EIA New Reformulated Gasoline Inventories in the U.S. for the week ending May 16

#Dencun升级会促进ETH及L2全面上涨吗？# After the dust settled on BitcoinSpot ETFs, the market turned its attention to EthereumSpot ETFs. After the approval of the BitcoinSpot ETF, the price of Ethereum soared, rising above $2,700 on January 13, hitting a new high since May 9, 2022, but then fell sharply. As of now, the deadline for the decision of the three EthereumSpot ETFs that have filed applications is the end of May 2024, before which the U.S. SEC needs to make a final decision on whether to approve or not. They are VanEck Ethereum ETF, Ark 21Shares Ethereum ETF and Hashdex Ethereum ETF, with final deadlines of May 23, May 24 and May 30, respectively. However, the market has different views on the outcome of the approval of EthereumSpot ETFs. Eric Balchunas, an analyst at Bloomberg ETFs, said there was an estimated 70% chance that ETHSpot ETF would be approved in May. Volatility Shares co-founder Stuart Barton is also optimistic, saying that the fact that regulation allows futures-based ETFs to list is enough to show that they see Ethereum the same as Bitcoin, and it can be inferred that regulation may not consider Ether to be a security and will not regulate it as a non-registered security. U.S. investment bank TD Cowen believes that the SEC will not approve EthereumSpot ETFs anytime soon, saying in its report that the SEC wants to gain experience from Bitcoin ETPs before approving Ethereum or other Crypto Assets ETPs. The wait for approval may not last as long as 26 months, but it will most likely not be until after the U.S. presidential election. JPMorgan analyst Nikolaos Panigirtzoglou also said that if the SEC approves the SpotEthereum of ETFs in May, it will need to classify Ethereum as commodities rather than securities, similar to Bitcoin, but this is far from certain, so it believes that the probability that the SEC will classify Ethereum as commodities by May will not exceed 50%.

Top 5 spot Bitcoin by total cash inflows as of yesterday: BlackRock: $1.23 billion Fidelity: $1.06 billion Bitwise: $393 million ARK 21Shares: $319 million Invesco Galaxy: $194 million

Here are the Bitcoin (BTC) Price Predictions of 13 Banks and Analysis Companies for 2024! Bitcoin (BTC) could surpass $100K this year. The year 2023 has been extremely successful in the cryptocurrency industry. While the leading cryptocurrency Bitcoin (BTC) made sharp rises in 2023, it was observed that altcoins also experienced very serious increases. All eyes are now on Bitcoin's price movements in 2024. Major crypto players expect significant increases in BTC this year as well. Here is a list of Bitcoin (BTC) price predictions for 2024 from major investment banks and analytics firms: VanEck $70,000 Standard Chartered $100,000 Fidelity $100,000 Franklin $150,000 Ark Invest $150,000 Bitwise $80,000 Bernstein $150,000 Arthur Hayes $70,000 Messari $60,000 Bit Mining $75,000 CoinShares $80,000 Hashed $100,000 Matrixport $125,000 In the 2024 Bitcoin price prediction, the lowest estimate was made by the research company Messari with 60 thousand dollars, while the highest estimate was made by 3 investment banks/asset management companies named Franklin, Ark Invest and Bernstein with 150 thousand dollars. When we examine the latest predictions, it will be a surprise for all investment banks and analytics companies that Bitcoin will enter a downtrend in 2024. #圣诞愿望# #ChristmasWish# #ContentStar# #HotTopicDiscussion# #Gate post Highlights# #Thanksgiving#

eth spot etf is divided into two documents, 19B-4 and S1. Both documents must be approved for institutional trading of etf. It should be on the 23rd in the US, which is in the early morning of the 24th for us, from 2-4 am. Those who have time can follow it. There are three Ethereum ETFs, namely VanEck Ethereum ETF, Ark 21Shares Ethereum ETF, and Hashdex Ethereum ETF, with final deadlines on May 23rd, May 24th, and May 30th. According to Cointelegraph, the SEC must also make a decision on Grayscale's application by June 18th and on Invesco's application by July 5th. The decisions on Fidelity and BlackRock's applications must be made by August 3rd and August 7th respectively. In addition, this spot ETF does not have the stake function, which has also led to several institutions withdrawing their ETF applications. On the 24th, Nvidia announced its Q1 financial report, and the US released the Consumer Confidence Index for May and the expected annual inflation rate for May. Following the interest rate meeting on June 13th (interest rate meeting with a dot matrix chart, directly related to whether there will be an interest rate cut in July) Contract players pay attention to safety. AA seems to have been heavily criticized for its recent listings. Almost all of the coins listed in the past year have high market capitalization and large lock-up positions, with low circulating supply. Once listed, they have a market capitalization of billions. Now it seems to be leaning towards the meme route, with small market capitalization and full circulation. Those interested in popular tracks may want to pay a little attention. (The above is only my personal opinion, not investment advice. If I'm right, I will take a screenshot and post it three times a day. If I'm wrong, I will pretend to be dead.)

📆 Flash News 20/03/2024 1️⃣Gate.io bigdata indicates that amid BTC and ETH price volatility, liquidations reached $587M in the past 24 hours, with BTC at $166M and ETH at $134M. 2️⃣The U.S. SEC delays decision on Hashdex and Ark 21Shares Ethereum ETFs, extending deadline to May 30th. 3️⃣Bitcoin spot ETFs witness significant net outflows, causing broad decline in blockchain stocks. 4️⃣Crypto fear and greed index at 74, with market greed sentiment slightly decreasing. 5️⃣Altcoins dip alongside the market, with SOL and AVAX dropping over 10% and FRONT down by 24% in 24 hours.