Fidelity Investments, Invesco, VanEck, 21Shares, and WisdomTree have re-applied for spot Bitcoin ETFs, adding some new details to their applications. All five companies that re-submitted on Friday said that Coinbase Global Inc. will provide market oversight to support their funds (which was not mentioned in the previous application).

Bloomberg cited a person familiar with the matter as saying that Coinbase will also provide various services to other proposed fund issuers, including BlackRock, Valkvrie and Bitwise. In a recent filing, 21Shares said Coinbase will also provide custody services. Other issuers declined to confirm whether Coinbase would participate. Now more and more institutions want to apply for spot ETFs, which shows how big a piece of cake this is. Spot ETFs will be approved sooner or later, but not now.

Important news overview:

1. US SEC: Insufficient application documents for spot Bitcoin ETF:

2. Celsius is approved to convert altcoins into BTC and ETH from July 1;

3. Bank of New York Mellon’s cryptocurrency custody business violated SEC rules;

4. US federal court orders Kraken to hand over account and transaction information to the IRS:

5. Cryptocurrency ATM company Bitcoin Depot will be listed on Nasdaq on July 3:

6. Dior launches new men's shoe collection equipped with authentication system and accompanying "digital twin" NFT:

7. Chicago Board Options Exchange plans to update and resubmit spot Bitcoin ETF application documents:

8. CBOE updates spot Bitcoin ETF filing, designates Coinbase as a regulatory sharing agreement partner:

9. The U.S. SEC requires applicants for Bitcoin spot ETFs to clearly state the information of the spot trading platforms with which they have signed data sharing agreements.

BTC：

Last night, the SEC issued a document rejecting the application of spot ETF, which caused panic in the market and caused panic selling in the short term. Both mainstream coins and altcoins fell by about ten points, but strong coins pulled back and even reached new highs. This also shows from the side that this negative news is only temporary and has no impact on the overall bullish market. It also shows that the bulls are very strong, otherwise strong coins such as LTC and ETC would not reach new highs. Hua Ge judged that short-term Bitcoin is still a volatile market, and the main oscillation range is still 29500-31500. Yesterday, the lowest price fell back to 29500 to stop the decline and rebound, which can also be bought at a low price. Continue to maintain the strategy of buying low and holding, and the subsequent market will continue to reach new highs!

eth:

Ethereum is perfectly controlled, with low buying near the 120-day moving average. It has now tried to break through the platform pressure upwards. It is obvious that the trend is beginning to be stronger than Bitcoin. Once the pressure is stabilized, Hua Ge expects Ethereum to explode!

BCH：

Bch Hua Ge suggests that you pay attention to today’s closing situation. If it cannot be recovered, there will be a risk of reaching the peak. Bch Hua Ge suggests that you pay attention to risks in the short term.

ARB：

ARB still needs to wait patiently. It is still adjusting below the daily pressure and will explode only when it breaks through the pressure.

LTC:

LTC is in line with the judgment and has started a new round of rise. BCH has already pulled up a lot, and funds have begun to shift to LTC. LTC will definitely become the new leader. Hua Ge suggests continuing to hold the currency as the main thing, and it can still rise!

ETC：

Brother Hua of etc also helped everyone to make big profits. Counting from the low point of this wave, it has risen by 38 points. Brother Hua predicts that it is very likely to be the second dragon. ETC is generally not easily started, once it is started, it will continue to rise. It is recommended to hold the currency mainly.

Platform Coin:

BG has recently launched a new coin. Only those who hold BGB can participate. BGB is likely to rise in a wave, so you can make a short-term layout!

Wealth code:

Agix can be deployed at low prices. There will be an artificial intelligence conference in July, and Agix is ​​the leader!

The above analysis is for reference only and does not constitute investment advice!