JP Morgan has stated that the creation of a spot Bitcoin ETF by BlackRock and others is unlikely to have a significant impact on the crypto market, even if approved by the SEC. The bank noted that previous applications for spot Bitcoin ETFs have been rejected, and even if approved, there is no guarantee of investor interest. Additionally, the largest spot Bitcoin ETF in the world, Canada's Purpose Bitcoin ETF, has seen flat inflows for two years. While a spot Bitcoin ETF could simplify buying Bitcoin for the average consumer and add liquidity to markets, it may also redirect trading activity from existing U.S. Bitcoin futures.
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JPMorgan Claims Bitcoin ETFs Unlikely to be a Game Changer for Crypto Markets
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Real Vision founder: I agree with Michael Saylor's view that BTC will become the base layer of multiple assets
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MN Trading founder: Still satisfied with the decision to invest in altcoins, focusing on long-term investment
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Placeholder Partner: Narrow investor attitudes swing based on the performance of the tokens they hold. To avoid this problem, you need to go long on high-quality tokens
Placeholder partner Chris Burniske wrote in a post on X that "narrow-minded investors often behave fairly when their tokens perform well. Then, when their tokens perform relatively poorly, they remain silent or deal with it hastily...This situation is seen in every cycle. The key to avoiding this pathological situation is to go long on all high-quality tokens." -
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the joint statement between the People's Republic of China and the Republic of Peru on deepening their comprehensive strategic partnership states that both sides agree to strengthen cooperation in the fields of digital economy, technological innovation, digital transformation, technology personnel exchange, technology transfer, digital security, etc., and promote the development of exponential technologies such as artificial intelligence, robotics, the Internet of Things, blockchain, data analysis, nanotechnology, and telemedicine. -
CryptoQuant founder: Meme coins currently dominate because most altcoins lack fundamental narratives
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Trump pledges to fire SEC Chair Gary Gensler ‘on day one’ if reelected
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Cointime July 27th News Express
1. As of July 25, BlackRock IBIT held more than 338,000 bitcoins, an increase of more than 1,092 bitcoins from the previous day. -
As of July 25, BlackRock IBIT held more than 338,000 bitcoins, an increase of more than 1,092 bitcoins from the previous day.
BlackRock's official update on the Bitcoin ETF shows that as of July 25th, the market value of IBIT has reached $21,890,121,436.41, and the position has increased to 338,128.5551 BTC, an increase of 1,092.7881 BTC from the previous trading day. -
BlackRock IBIT saw a total net inflow of $705 million this week
TraderT monitored that Belad IBIT had a net inflow of 1,730 BTC yesterday, with a trading volume of 1.8 billion US dollars. In the 28th week since its listing, IBIT has accumulated a net inflow of 705 million US dollars.
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