Speaking at a Bloomberg summit, US Securities and Exchange Commission (SEC) Chairman Gary Gensler stated that the process of launching Ethereum spot ETFs is going well. This and more news in this practical summary daily so that you are always informedwith events most latest that occur within the crypto world.
Ethereum spot ETFs wait for the SEC to list in the United States
📍SEC Chairman Gary Gensler stated that everything is going well with the process of launching Ethereum ETFs. However, Gensler still does not give a precise date for the launch of these investment instruments, while suggesting that the responsibility lies in the hands of the fund issuers.
A few days ago, the federal regulator announced that Ethereum spot ETFs would be approved this summer, without setting a precise date. Now, during a summit hosted by Bloomberg, Gensler stated that the approval process for the launch of cryptocurrency spot ETFs is progressing well and that “it is up to asset managers to make appropriate disclosures” for this process.
“It's really about asset managers making full disclosure so that those registration statements can become effective.”Gensler declared. “I don't know the specific time, but everything is still going”, confirmed.
It is worth remembering that the registration of Ethereum spot ETFs on the stock exchange was approved in April by the securities regulator. However, fund issuers are waiting for the SEC to approve the S-1 filings, so that these ETH-based investment instruments can begin trading on the market.
Bloomberg ETF experts believe that regulatory approval of these filings, and subsequently the launch and listing of these investment vehicles, could occur as early as early July. In recent days, fund issuers have been submitting their updated S-1 filings to the SEC; in some cases, setting out the funds' operating fees, seed investments and other key aspects.
Phantom integrates support for BTC
📍The Solana network-based wallet, Phantom, has integrated support for Bitcoin, the world's leading cryptocurrency. As part of its multi-chain vision, Phantom recently announced the integration of Bitcoin to its platform. This integration will not only allow Phantom users to manage BTC from their digital wallet but will also be able to mint NFTs from this blockchain.
The Phantom developers announced at X that users will be able to mint ordinals using the digital wallet, starting June 27, as part of a unique event designed to make history within the crypto market.
Phantom recommended those interested in minting ordinals from the wallet keep a small amount of BTC, to pay network fees, in a SegWit address.
Germany continues selling bitcoins
📍The German government moved another 400 BTC into exchange wallets. Blockchain analysis platform Arkham identified the German government's latest Bitcoin sale. According to the data, 400 BTC, valued at around $24,5 million, were deposited into exchange addresses recently. With this, Germany adds a total of 2.100 BTC, valued at more than $135 million dollars, which were moved to different exchange platforms for sale in the last week.
On the other hand, Arkham data shows that, as of June 18, the German government held a total of 49.860 bitcoins. However, at the time of writing this article, the country owns 46.359 BTC.
Market analysts suggest that the German government's moves coincide with accelerated outflows from Bitcoin spot ETFs and that all of this has been contributing to the cryptocurrency's correction in the market.
At the time of writing this article, the bitcoin price It is $61.900 dollars, with a weekly correction of 5%.
FTX creditors to vote on reorganization plan
📍Creditors of the failed exchange are preparing to vote on the company's reorganization plan. The company's creditors are reportedly preparing to vote on FTX's proposed plan to refund its users, following the latest bankruptcy hearing that took place in Delaware Bankruptcy Court.
The company's reorganization plan must be approved by Judge John Dorsey, who is handling the case, and then go to a vote by creditors.
However, according to The Block, the majority of those affected by FTX's bankruptcy oppose said reimbursement plan. The outlet reported that most creditors are rejecting the idea of being repaid in fiat currency and receiving their cryptocurrency holdings with the dollar value they had when the exchange filed for bankruptcy in November 2022. Instead, the Creditors are asking the company to return their cryptocurrencies in kind.
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