⚡️ The head of the #SEC announced that spot #ETFs on #ETH will be approved as early as this summer

Gary Gensler made this statement during a Congressional hearing, additionally noting that Ethereum ETFs will receive approval "sometime, but definitely before the end of the summer."

Amid the anticipated approval, whales are accumulating #Ethereum. For instance, analysts from CryptoQuant recorded a daily purchase of 298 000 ETH, which became the second largest in history 🐳

#CryptoNews

⚡️ #SEC has terminated the investigation against #ETH

The regulator no longer claims that #Ethereum is a security 🥳

Meanwhile, issuers of spot Ethereum #ETFs are correcting their application forms for resubmission. The updated applications may be submitted by the end of this week, and the listing of new instruments could happen in early July.

#CryptoNews

#Opinion

🕯 Analysts from #SpotOnChain believe that Wall Street traders are making a classic mistake

By analyzing the 30-day flow dynamics into spot #bitcoin-#ETFs, experts concluded that Wall Street is buying #BTC at its peaks and selling at its lows.

Good for them! Selling low means that you bought it high 😞

🪙 The influx of money into #Bitcoin #ETFs is growing

Yesterday's trading session ended with an influx of $129 million, marking the fifth consecutive day of inflows into #BTC-ETFs.

However, judging by the reactions to the previous post, not all of you know what an ETF is, so here’s a special #Glossary:

📌 ETF (Exchange-Traded Fund) — a fund that holds a collection of securities based on a particular asset (in our case, Bitcoin).

💸 An ETF share is a security that guarantees the right to own a corresponding portion of the fund's asset. That is, the fund buys Bitcoin, and investors buy Bitcoin securities, bypassing all the technological difficulties associated with blockchain operations, choosing wallets, and the risk of losing coins.

Moreover, ETFs can be bought through regular brokerage accounts, making Bitcoin accessible to a larger number of potential investors and companies that do not want to take on the risks of storing cryptocurrency but want to invest in the asset.

🚀 — if you finally understand what an ETF is

#CryptoNews

🪙 #Bitcoin is rising in response to statements from the US Federal Reserve Chairman and inflows into spot #ETFs

Jerome Powell claims that the Fed is focusing heavily on reducing interest rates and that inflation is moving towards the 2% level.

📈 As for ETFs, the net inflow yesterday amounted to $216 million, signaling that investors continue to buy the dip.

#CryptoNews

🥳 While we congratulate Vitalik on the anniversary, #CBOE has announced the listing of spot #ETH-#ETFs from Invesco, Fidelity, 21Shares, Franklin, and VanEck. The listing is scheduled for tomorrow, July 23.

🔷 Let's remember together in the comments the price of #Ethereum when you first heard about it and discuss what the price might become after the ETF launch.

#FactOfTheDay

🙁 #Bitcoin is down again, but not by much — let’s figure out what's going on

#Lookonchain believes that the drop below $60,000 is due to institutional investors ceasing to accumulate #USDT.

The insufficient inflow of stablecoins to exchanges indicates a lack of buying pressure, but with the start of the new week, funds may begin taking advantage of the #BTC drop to accumulate it, which would bring new capital into #ETFs.

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#Opinion

#Opinion

💰 According to #CoinDesk, investors want to increase the share of cryptocurrencies in their portfolios, but they are put off by the complexity of entering the market, the widespread prevalence of scam projects, and regulatory uncertainty.

Experts at the portal note that, according to investment fund forecasts, the crypto market could exceed $10 trillion by 2030. This is a strong motivation to increase the share of cryptocurrencies in their assets to at least 7%. However, fear still outweighs greed.

Perhaps this is why there is so much buzz around #ETFs, as such instruments are seen by investors as the safest option 🤷‍♂️

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#Analysis #BTC

🪙 #Bitcoin continues its decline and is trying to hold at the support level of $57,000. The main reason for the price drop is the outflow of funds from spot #Bitcoin-#ETFs, which amounted to $37 million.

Meanwhile, experts from Outlier Ventures have calculated that we are currently witnessing the worst performance of "digital gold" post-halving. The previously observed fundamental pattern of the four-year cycle is breaking down, and after 125 days, we see a decline of about 8%.

🕯 In previous cycles, Bitcoin showed growth: 739% in 2012, 10% in 2016, and 22% in 2020.

Bitfinex also provides negative forecasts, suggesting that after a Fed rate cut, instead of a market rally, we might see an even greater decline—down to $40,000 per BTC if a bearish scenario unfolds.

Still believe in Bitcoin?… 😢

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Since the launch of spot #Ethereum-#ETFs, the average market depth for #ETH pairs has dropped to $14 million.

Now, it has become much easier for big players to manipulate the price 🕯

#FigureOfTheDay

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