Odaily News According to Farside Investors data, VanEck HODL saw a net inflow of $19.2 million yesterday.

Odaily News The U.S. SEC approved the Grayscale Bitcoin Mini Trusts 19b-4 form on Friday. According to the S-1 filing released in March, the trust is code-named BTC and will serve as a spin-off product of GBTC. A Grayscale spokesperson said the company is still waiting for its registration statement to take effect. The approval and effectiveness of the registration statement on Form S-1 will allow BTC to operate as a U.S. spot Bitcoin ETP along with GBTC and others. The Grayscale team will share more information about the listing date of Grayscale Bitcoin Mini Trust on the New York Stock Exchange Arca as soon as possible. (The Block)

Odaily News According to Farside Investors data, Grayscale ETHE had a net outflow of $356.3 million yesterday, and Grayscale ETH had a net inflow of $44.9 million. In addition, Bitwise ETHW had a net inflow of $16 million, Franklin EZET had a net inflow of $6.2 million, and 21 Shares CETH had no inflow/outflow.

Odaily News According to Farside Investors data, GBTC had a net outflow of $26.5 million yesterday, and BITB had a net inflow of $31.4 million. In addition, ARKB and EZBC had no inflow/outflow of funds.

Odaily News Trader T data shows that Grayscale ETHE has outflowed 17.3% in the past 4 days and is expected to outflow 50% within 12 days. It is worth mentioning that Grayscale GBTC outflowed 50% within 65 days.

Odaily News According to a preview of Geminis 2024 State of Crypto Survey, one in five Americans surveyed own cryptocurrency. The survey also revealed that of Americans who own cryptocurrency, 73% plan to consider the candidates stance on cryptocurrency when they vote for the next U.S. President. The survey was conducted by Data Driven Consulting Group on behalf of Gemini and surveyed 1,200 Americans between May 23, 2023 and June 28, 2024, with 233 cryptocurrency holders being part of the 1,200 Americans surveyed. Gemini also found that 38% of Americans who dont own cryptocurrency said they are concerned about how the law applies to the industry, which makes them reluctant to get involved. The survey showed that nearly half of the respondents who dont own cryptocurrency said that cryptocurrencies need to be more regulated.

Odaily News Ki Young Ju, founder and CEO of CryptoQuant, wrote on the X platform that the current round of Bitcoin bull market cycle may last until mid-2025. Ki Young Ju explained that old whales made profits during the bull market, and their selling brought new capital into the accumulation address, thereby increasing the actual price. The profit realization period of the past cycle was about 18 months, and this time it started 4 months ago.

Odaily News Steven Fulop, the mayor of Jersey City and a candidate for governor of New Jersey, said that municipal pension funds are investing in Bitcoin ETFs as an inflation hedge. Fulop noted that the investment is to hedge against inflation, and that he personally holds ETH in addition to BTC. The past few years have been very, very difficult, and it seems to be getting worse, not better, Fulop said of the rising cost of living in the state and across the United States. BTC is an important and relevant asset class that governments and businesses will generally hold as a means of preserving value. Fulop is running to succeed current Governor Phil Murph, who is not eligible for re-election. Fulop said that if elected, he would consider running to have New Jersey hold Bitcoin and to have cryptocurrency companies headquartered in the state. It is reported that several large cryptocurrency companies are currently located in Jersey City, just a four-minute subway ride from Wall Street.

Odaily News OKX market data shows that BTC has broken through 68,000 USDT and is now trading at 68,065 USDT, with a 24-hour increase of 5.25%.

Odaily News According to Whale Alert monitoring, USDC Treasury minted 50 million USDC at around 0:57 today. About three and a half hours ago, USDC Treasury had minted 50 million USDC.