Analyses
Daily News Summary 19/6
June 19, 2024
Bitwise Updates Spot ETH ETF Application
Bitwise has updated its registration form for the spot Ethereum exchange-traded fund (ETF). The documents reveal that Bitwise Investment Manager’s affiliated entity will purchase the initial share baskets for $2.5 million. According to the asset manager, Pantera Capital is interested in purchasing $100 million worth of shares. Bloomberg ETF analyst James Seyffart predicts that spot Ethereum ETF products are expected to launch before July 4.
SEC Concludes Investigation into Ethereum 2.0
Consensys Software, the company behind the popular MetaMask crypto wallet, announced that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Ethereum 2.0. The SEC will not press charges on the grounds that the sale of ETH constitutes a securities transaction. However, Consensys stated that the fight continues, and in the ongoing lawsuit, they seek a declaration that the MetaMask Swaps and Staking user interface software service does not violate securities laws.
Iran's CBDC Begins First Live Test Phase
Iran has announced the launch of the Central Bank of Iran (CBI)’s public pilot project for the digital rial. The national digital currency will target domestic micropayments and will first be deployed in the Kish Island free zone as a test. This popular tourist destination will make the digital rial available to both bank customers and tourists.
Laser Digital Receives Full Brokerage License in Abu Dhabi
Laser Digital, the crypto division of Nomura, has obtained its financial services permission from the Abu Dhabi Global Market’s Financial Services Regulatory Authority, granting it a full brokerage license in Abu Dhabi for both traditional and digital assets. This license allows Laser Digital to offer broker-dealer, asset management, and fund management services in the region for both digital and traditional assets.
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