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Big news: SEC approves the first Ethereum ETFs!

This marks a significant milestone for the crypto world amidst global regulatory scrutiny.



#Crypto #Ethereum #Spot #ETF #Investing #Coinpedia
#CryptoNews: Australia's First Spot Bitcoin ETF Launches Tomorrow!

🔵 Monochrome(Australian asset manager) #BitcoinETF, Australia's first spot #ETF, starts trading on #CBOE Australia tomorrow.

🔵 It holds #Bitcoin directly, marking a milestone in Australia's financial landscape.

🔵 Offers Australians regulated exposure to Bitcoin, attracting retail and institutional investors.

🔵Expected impact: increased interest in #crypto, reflecting Australia's growing digital asset adoption.
Thailand's SEC Grants Approval for first spot #BitcoinETF

#Crypto #CryptoNews

🔵Thailand's SEC approves One Asset Management to launch the first spot #Bitcoin exchange-traded fund (#ETF) in the country.

🔵The newly approved fund, named ONE Bitcoin ETF Fund of Funds Unhedged and not for Retail Investors (ONE-BTCETFOF-UI), was set to be distributed between May 31, 2024, and June 6, 2024, according to a report from Bangkok Post.

🔵It was limited to wealthy and institutional investors and carried an investment risk level of eight, indicating its potential for volatility.
Top #CryptoNews This Week

1️⃣ U.S. #CPI May:
Annual CPI rate for May: 3.3%, lower than expected, #interest rates unchanged.(5.25% to5.5%)

2️⃣ #Biden #Cryptocurrency Donations:
Biden's team discussing cryptocurrency donations via #Coinbase Commerce to attract crypto-supporting voters.

3️⃣ Trump on #Bitcoin:
Trump advocates for U.S. Bitcoin mining, criticizes Biden's stance on cryptocurrency.

4️⃣ SEC Spot #ETH #ETF:
SEC Chair expects ETH spot ETF approval by summer's end, clarifies crypto compliance issues.

5️⃣#Vitalik suggests improving crypto use with zk proofs, decentralized networks, and privacy enhancements.

6️⃣ #Binance nance surpasses 200 million users, addresses trading incidents, and focuses on blockchain applications.

7️⃣#Bybit relocating staff to Malaysia, Dubai after opening registration for Chinese users.

8️⃣ #Tether to invest over $1 billion in emerging markets, #AI, and biotechnology.

9️⃣ #MicroStrategy plans to raise $700 million via private placement to buy more Bitcoin.