What Happened on June. 21st | Racing to Launch Bitcoin ETF

TI Research

All of a sudden, a number of most well-known global asset manager start to apply for Bitcoin ETF at a interesting timing when SEC see Bitcoin as commodity but most of other tokens are securities.

In less than a week, three promient global asset managers races to submit fililing to the U.S. SEC to apply for a spot bitcoin exchange-traded fund (ETF).

The largest asset manager in the world, BlockRock, filed for bitcoin ETF on June 16. The firm has a eye-popping $9.1 trillion asset under management. Just days after BlockRock, another asset management firm WisdomTree submitted its Bitcoin ETF appliction. Another giant Invesco, who managed $1.5 trillion assets, also submitted its spot bitcoin ETF application on Tuesday.

In addition to Blockrock, Invesco, and Wisdom, rumors have begun circulating that Fidelity Investments may also follow suit to apply Bitcoin spot ETF. Fidelity has over $4.9 trillion assets under management.

Mark Yusko, founder of Morgan Creek Capital, said in a recent podcast that these large insitiutions may have been shorting bitcoin futures and buying the spot "it is hypothetically possible that since November of last year, when the futures-based ETF was issued," that large insititutions like JPMorgan and Blackrock have been "short the shit out of bitcoin". Similar things happen in gold market, "they make billions of dollars shorting the future and going long the physical."

Biggest Gainers & Losers

Source:TokenInsight Gainers and losers


$1.5 Trillion Asset Manager Invesco Reapplies for Bitcoin ETF: Investment management company Invesco (IVZ), which has $1.5 trillion assets under management, reapplied for a spot bitcoin (BTC) exchange-traded fund (ETF).

Hot projects on the market

SubWallet Releases Polkadot Staking Report H1 2023

Cardano Node Upgrade to boost Performance, DeFi TVL has Tripled Year-to-Date

Polygon Labs Proposes to Upgrade Polygon PoS Chain to ZK Layer2

Other news in case you missed it:

Paradigm Releases First Version of Ethereum Execution Node Reth


DeFi Infrastructure Portal Gate Closes $1.1 Million Seed Round Led by Apollo Crypto

Stablecoin Protocol Reserve to Invest $20 Million in Governance Tokens of Curve, Convex, and Stake DAO

Maverick Protocol Raised $9 million Led by Founders Fund




TI Research

TokenInsight is a data and research organization for the digital asset market. TI provides comprehensive asset-related data and comprehensive and timely information and research services for digital assets.

Use TokenInsight App All Crypto Insights Are In Your Hands