Daily Market Briefing
2024/07/22 12:00 UTC+8
Analyst Views
“I predict that in the coming months we will see issuers applying for combined spot ETFs for BTC, ETH, and SOL. We are rapidly moving toward index-based and actively managed cryptocurrency ETFs.” - Nate Geraci, President of The ETF Store
“With Biden out of the race a crypto-friendly administration is set to take over the White House. Historically this has meant the SEC Chair resigns when a new administration is elected, although SEC Chair Gensler’s term ends on June 5, 2026. He will most likely resign in January/February 2025.” - 10x Research
"In the short term, U.S. President Biden's decision not to seek re-election and to support Vice President Harris is unlikely to have a substantial impact on the market. He believes that the market will continue to pay attention to the Fed's policy direction, which is the key factor driving the market." - Piers Bolger, Chief Investment Officer of Tianheng Asset Management
Market Hotspots
The U.S. Bitcoin spot ETF achieved a net inflow of US$1.196 billion this week, marking its third consecutive week of net inflow.
Bitcoin spot ETFs saw year-to-date net inflows reach $17 billion for the first time.
A smart investor bought another 213.78 BTC ($14.48 million). In the past 5 days, he has bought 677 BTC ($45.6 million).
A user sold ETH call options at $3,600 at the end of August, totaling 7,750 ETH, and earned a premium of $2.318 million.
Musk's private jet arrived in Tennessee four hours ago, possibly to attend the 2024 Bitcoin Conference.
