#BinanceLaunchpool
WELCOME TO THE DATA DEBRIEF!
Welcome to the Data Debrief! Crypto and equity markets are surging following a reassuring inflation report. In other news, CME is reportedly planning to launch crypto trading, the Senate voted to kill a controversial crypto accounting policy, and 400+ financial institutions have invested in Blackrock’s BTC ETF. This week we explore:
ETH market structure ahead of the ETF decision
The resilience of meme tokens
Surging crypto activity in the US
Altcoin liquidity is improving
Trend of the Week
ETH ETF HOPES FADE AS DEADLINE LOOMS.
It’s another big week for crypto ETFs, and this time, Ethereum takes center stage.
The US Securities and Exchange Commission is set to respond to VanEck’s spot Ether ETF application by May 23. Similar to the spot Bitcoin ETF decision in January, this has been earmarked as the de facto deadline for all live applications from BlackRock, Fidelity, ARK Invest and others.
Market participants expect the SEC to deny or approve all applications at the same time to avoid creating disparities between issuers.
While the regulator has already issued several delay orders up to now, ETH has largely been unaffected by the news. A rejection has likely been priced in as expectations of approval waned over the past few months.
