$440 Million Inflow into Digital Asset Funds
When we examine last week’s report, we see that there was a total inflow of 441 million dollars into digital asset funds. With this entry, the previous three-week debut series ended. When we look at it in detail, the highest entry was in Bitcoin with 398 million dollars. On the Ethereum side, there was an inflow of 10.2 million dollars. Among the altcoins, Solana attracts attention with an entry of 16.3 million dollars.
Best Date for Spot Ethereum ETFs is July 18, According to Bloomberg Analyst
Bloomberg ETF analyst Eric Balchunas said yesterday that his best estimate for spot Ethereum ETFs is July 18, but he refrained from making a lower or upper estimate due to uncertainty. Additionally, Balchunas explained that the SEC requires applicants to submit application forms, but does not require them to declare fees. BlackRock, Fidelity, Grayscale, 21Shares, Franklin Templeton and VanEck have all completed their applications.
Exchanges Sent Back $163 Million Worth of Bitcoin to German Government
Earlier on Monday, the German government transferred more than 10,000 Bitcoins to exchanges and market makers and received back approximately 3,000 BTC later in the day. This came mainly from Coinbase, Kraken, and Bitstamp. Because these exchanges could not sell Bitcoin within the targeted price range. BTC’s price fluctuated, dropping to around $55,200 and then rising back to $55,400. Transfers included 5,200 BTC to Flow Traders, 4,200 BTC to B2C2 Group, and smaller amounts to Bitstamp, Coinbase, and Kraken. According to Arkham Intelligence, Germany holds more than $2 billion worth of Bitcoin.
BlackRock’s Tokenized Assets Fund Passes the $500 Million Level
BlackRock’s BUIDL fund, the world’s largest asset manager, has surpassed the $500 million mark in tokenized treasury assets, reaching $502.8 million since its launch less than four months ago, according to Etherscan. The fund’s rapid growth has been supported by a recent acquisition from Ondo Finance. BUIDL surpassed the Franklin OnChain US Government Money Fund (BENJI) at the end of April to become the world’s largest tokenized treasury fund, a position it has maintained since its launch on March 15.
Singapore Court Rules in Favor of Fantom Foundation
Fantom Foundation announced a legal victory against Multichain following the ruling by the Singapore High Court. The decision was taken together with the damage assessment hearing held on June 3, following the default decision against Multichain on January 30. With this legal decision, it was decided to pay 2.1 million dollars to the Fantom Foundation for the damages suffered by Fantom.
VanEck and 21Shares’ Solana ETF Plan Approved in Cboe Application
The Chicago Board Options Exchange has filed a formal request with the SEC to allow asset managers VanEck and 21Shares to offer the Solana ETF. The exchange filed 19b-4 filings with the SEC on Monday to list these products if approved. Once these applications are received, a 240-day period begins for the regulatory authority to make a decision. Cboe’s Rob Marrocco highlighted growing investor interest in Solana, the third most traded cryptocurrency after Bitcoin and Ethereum. Cboe currently lists six of the ten current spot Bitcoin ETFs offered by Fidelity, Ark/21Shares, and VanEck, and plans to list all five spot Ethereum ETFs once approved. Industry analysts expect the approval of Ethereum ETFs to happen soon.
Mt. Gox Bitcoin Distribution Will Start As Soon As Possible
Bitstamp, Mt. Gox will help distribute billions of dollars of Bitcoin owed to creditors. Bitstamp said on Monday that it plans to distribute the funds to investors as quickly as possible once it receives them. The exchange that Robinhood bought was Mt. According to the agreement with Gox trustees, Bitstamp has 60 days to distribute the tokens. Many crypto holders fear that the simultaneous release of this amount could crash the price of Bitcoin. Last week Mt. Bitcoin dropped almost 10% when Gox started transferring $2.7 billion worth of BTC from a cold wallet to an unknown wallet. According to Arkham, Mt. The total value of Bitcoin to be distributed by Gox trustees is approximately $8 billion. The German government still holds $1.5 billion worth of tokens. Experts predict that the release of these large amounts will further reduce the price of Bitcoin.
