was filed in late 2020, and the SEC accepted it only 2.5 years later), but after the applications are published and entered into the register , The SEC is required to make a decision within 180 business days (≈ 240 calendar days, or 8 months)

And given the Commission's classification of SOL as a "security", by 2026 we can expect progress in the direction of ETFs, and only if Gensler is not replaced by "Gary 2.0"

🇩🇪 Over the past 2 days, the German government has initiated $1.2 billion in transactions, sending a total of 21,239 BTC

The main recipients of these funds are CEX (Kraken, Bitstamp, etc.) and market makers (B2C2, Cumberland and Flow Traders)

Liquidity providers will likely help find buyers for these BTC in OTC trades, which will help minimize the price impact when selling on the open market

Since the beginning of July, the balance of addresses belonging to the German government has halved, from 46,000 BTC to 22,846 BTC.

🤑 Australian company DigitalX launches third Bitcoin ETF on the continent

The fund, with ticker BTXX, will begin trading on the country's largest exchange, the ASX, from July 12

DigitalX charges the highest fee among its competitors - 1.65% per year (compared to 0.59% for VanEck AU and 0.98% for Monochrome, which raised a total of $15 million in a month)

🔥 On July 8, American BTC ETFs collected $295 million. BlackRock recorded an influx of $182 million, which was the largest value since June 7

Hong Kong products are also trying to keep up: on July 8 and 9 they purchased another 188 BTC for $10.7 million

📰 Crypto investment funds received $441 million last week. CoinShares believes that the expected payments from Mt.Gox and the actions of the German government, despite the nervousness of the community, are considered by investors as a buying opportunity