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Most of the applicants who applied for approval of the Ethereum (ETH) spot exchange-traded fund (ETF) completed the submission of a revised version of the ETF securities report 'S-1s' in accordance with the requirements of the U.S. Securities and Exchange Commission (SEC). Cointelegraph, a cryptocurrency media outlet, reported on the 21st that asset management companies such as VanEck, BlackRock, Grayscale, Invesco, Fidelity, and Franklin Templeton submitted Ethereum spot ETF S-1s documents to the SEC. Comprising the documents submitted by applicants, the average management fee rate for the Ethereum spot ETF is less than 0.2%. Bloomberg ETF researcher Eric Balchunas mentioned the document submission status of Ethereum spot ETF applicants and emphasized, “The Ethereum spot ETF will be launched in the first week of July.”
2. Solana developers announce the introduction of zero-knowledge compression in the Solana network
Mert Mumtaz, CEO of Solana network development platform Helius, announced the introduction of zero-knowledge compression in Solana Layer 1 network. On the 23rd, CEO Mumtaz explained through his
3. Michael Saylor “Bitcoin will eventually go to $10 million”
Michael Saylor appeared on a YouTube podcast on the 23rd, emphasizing the uncertainty of Bitcoin (BTC) and asserting that the value of Bitcoin would hit $10 million each. He explained that although the value of currencies and assets that have existed throughout history has easily changed depending on ideology and political interests, Bitcoin will not lose its value thanks to its unique characteristics. Saylor emphasized that the Chinese government and people will soon accept Bitcoin, and that all things considered, the value of Bitcoin will hit $10 million each.
Reporter Seungwon Kwon ksw@
