ChainCatcher message, regarding suspected community users launching the meme coin Eric Balchunas Coin on Pump, Bloomberg senior ETF analyst Eric Balchunas clarified in a post on platform X, stating: "I need to clarify that I neither created nor supported the meme coin; meme coins are not my thing."

ChainCatcher news, Bloomberg ETF analyst Eric Balchunas stated that the progress of several cryptocurrency ETF applications in the market varies, describing that "most ETFs are still running to first base, while the Litecoin (LTC) ETF is nearing third base."This comment was made in response to a user's question about the approval timeline for crypto ETFs, indicating that the LTC ETF may be progressing the fastest among numerous applications, while other ETFs (such as XRP, SOL, DOGE, etc.) are still in the early review stages.Earlier this week, it was reported that analysts predicted the approval probabilities for LTC, DOGE, SOL, and XRP spot ETFs, with LTC reaching as high as 90%.

ChainCatcher news, according to Bloomberg senior ETF analyst Eric Balchunas, Amplify has submitted an application for the Bitcoin Premium Income Fund (BITY). The fund will sell call options with a strike price 10% above the market to generate income.

ChainCatcher news, according to Bloomberg senior ETF analyst Eric Balchunas, Rex has applied for the Doge ETF and Trump ETF.In addition, as shown in the image, Rex has also applied for the ETH ETF, BTC ETF, SOL ETF, XRP ETF, and BONK ETF.

ChainCatcher news, Bloomberg ETF analyst Eric Balchunas posted on the X platform that Fidelity has reduced the fees for its Canadian Bitcoin ETF to 32 basis points, matching BlackRock, which just launched a similar product in Canada at 32 basis points.Currently, the fees from both companies are the lowest in the market. U.S. issuers have brought some competitive actions to Canada.

ChainCatcher news, Bloomberg ETF analyst Eric Balchunas posted on the X platform: "We have heard that the S-1 application for the Litecoin ETF has received a response from the SEC, which seems to confirm our prediction that Litecoin is most likely to be the next approved cryptocurrency ETF. That said, the new chairman of the SEC has not yet taken office, which is a huge variable."

ChainCatcher news, Bloomberg's senior ETF analyst Eric Balchunas posted on the X platform that in the 2024 top 20 ETF rankings, VOO closed at $116 billion, surpassing the old record by $65 billion; IVV closed strongly at $89 billion, and BlackRock's Bitcoin ETF IBIT ranked third with $37 billion.

ChainCatcher news, Bloomberg's senior ETF analyst Eric Balchunas shared an interview video of SEC Commissioner Hester Peirce on the X platform, in which Hester Peirce stated, "Most SEC commissioners in the past did not want things to go smoothly, but now there has been a shift to wanting things to go smoothly, which makes things much easier."Eric Balchunas noted that Hester Peirce appeared very happy, smiling, suggesting that the Ethereum ETF staking might be approved, as she mentioned that these products are "more useful" for investors.

ChainCatcher news, Bloomberg ETF analyst Eric Balchunas expects a wave of cryptocurrency ETFs to emerge next year, likely starting with a BTC + ETH combination ETF, followed by LTC, HBAR, and XRP/Solana.

ChainCatcher news, Bloomberg senior ETF analyst Eric Balchunas stated that the SEC, led by Gary Gensler, has rejected the application for the Solana ETF, and it is expected that the issuer will resubmit the application after the new SEC chairman Paul Atkins takes office.

ChainCatcher news, Bloomberg's senior ETF analyst Eric Balchunas disclosed on the X platform that BlackRock's IBIT reached a market value of $40 billion in just 211 days (only two weeks ago it reached $30 billion), breaking the record of 1,253 days held by IEMG. IBIT is now in the top 1% of all ETFs by asset size, surpassing the scale of all 2,800 ETFs launched in the past decade after just 10 months since its inception.

ChainCatcher news, Bloomberg senior ETF analyst Eric Balchunas posted on social media, "Bitcoin ETF saw a net inflow of $1.4 billion yesterday, setting a new historical high (influenced by the 'Trump effect').Among them, IBIT had an inflow of $1.1 billion in a single day. The total inflow over the past month reached $6.7 billion, and year-to-date inflows have reached $25.5 billion. Approximately 18,000 bitcoins were bought in a single day (compared to 450 bitcoins mined that day), and the total holdings of U.S. Bitcoin spot ETFs have now reached over 93% of the 1.1 million bitcoins held by Satoshi Nakamoto."

