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[ BlackRock , VanEck and other issuers submit revised spot Ethereum ETF S-1 form to the US SEC ]
BlackRock, VanEck, Franklin Templeton, Grayscale Investments, Invesco Galaxy and 21Shares all submitted revised S-1 forms for spot Ethereum ETFs to the U.S. SEC on Friday. Bitwise and Fidelity submitted the form earlier.
Two of the issuers have disclosed fees, with Franklin Templeton setting its Ethereum ETF’s fees at 0.19% and VanEck disclosing its fees will be set at 0.20%.
Eric Balchunas, senior ETF analyst at Bloomberg, said the product is still expected to be launched around July 2.
[Bloomberg: Standard Chartered Bank plans to launch Bitcoin and Ethereum spot trading platforms]
Standard Chartered is setting up trading desks for bitcoin and ether, making it one of the first global banks to enter spot cryptocurrency trading, according to people familiar with the matter, Bloomberg reported.
The new cryptocurrency trading unit is set to begin operations soon and will become part of the bank’s foreign exchange trading unit, two people familiar with the matter said on condition of anonymity. One of the people said the unit will be run from the company’s London office.
Pantera Capital is raising funds for its second TON token investment
Venture capital firm Pantera Capital is currently raising money for a new fund to double down on TON tokens, according to an email seen by The Block . Pantera Capital made its largest investment to date in TON tokens earlier this year and doubled down on the token shortly thereafter.
The fund, called the “Pantera TON Investment Opportunity,” aims to raise money to buy more TON tokens, according to the document. “We invite you to participate in the next round of funding for this investment opportunity,” the email read.
Interested investors have been asked to indicate their interest in the opportunity via a form by June 21, with a minimum investment of $250,000 per backer.
[ Opinion: The US SEC ended its investigation into Ethereum 2.0 to avoid litigation]
The U.S. Securities and Exchange Commission (SEC) previously stated that it had ended its "Ethereum 2.0" investigation into Consensys . Teresa Goody Guillén, a partner at BakerHostetler law firm and former SEC litigation attorney, told The Block that this does not mean that the commission definitely believes that Ethereum is not a security, but it does provide another data point that the commission has concluded that it will not currently file a lawsuit alleging that Ethereum is a security.
A former SEC enforcement attorney who spoke on the condition of anonymity said the SEC’s decision to drop the investigation may be because the risk of litigation was too great for the agency. “I think the important thing to remember is that I don’t think closing a case necessarily means they’ve decided it’s not a security, they may have just decided they didn’t want to risk a lawsuit,” he said.
[Bloomberg analyst: The potential asset management scale of spot Bitcoin ETF in the Asia-Pacific region will reach US$3 billion]
Bloomberg analyst James Seyffart said on the X platform that VanEck's debut of a spot Bitcoin ETF on the Australian Stock Exchange this week could help bring $1 billion in AUM to Australian digital asset ETFs (equivalent to $72 billion in the United States). Add to that the $1 billion we expect in Hong Kong and $1 billion in South Korea, and the potential AUM in the Asia-Pacific region will reach $3 billion.
[Dell CEO retweeted MicroStrategy founder's tweet "Bitcoin represents digital scarcity"]
Bitcoin Magazine posted on the X platform that Dell Group CEO Michael Dell retweeted MicroStrategy founder Michael Saylor 's tweet "Bitcoin represents digital scarcity."
[McKinsey forecast: By 2030, the market size of asset tokenization is expected to be less than $2 trillion]
According to Ledger Insights, McKinsey's latest forecast shows that by 2030, the market size of asset tokenization is expected to be less than $2 trillion, ranging from $1 to $4 trillion, which is much lower than the $16 trillion predicted by Boston Consulting Group (BCG) two years ago. In contrast, Bernstein and Citibank predict that the market size will reach $5 trillion by 2028 and 2030, respectively. McKinsey pointed out that financial innovations such as credit cards and ETFs showed an average annual growth rate of 100% in the first five years, and then the growth rate slowed to 50%, so a 75% compound annual growth rate was used for the forecast.
Author: BitpushNews Mary Liu
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