There are several pieces of news that are attracting a lot of attention in today’s cryptocurrency market. First, #太坊现货ETF launched by companies such as VanEck, Invesco, Fidelity, 21Shares and Franklin Templeton will be listed on the Chicago Board Options Exchange (Cboe) on July 23. This news will have a significant impact on the Ethereum market and is expected to increase Ethereum’s visibility and transaction volume.
Secondly, Grayscale Investments announced that it will reduce the program fee of its spot #以太坊ETF from 0.25% to 0.15% in order to cope with market competition. This move will make Grayscale’s ETF fees lower than similar products from Franklin Templeton, VanEck, Bitwise and 21Shares, helping to attract more investor attention.
In addition, according to Triple-A’s report, approximately 562 million people around the world own cryptocurrencies, accounting for 6.8% of the global population, an increase of 33% from 2023. Among them, Asia has 326.8 million cryptocurrency holders, an increase of 21.8% from 2023. The UAE has the highest cryptocurrency adoption rate, with 25.3% of the population holding cryptocurrencies. This shows that interest in cryptocurrencies continues to grow globally.
Hunter Horsley, CEO of Bitwise, said that Bitcoin and cryptocurrencies are gradually entering the mainstream market. 20% of the wealth management affiliates of a major U.S. bank own Bitwise ETFs, demonstrating the growing interest in cryptocurrencies among institutional investors.
In addition, Binance CEO Richard Teng said that although the initial launch of #以太坊现货ETF may not have a large impact, it will receive stable capital allocation. He also pointed out that the market is cyclical and investors should maintain a long-term perspective.
Finally, the European Central Bank is pushing for digital bank Revolut, one of the first banks to offer clients cryptocurrency trading, to strengthen EU banking supervision. This shows that the European Central Bank is increasing its supervision of the cryptocurrency market to ensure market stability and security.
Taken together, from the listing of #以太坊现货ETF to the growth in the number of global holders, to increased interest from institutional investors and regulatory push from the European Central Bank, these news reflect the growing importance of cryptocurrencies in the global financial system. And gradually become an integral part of the mainstream market.
