Key Developments
- SEC greenlights Ethereum spot ETFs: Trading expected to commence tonight (ET).
- Mt.Gox redistributes funds: Transfers 56,000 BTC (~$3.7B) to repayment exchanges.
- Coinbase to custody 8/9 ETH ETFs: Expands crypto ETF infrastructure role.
- Regulatory moves: SEC issues ETF approval notices; House passes crypto anti-financing bill.
Market Updates
Ethereum ETFs Launch Imminent
The U.S. SEC formally approved spot Ethereum ETFs, with trading set to begin tonight at 9:30 PM ET. Approved issuers include:
- 21Shares
- Bitwise
- BlackRock
- Fidelity
- VanEck
- Grayscale
👉 Track real-time ETF performance
Mt.Gox Repayment Progress
- Total transferred: 56,452 BTC ($35.6B) to Bitstamp, Kraken, and other exchanges.
- Remaining: 85,000 BTC pending distribution.
- Latest move: 5,110 BTC sent to Bitstamp (~$340M).
Institutional Activity
- Grayscale: Moved 292,262 ETH ($1B) to Coinbase pre-ETF launch.
- BlackRock's IBIT: Saw $523M inflows yesterday—highest since launch.
Regulatory Landscape
| Development | Impact |
|---|---|
| SEC issues ETF S-1 approvals | Final step before trading |
| House passes crypto anti-financing bill | Unlikely to pass Senate |
| Democratic Party nominee deadline | August 7 |
Project Highlights
- 21Shares files Solana ETF: Follows VanEck’s submission.
- Avail DA launches: Modular blockchain with $AVAIL token.
- Worldcoin defends practices: Denies insider trading claims.
- Binance Options: BTC/ETH contracts launching July 24.
FAQs
Q: When do Ethereum ETFs start trading?
A: Tonight at 9:30 PM ET (July 23).
Q: How much BTC has Mt.Gox repaid so far?
A: 56,452 BTC (~$35.6B), with 85,000 remaining.
Q: Which firms custody the new ETH ETFs?
A: Coinbase serves 8/9 issuers; others use competing services.
Q: Will Solana ETFs get approved?
A: Unlikely soon—SEC previously classified SOL as a security.
👉 Explore crypto investment strategies
Data Snapshot
- Telegram users: 950M monthly active (approaching 1B).
- FairShake PAC: Raised $200M—largest this election cycle.
- ETH Foundation sales: Sold 2,366 ETH this year at ~$2,916 avg.
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