Spot Ethereum ETF Issuers Update Fees And Seed Investments In Latest Filings
Various companies in the running for a share of the spot Ethereum ETF market have provided revised registration documents, offering more insight into seed investments and fees while awaiting final approval from the US Securities and Exchange Commission (SEC).
These firms, including Bitwise, Fidelity, VanEck, Franklin, 21Shares, Grayscale, and BlackRock, are all seeking the SEC's green light to start trading once their registration statements, known as S-1s, become effective.
It's important to note that just last month, the SEC approved 19b-4 forms for eight Ethereum ETFs, setting the stage for the next wave of crypto investment opportunities in the market.
Billionaire Michael Dell Posts Playful Tweet About Bitcoin
Michael Dell, the CEO of Dell Technologies, recently caught the attention of the crypto community with a light-hearted tweet featuring an AI-generated image of the beloved Cookie Monster munching on Bitcoin.
This fun interaction sparked a conversation about the concept of scarcity, with Michael Saylor of MicroStrategy joining in to highlight Bitcoin as a prime example of "Digital Scarcity."
Dell's history with Bitcoin dates back to 2014 when he announced that Dell would be accepting BTC payments. However, due to lackluster demand, the company discontinued support for Bitcoin payments in 2017.
Mt. Gox To Start Their Repayments In Bitcoin (BTC) And Bitcoin Cash (BCH) In July
After years of delays and legal battles, defunct crypto exchange Mt. Gox has revealed plans to kick off repayments to creditors using Bitcoin (BTC) and Bitcoin Cash (BCH) next week. The repayment process will unfold gradually to ensure the orderly distribution of funds according to the exchange's requirements.
With a history as one of the top crypto exchanges globally, Mt. Gox faced a major setback in 2014 when hackers compromised the platform, resulting in the loss of a substantial amount of Bitcoin.
Meanwhile, Tokyo-based investment firm Metaplanet Inc. is gearing up to issue bonds worth 1 billion yen to raise funds for purchasing Bitcoin to bolster their long-term investment strategy.
WikiLeaks Founder Julian Assange Flies Free After Plea Deal
After spending 12 years in a UK jail, WikiLeaks co-founder Julian Assange has struck a deal with the US Department of Justice, allowing him to depart the UK on a private jet.
Analysts speculate that this development is politically motivated, possibly designed to influence the upcoming US Presidential Elections scheduled for later this year, given Assange's significant following in the crypto space.
Germany Sells 900 Bitcoins To Coinbase And Kraken
A crypto wallet associated with the German Government has raised eyebrows after conducting three substantial transactions, totaling 900 BTC, with Coinbase and Kraken on June 25th.
These transactions, which form part of the German Government's efforts to liquidate seized assets, stemmed from the crackdown on the film piracy website Movie2k.to, from which German authorities confiscated over $2 billion worth of Bitcoin.
Moreover, the German crypto wallet still boasts a substantial balance of 46,359 Bitcoins, underscoring the government's ongoing involvement in the crypto market.
Congressman Matt Gaetz Introduces Bill That Would Allow Federal Income Taxes To Be Paid In Bitcoin
Congressman Matt Gaetz has put forth a bill aiming to enable tax payments to the federal government in Bitcoin, positioning the cryptocurrency as a legitimate alternative to traditional payment methods alongside the US dollar.
Despite the potential benefits of this proposal, regulatory hurdles must be addressed to ensure seamless adoption and compliance with existing tax laws.
Gary Gensler Says Ethereum ETF Process Is ‘Going Smoothly’
SEC Chair Gary Gensler has expressed optimism about the ongoing launch of spot Ethereum ETFs in the US, indicating that the process is proceeding without major obstacles.
While the exact timeline for approving Ethereum spot ETFs remains unclear, industry analysts anticipate that approval could come as early as next week, pending final reviews of issuers' disclosure statements.
Ripple CEO Brad Garlinghouse Clashes With Gensler Over Crypto Regulations
Ripple CEO Brad Garlinghouse has taken a strong stance against Gary Gensler's recent comments alleging widespread non-compliance in the crypto industry, suggesting that such rhetoric could impact the outcome of the upcoming US Presidential Elections.
Garlinghouse's public dispute with Gensler underscores the mounting tensions between crypto executives and regulatory authorities over the future of digital currencies in the financial landscape.
US Department Of State Announces $5 Million Bounty For OneCoin ‘Crypto Queen’
The US Department of State has escalated its pursuit of OneCoin founder Ruja Ignatova by offering a $5 million reward for information leading to her location and subsequent apprehension.
This announcement marks a notable development in the ongoing efforts to bring Ignatova to justice, highlighting the global collaboration to combat financial crimes in the crypto sphere.
Final Thoughts
As the week draws to a close, the crypto landscape remains abuzz with regulatory developments, market shifts, and notable figures making waves in the industry. Stay tuned for more updates on the latest news and trends shaping the world of digital assets and blockchain technology.
