📈 BlackRock's Bitcoin ETF on the Verge of Eclipsing Grayscale's Fund

📊 BlackRock is challenging Grayscale's dominance in the bitcoin ETF space, rapidly approaching Grayscale's asset management levels. Grayscale initially led with around $24 billion but has seen outflows, while BlackRock's iShares Bitcoin Trust is catching up with $19.6 billion in assets.

💸 The fee differential is a major factor. Nate Geraci, president of the ETF Store, noted that Grayscale's fees are "too steep" compared to competitors. This has driven massive inflows to BlackRock's more affordable iShares Bitcoin Trust, positioning it next to Grayscale in terms of assets under management.

🏆 Fidelity's Wise Origin Bitcoin Fund and ARK's 21 Shares Bitcoin ETF rank third and fourth, respectively. Grayscale has experienced $17.5 billion in outflows this year, while BlackRock has seen substantial inflows.

🔖 Fee waivers by BlackRock, Fidelity, and Bitwise have made their funds more attractive. For example, Fidelity is waiving fees until August 1, and BlackRock waived a portion of its fee for the first $5 billion of assets.

💡 Geraci predicts Grayscale will continue to lose assets unless it adjusts its fees. However, some investors might stick with Grayscale to avoid tax events from selling.

🔮 A potential game-changer for Grayscale could be its planned mini version of its bitcoin ETF, which might offer competitive pricing to retain and attract investors.

#CryptoETF #BlackRock #Grayscale

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🛡The Federal Reserve is “confused” about whether it can develop and implement a central bank digital currency (CBDC), Emmer stated. President Joe Biden’s Executive Order on Ensuring Responsible Development of Digital Assets is proof of that, despite Powell repeatedly stating that it would not issue a CBDC without Congressional authorization.

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🚀 Shiba Inu Open Interest Explodes 85% Amid 15% Price Jump, Why This Is Important 🐶

Shiba Inu ($SHIB) is making waves in the crypto market with a surprising 15% price rally! 🌟 But the excitement doesn't stop there. SHIB's open interest has surged by an impressive 85%, signaling potential for more price action ahead. 🔥

📊 Shiba Inu Open Interest Surges 85%

The open interest in Shiba Inu has soared over 85% in the past day as the price began its recovery. Open interest measures the total investment in an asset's derivatives, indicating a significant influx of money into SHIB derivatives.

📈 The 85% increase comes from an average of two major exchanges: Binance and ByBit. According to Coinglass data:

Binance's SHIB open interest rose over 60%, reaching $136.79 million. This means around $82 million flowed into SHIB derivatives in one day.
ByBit saw a staggering 117.81% increase, with open interest totaling $96.16 million, indicating around $50 million in new investments.
Together, Shiba Inu's open interest is up by about $135 million in just 24 hours! 💰

📈 SHIB Price Still Seeing Upside

The surge in open interest is a bullish sign for SHIB's price. Historically, hitting new highs in open interest can push the price towards new peaks. Currently, SHIB is holding 24-hour gains of 7.77%, despite a slight correction.

During the rally, Shiba Inu briefly surpassed Cardano, claiming the 10th spot in market cap rankings, though it has since moved back to 11th. 📊

#ShibaInu #SHIB #Crypto

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🇺🇸 According to The Block, Joe Biden's 👤 campaign team is seeking advice on cryptocurrency from representatives of the crypto industry to develop future policy regarding digital assets and to support the growth of the crypto community.

Insiders told The Block that the interaction began about two weeks ago.

#Biden

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🙂🙂🙂 The market capitalization of PEPE now exceeds the total market capitalization of all major NFT projects across all blockchains.

#PEPE

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📄 BlackRock has updated its S-1 form for its Ethereum ETF with the ticker ETHA

👀 Since the 19b-4 applications were approved without ETH staking, all S-1 applications will also be without staking of #ETH 💰
👀 Eric Balchunas (Bloomberg analyst) predicts the application will be approved on July 4th.

#ETH

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🎙 Cathie Wood: Cryptocurrency Becomes an Election Issue in the U.S.

According to Cathie, the approval of the ETH ETF was influenced by two main factors:

🗣The recent passage of FIT21 by the House of Representatives.
🗣Growing involvement of Trump in the crypto community.

🟢Wood believes that Bitcoin could capture up to 20% of the global monetary supply, following the example of countries like El Salvador.

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💰 NOTcoin is in 12th place by daily trading volume

🛑#NOT increased by 150% (from $0.0046 to $0.0127) during the week.
🛑 The total capitalization of the coin is $1.2 billion.

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💬 NOT has grown by 135% over 7 days

The price of the token is now ~ $0.012
A week ago it was ~ $0.005$

💎 The dumbest thing you can do now is to buy back what you dumped at a loss (if you dumped it, of course).

And to make this post useful, here is a selection of popular sites for token analysis:

💬 CoinGecko
💬 CoinMarketCap
💬 TokenSniffer
💬 CryptoRank

#NOT
#useful


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🐸 The meme coin PEPE shows the highest percentage of users in profit, exceeding 90%.

#PEPE
#meme

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😎 DWF Labs has added new trading pairs with USDT, including DODO/USDT, to its over-the-counter trading platform DWF Liquid Markets, designed for institutional clients.

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🔹🔻 Polyhedra Network will change its ticker to ZKJ. At the same time, zkSync, a project by Matter Labs, is preparing to use the ticker ZK, having filed trademark applications in 9 countries.

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🏀Andrew Nembhard, a player for the Indiana Pacers, was spotted wearing a hoodie with an image of Satoshi Nakamoto.

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🏦Binance lists TURBO memcoin made on ChatGPT for $69

🛑 Binance Futures launches #TURBO token with 50x leverage.
🛑 Start of trading: May 30 at 18:30 (Moscow time).
🛑 Memecoin Turbo, created with ChatGPT, is up 2,000% over the past three months.
🛑 The project's initial budget is $69 and current capitalization is $450 million.

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Pepe down 17% from its peak: whales are dumping 😶

A whale sold Pepe for $9.52 million with a profit of $4.95 million, which was bought a month ago.

Major players are cashing out because the BTC consolidation has dragged on, and there's no certainty regarding ETH.

They might sell more... For meme tokens, a phase of being tested by a boring market has begun, questioning whether they can stay in trend 😭

#PEPE
#meme

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🟡 A list of significant public sales, releases, and project updates expected in June

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🌐 Oasis Labs announces a partnership with Google Cloud

🟠 Oasis Labs has launched a new product, Oasis PrivateSQL, on the Google Cloud Marketplace.
🟠 PrivateSQL enables data analysis while maintaining confidentiality.
🟠 Oasis Labs founder, Dawn Song:

The mission of Oasis Labs is to empower organizations to unlock the potential of their data without compromising privacy."

#Google
#OasisLabs

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📈 Weekly growth leaders May 21-28

🥂 PEPE leads the way with 49.88% growth

Followed by 💎 #NOT and #ONDO

🖤Here you can see the top tokens by growth and decline

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