Polygon Investors Can Raise MATIC
Polygon investors remain optimistic despite recent price declines. This means that the steady 34% adoption rate and positive sentiment on the MATIC side points to its future potential. MATIC’s price is currently below the critical support level of $0.50, and a break above this level could lead to a rise of $0.60. However, a failure to break the $0.50 level could lead to the price falling to $0.45, invalidating the positive outlook. Investor confidence and stable adoption rates are critical to MATIC’s recovery and long-term prospects. The continued interest in MATIC also demonstrates recognition of its value and benefit.
Australia’s DigitalX’s Spot Bitcoin ETF Will Begin Trading on the ASX
Australia’s DigitalX said on Tuesday it had received approval to list its spot bitcoin ETF on the Australian Securities Exchange. According to the press release, the ETF will operate under the ASX ticker symbol BTXX and will begin trading on Friday. K2 Asset Management will act as the issuer of its ETF, and digital asset manager 3iQ will promote the ETF domestically and internationally.
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BITCOIN (BTC)
As of the morning hours, BTC is priced at $57,315 with a 1.0% gain in value. After the retest to $54,200, the upward movement seems to have started. The first support is $56,000. If there is an upward reaction from this region, $58,800 must be broken upwards. As resistance, $60,000 seems strong.
ETHEREUM (ETH)
ETH is priced at $3062 with a 1.44% gain in value as of the morning hours. It seems to have received a reaction after falling to $2816. If there is no persistence above $3100, the decline may continue. If it is sustained above $3100, there may be an increase up to $3500.
RIPPLE (XRP)
As of the morning hours, XRP is priced at $ 0.4332 with a 0.37% gain in value. It seems to have received a reaction at $0.38. $0.45 is working as resistance. If the decline continues, $0.30 may act as support. If $0.30 acts as support, $0.50 may reappear. For the rise, a break above $0.45 and persistence is required.
AVALANCHE (AVAX)
AVAX is priced at $25.41 with a 0.79% gain in value as of the morning hours. It seems to have received support at $22. The upward correction continued up to $27.50, but the decline continues due to selling pressure. If the decline continues, $20 can be determined as major support. Permanence above $27 is required for the rise.
SOLANA (SOL)
SOL is priced at $141 with a 0.85% gain in value as of the morning hours. When we examine the daily chart, we see that there is a pricing above the $ 140 level, which we follow as the resistance zone after yesterday’s reaction. If there is persistence above this region, first the 145 and then the 150 dollar level can be tested. In case of withdrawals, the $ 130 level appears as an important support zone.
CHAINLINK (LINK)
As of the morning hours, LINK is priced at $ 12,976, with a 1.04% loss in value. When we examine the daily chart, we see that there is some upward reaction movement from the $ 12 level, which we follow as the support zone. If this movement continues, the $13 level is an important resistance zone, and if it persists above this zone, the $14 – $15 levels may be tested again. In case of withdrawals, the $12 level appears as an important support zone.
WLD
WLD is priced at $1,892 with a 3.90% gain in value as of the morning hours. When we examine the hourly chart, we see that there has been a reaction from the $1.80 level, which we follow as the support zone, and that this zone is an important support zone. In upward movements, a move towards the $2 level may be possible by crossing the falling trend line and the $1.90 resistance level. In case of withdrawals, $1.85 can be followed as short-term support.
FTM
FTM is priced at $0.4464 with a 3.72% gain in value as of the morning hours. When we examine the hourly chart, we see that the falling trend line has been broken upwards. If this movement continues and persists above the resistance zone of $0.4530, the $0.47 level can be tested. In case of withdrawals, the $0.44 level can be followed as support.
OUNCE OF GOLD
Ounce Gold is priced at 2365 dollars with a 0.27% gain in value as of the morning hours. 2392 is currently working as resistance. $2350 appears as the new support. For an upward movement, it needs to get support from $ 2365 and pricing above $ 2400. If the pullback intensifies, $2330 is a major support.
OUNCE OF SILVER
As of the morning hours, silver is priced at $ 31.00 with a 0.79% gain in value. When we examine the four-hour chart, we see that the downward movement has broken upward. There was some selling pressure at the $31.50 level, which we follow as a short-term resistance zone. If there is persistence above this region, the $32 level can be tested. We see that the $30.80 level is an important support zone in pullbacks.