ChainCatcher news, Bloomberg ETF analyst Eric Balchunas posted on the X platform that BTC suddenly surged today, possibly in response to the U.S. presidential election.Eric Balchunas added, "If anyone thinks Bitcoin is not a good indicator to watch today, please tell me why. In my view, BTC seems to be a clean indicator because it's a topic in the campaign, while stocks and bonds are less important, but I'm open to other thoughts."

ChainCatcher news, Bloomberg's senior ETF analyst Eric Balchunas posted on social media, "The Bitcoin spot ETF has over 1,000 institutional holders in just two 13F reporting periods. This is unprecedented.There are 661 institutional holders for IBIT alone, with 20% of the shares held by institutions and large advisors, and this percentage is expected to reach 40% in the next 12 months. This is truly remarkable."It is reported that 13F is a document that the U.S. Securities and Exchange Commission (SEC) requires certain institutional investors to submit periodically, officially named "Form 13F." According to the regulations, investment management companies with assets under management exceeding $100 million (including hedge funds, pension funds, and other large investment institutions) must submit this report to the SEC quarterly.

ChainCatcher news, the 2024 Bitcoin Conference will officially start tonight at 9 PM Beijing time (8:00 AM local time in Nashville), with today's agenda focusing mainly on Bitcoin mining. Well-known mining companies such as Core Scientific and Riot Platforms will be giving speeches.Key speeches to watch today:Topic: FROM STRATEGY TO INNOVATION: BLACKROCK'S BITCOIN JOURNEYTime: 1:30 PM - 2:00 PM (Beijing time July 26 2:30 - 3:00 AM)Guests: Robert Mitchnick, Head of Digital Assets at BlackRock; James Seyffart, ETF Strategist at BloombergTopic: BITCOIN ON THE BALANCE SHEETTime: 3:00 PM - 3:45 PM (Beijing time July 26 4:00 - 4:45 AM)Guests: Eric Semler, Chairman of Semler Scientific; Dylan LeClair, Research Director at Bitcoin Magazine; Simon Gerovich, President of Metaplanet Inc.; Andrew Kang, CFO of MicroStrategyTopic: A LOOK BEHIND THE SCENES OF DEALS IN THE MINING INDUSTRYTime: 11:30 AM - 12:00 PM (Beijing time July 26 00:30 - 1:00 AM)Guests: Kevin Dede, Managing Director and Senior Research Analyst at H.C. Wainwright; Steve Weiner, Managing Director and Head of M&A at Cohen & Company Capital Markets; Andrew Bond, Chief Strategy Officer at Arkon EnergyFor the full conference agenda, please check the original link.

ChainCatcher news, Bloomberg ETF analyst Eric Balchunas stated on X that the trading volume of the spot Ethereum ETF ETHA on its second trading day was similar to the first day, and even slightly increased. This is a good sign, as often there is a significant drop after the hype on the first day.

ChainCatcher message, Bloomberg ETF analysts disclosed on X that there are less than 3 hours of remaining trading time on the first day for Ethereum spot ETF trading volume compared to Bitcoin spot ETF first-day trading volume.Ethereum spot ETF trading volume has now reached $618 million, while Bitcoin spot ETF first-day trading volume was $4.6 billion.

ChainCatcher news, Bloomberg ETF analyst Eric Balchunas posted on the X platform that the trading volume reached $112 million just 15 minutes after the launch of the spot Ethereum ETF. This is a huge number compared to a normal ETF issuance, but it is only about half of the trading volume of the Bitcoin ETF on its first day.

ChainCatcher news, Bloomberg ETF analyst Eric Balchunas posted on X platform: "It is reported that the SEC finally responded to the issuers today, requesting them to return the final S-1 filing (including fees) by Wednesday, and then apply for effectiveness after the market closes on Monday, so that it can be issued on Tuesday, July 23."

ChainCatcher news, Bloomberg senior ETF analyst Eric Balchunas disclosed on social media that, according to the disclosure documents, the Grayscale Mini Ethereum Trust and the 21Shares Ethereum Spot ETF have not set any fees for the time being.