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[Bloomberg: 701 new funds reported holding spot Bitcoin ETFs in the second quarter, and the total number of holders is close to 1,950]
According to Bloomberg, 701 new funds reported holdings in bitcoin spot ETFs following Wednesday’s deadline for filing second-quarter 13F reports, bringing the total number of holders to nearly 1,950.
Hedge funds, pension funds and banks continue to invest heavily in bitcoin spot ETFs as more traditional investors begin to embrace the asset class.
Capula Investment Management, Schonfeld Strategy Advisors and Steven Cohen ’s Point72 Asset Management also reported ETF holdings. Other buyers included the Wisconsin Investment Board and corporate market makers from Hong Kong to the Cayman Islands, Canada and Switzerland.
[New York Stock Exchange USA withdraws application to list and trade spot Bitcoin ETF options products]
NYSE American LLC has withdrawn its application to list and trade spot bitcoin ETF options products after proposing a rule change to enable the listing of these options on the Bitwise Bitcoin ETF and the Grayscale Bitcoin ETF.
The move comes a week after other exchanges including MIAX, MIAX Pearl and BOX Exchange withdrew similar proposals. Cboe also withdrew its application to list options on a spot Bitcoin ETF last week, but later resubmitted it, which could indicate that the SEC may be involved in the process.
[U.S. SEC approves the first leveraged longMicroStrategy ETF]
The U.S. Securities and Exchange Commission (SEC) approved the first long MicroStrategy ETF – MSTX. According to a press release issued by Defiance ETFs on Thursday, MSTX seeks to provide a long-term daily target exposure of 175% to MicroStrategy. MicroStrategy's stock (ticker: MSTR) has risen about 98% this year and currently trades at about $136 per share after the recent stock split.
[Agency: Strong U.S. consumer spending eliminates concerns about recession]
U.S. retail sales spending rose 1% from the previous month to $709.7 billion in July, dispelling concerns that the economy could be in a recession. Although the slowdown in hiring sparked a brief but sharp market panic last week, the strong retail data suggests that the impact of any contraction has not spread to consumers.
“The slowdown is happening, but it’s definitely measured and really nothing to be concerned about,” said Jeffrey Roach, chief economist at LPL Financial.
[The probability of the Federal Reserve cutting interest rates by 25 basis points in September has risen to 74%]
According to CME's "Fed Watch": The probability of the Fed cutting interest rates by 25 basis points in September is 74%, and the probability of cutting interest rates by 50 basis points is 26%. The probability of the Fed cutting interest rates by 50 basis points by November is 63.8%, the probability of cutting interest rates by 75 basis points is 32.6%, and the probability of cutting interest rates by 100 basis points is 3.6%.
[Powell will have a window to set the tone for the September rate cut next Friday]
Fed Chairman Jerome Powell is scheduled to speak on the economic outlook at 10:00 p.m. Beijing time next Friday, the first full day of the Kansas City Fed's annual economic symposium in Jackson Hole, Wyoming. The annual global central bank meeting provides Powell with an opportunity to make an updated assessment of the U.S. economic trajectory and monetary policy outlook between the Fed's July and September policy meetings. Last month, he said the Fed may consider cutting interest rates at its next meeting if inflation and the labor market continue to cool.
Author: BitpushNews Mary Liu
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