🪙Asia prepares to introduce bitcoin-ETF

🇰🇷South Korea will approve an #ETF on #BTC if the opposition Democratic Party wins the upcoming election.

🇯🇵Japanese investment giant will launch a bitcoin-ETF for institutional investors.

🇨🇳A $284 billion Chinese fund has applied to launch a bitcoin-ETF through Hong Kong.

Mass adoption getting closer?

#News

⚡️Hong Kong may approve spot #bitcoin-ETF as early as April 15

In addition, the local SEC has updated the list of applicant companies to 18.

Hong Kong Stock Exchange will need another two weeks to prepare the listing after approval.

#News #ETF

⚡️South Korea's opposition party won the election

Why it matters

As we wrote earlier, the opposition is positive towards bitcoin, before the election they promised to approve #ETF for #BTC if they won.

Now we wait for the fulfillment of election promises and another step of Asian region to meet cryptocurrencies 💸

⚡️Hong Kong may approve spot #ETF to #ETH following bitcoin's lead

A decision is expected as early as Monday, April 15.

Is Asia charging full steam ahead? 🧐

#News

⚡️ Head of #SEC Gary Gensler gave an interview. Here are the key points:

🌐 We oversee a capital market of $110 trillion. #Cryptocurrency is just a small part of this market, but it comes with many issues and fraud.

📣 The media pays too much attention to the cryptocurrency market, although it is very small compared to other segments.

📈 A large number of tokens are securities.

⚙️ Approval of #ETF #ETH is being considered.

💪 #BTC has once again outperformed #gold, this time in terms of #ETF

By the end of the first quarter of this year, 937 professional firms invested in American spot #Bitcoin ETFs, while only 95 invested in gold.

❤️ — if you don't know what "professional firms" are and need a #dictionary

💸 #MorganStanley invested $269.9 million in Grayscale's spot #Bitcoin #ETF in the first quarter

Now Morgan is the largest holder of GBTC after Susquehanna International Group, who invested $1 billion.

First banks criticize #BTC, and then they buy it 🧠

⚡️ The #SEC might approve an #ETF for #ETH on May 23

For now, the decision will only apply to VanEck.
For the largest contender for launching ETH ETFs, #BlackRock, the review period is set for August 7.

Meanwhile, QCP Capital believes that if the spot ETH ETF is approved, we can expect #ethereum to reach $5000 this year.

#CryptoNews #Opinion

🔷 #Memecoins on #Ethereum are showing growth amidst news about #ETF

Certain coins are experiencing up to 161% growth due to speculative news 🚀

Meanwhile, forecasts for the price of #ETH, in the event of an ETF launch, predict it reaching $14,000 by the end of next year 💰

#CryptoNews

#Opinion

🔷 Analyst Eric Balchunas from #Bloomberg believes that the #SEC decision on the #Ethereum #ETF can be expected around 23:00 (GMT+3)

In January, the approval for the launch of a #BTC ETF was published around the same time 💰

In Eric's comments, there's some irony about whether we should expect a hack of the SEC account this time as well. Recall that a day before the official publication about the #bitcoin ETF, a message about the approval appeared on the SEC's page, causing a spike in the digital gold price. The SEC later stated that the account had been hacked.

So, #ETH to the moon? 🚀

🔥 — yes
🌚 — no

😰 They barely approved the #Ethereum #ETF and they're already discussing a #SOL ETF.

However, a SOL ETF might face several difficulties since there are no futures ETFs for SOL yet, and the #SEC has recognized #Solana as a security.

Meanwhile, #ETH has managed to break through $3,900 🚀

#CryptoNews

#Analysis #Bitcoin

🪙 The #BTC/#USDT price continues to consolidate near its all-time highs. Over the past week, the market received positive fundamental news regarding new #ETF instruments (this time for #Ethereum), which prompted traders to buy more actively.

As a result, since the beginning of May, the BTC price has been in a short-term upward trend after testing the lower boundary of the range.

📈 The range itself is formed between the support zone of 57 000 - 60 900 and the zone of resistance of 72 000 - 74 000. Recently, the #BTC price tested the first strong resistance level at 72 000. If buyer activity remains strong, a potential scenario to consider is the resumption of the bullish trend and further updating of highs with targets at the 80 000 level.

📉 An alternative scenario is possible if buying pressure is insufficient to break through the 72 000 - 74 000 resistance zone. In this case, it is likely that consolidation will continue, followed by a pullback to the lower boundary of this consolidation and a test of the support zone within the 57 000 - 60 900 range.

this is not a trading recommendation

#Opinion

🔷 The approval of spot #ETF on #ETH was a political decision

According to ARK Invest CEO Cathie Wood, the cryptocurrency issue became part of the Biden administration's agenda after Trump began using cryptocurrencies in his election campaign. Before this, none of the companies vying for ETF approval anticipated it, and the SEC was not engaging in dialogue with any of them 🤔

Meanwhile, experts expect an #Ethereum-ETF by the end of June.

🐶 Arthur Hayes predicts an #ETF for #DOGE

In a podcast with macro expert Raoul Pal, Hayes shared his vision for the future and stated that if #memecoins maintain their popularity, it is highly likely that we can expect a #Dogecoin #ETF.

To support his position, Arthur drew an analogy, suggesting that if people are willing to buy luxury goods just because of the well-known brand logo, then trading memecoins might also be acceptable for them.

🐳 — I'll invest in DOGE
🌚 — I'll invest in Birkin
🔥 — I'll invest in #KICK

#CryptoNews

🪙 #Bitcoin went down for three main reasons:

🔽 Decrease in stablecoin issuance — less new money is entering the market

📉 Decline in miners' revenue — they are forced to sell more #BTC to cover expenses

💸 Outflow from bitcoin-#ETF — major players have started to exert more influence on the market and are putting pressure on the price

Do you agree with this, and do you see any other reasons for the recent drop in the price of digital gold?

#Opinion

🔷 Andrew Kang believes that #ETH will not reach $4,000 anytime soon

According to him, the updated forms for #Ethereum #ETF applications will not be approved until the first or second quarter of next year.

#Opinion

⚡️ #Reuters reports on the launch of an #ETH-#ETF on July 4th

The agency's report cites its sources and claims that negotiations between the regulator and management companies are nearing completion.

Experts from #Bloomberg also report on the imminent launch of an ETF on #Ethereum, but according to their information, the launch could happen as early as July 2nd.

💯 — Ethereum is going to the moon
🍌 — It’s gonna go flat

⚡️ An application has been submitted to the #SEC for launching an #ETF based on #Solana

#VanEck has submitted an application to launch an exchange-traded fund based on #SOL, where the altcoin is referred to as a commodity, without the possibility of staking.

The coin immediately responded with growth, and analysts from #GSR stated that if spot Solana-ETFs are approved, a 9-fold increase in SOL can be expected.

#CryptoNews

#Opinion

🚀 #GSR predicts that #Solana could rise to $1300 if an #ETF is launched

Besides the price prediction, market maker specialists analyzed several assets based on technology, financial flows, decentralization, and market demand criteria. They concluded that #SOL has the highest chances for #ETF approval following the launch of an ETF on #Ethereum

#Opinion

🔷 Analysts from K33 Research predict that after the launch of an #ETF, #Ethereum will surpass #BTC in growth rate

In their opinion, trading could start as early as July 8, leading to a significant increase in the price of #ETH.

Meanwhile, #Bloomberg reports that the #SEC will approve the applications on July 12, and trading will begin in the middle of the month. If launched, experts foresee a capital inflow into the ETH-ETF of 45 billion dollars in the first year of trading 📈