Bitcoin ETF
![BlackRock Revises Spot Bitcoin ETF Proposal Ahead of Rumored SEC Approvals](https://img.bitgetimg.com/multiLang/image/6299f53d31f34d2bed827abc27e365231703014928802.png)
Black Rock's ETF proposal now includes cash redemptions, a concession to the SEC that may improve the fund's approval odds.
![Larry Fink Got 'Orange-Pilled', Says Galaxy Digital's Mike Novogratz: Bloomberg](https://img.bitgetimg.com/multiLang/image/82bfae0a49f69b92c3ea368df00216671690826408810.C2A47H62ZBPRHXRHCHOGNJXB4.jpg)
Galaxy Digital CEO Mike Novogratz said Fink is "the most important thing that happened this year in bitcoin."
A lot can be learned from the listing of the first Gold ETF, but looking to the past also comes with some caveats.
![Bitcoin ETPs Witness Record-Breaking Monthly Inflows: K33 Research](https://img.bitgetimg.com/multiLang/image/ada2b324cdd7b3ae1e0260acf4bbf2cc1689753609504.K73NQF35NHRDEG3FNNVVJSUWQ.jpg)
ProShares’ Bitcoin Strategy ETF (BITO) has hit an all-time high bitcoin equivalent exposure of 4,425 BTC.
Spot bitcoin ETF applications from BlackRock and Fidelity, among others, had helped drive bitcoin higher over the past two weeks.
Fidelity previously applied for a spot bitcoin ETF in 2021, but the effort was rejected by the SEC.
Allaire spoke with Bloomberg at the World Economic Forum in Tianjin, China.
Investors poured in $65 million to BITO in the past week, the data shows, breaking its previous 2023 high of just over $40 million in April.
Invesco first filed for a Bitcoin ETF in the fall of 2021, but has since re-applied in light of BlackRock’s application.
The asset management giant included a surveillance-sharing agreement in its proposal, which could eliminate the risk of market manipulation related to bitcoin.
- 04:36Ethereum network Gas fee has fallen back to 2 gweiEtherscan data shows that the current Ethereum network Gas fee has once again fallen to 2 gwei.
- 04:35Linea TVL has fallen to 1.17 billion US dollars, with nearly 730,000 ETH transferred into the mainnet bridgeDune data shows that Linea's mainnet has bridged and transferred 729,690 ETH, with a transaction count of 1,179,162 and an interactive address count of 543,392. According to L2BEAT data, the current Linea TVL is $1.17 billion USD, with a decrease of 7.82% over the past seven days.
- 04:34Overview of Important Midday Developments on July 277:00-12:00 Keywords: USDC, BlackRock IBIT, Bitwise ETHW 1. Hong Kong's financial industry can explore launching stablecoin trading counters and institutional custody services; 2. Circle issued approximately $2.7 billion USDC in the past week; 3. Grayscale Ethereum Trust ETF saw a net outflow of $356.3 million yesterday; 4. As of July 25, BlackRock IBIT held over 338,000 Bitcoins, an increase of more than 1,092 from the previous day; 5. Bitwise ETHW holdings are approaching 80,000 ETH, an increase of nearly 5,000 from the previous trading day; 6. 10x Research CEO: Traders will not short Bitcoin this weekend, speculating that Trump's speech will push up the price; 7. QCP Capital: Ethereum's performance has been poor since the launch of the spot ETF, possibly due to factors such as a lack of staking; 8. BlackRock IBIT and Fidelity FBTC have entered the top 10 ETFs for inflows this year, with the highest returns.