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‘Ethereum (ETH) Spot Exchange Traded Fund (ETF) Application’ Bitwise released an official advertisement containing the advantages of the Ethereum Spot ETF on the 20th. Bitwise's advertisement humorously expressed the message that the Ethereum spot ETF has an advantage in efficiency and dynamism compared to traditional finance. Bitwise submitted a revised version of the ETF securities report 'S-1s' to the U.S. Securities and Exchange Commission (SEC) this week. The Ethereum spot ETF only requires approval of S-1s before market launch.
2. MicroStrategy sells bonds and ‘purchases’ 11,931 Bitcoins
MicroStrategy, led by 'Bitcoin (BTC) big player' Michael Saylor, acquired 11,931 bitcoins at an average purchase price of $65,883 this week through sales of about $800 million in corporate bonds. MicroStrategy announced in an official statement on the 20th that it sold corporate bonds with a maturity date of 2032 a week ago and purchased additional Bitcoin, currently holding a total of approximately 226,331 Bitcoin.
3. Peter Brandt predicts the end of Tether
Famous trader Peter Brandt pointed out Tether's operational problems and predicted the collapse of Tether (USDT), the stablecoin with the largest market capitalization. Brandt hinted at the end of Tether along with the end of the US dollar in his X account on the 20th. He pointed out that Tether not only failed to prove its dollar reserves through an accounting firm, but also received a low rating from a credit rating agency, claiming that Tether would face its demise.
4. North America’s first Solana spot ETF applies for approval for the first time in Canada
Canadian asset management company 3iQ submitted an application for approval for the Solana (SOL) spot exchange-traded fund (ETF) to the Canadian Securities and Exchange Commission on the 20th. The application submitted by 3iQ described the official listing on the Toronto Stock Exchange as an ETF that tracks Solana spot prices, and named the official ticker name 'QSOL'.
Reporter Seungwon Kwon ksw@
