🌙 ETH ETFs Coming This Summer

SEC Chair Gary Gensler estimated that the S-1 approvals for spot ether ETFs could occur sometime by the end of this summer.

Author

Mike Gavela
June 13, 2024

Crypto Roundup - June 13

Gary Gensler, Chairman of the SEC, indicated that Ethereum ETF approvals are likely to occur over the summer, marking a significant milestone in the crypto space. This potential move could provide more institutional access to Ethereum and boost its mainstream adoption. Meanwhile, MicroStrategy has announced a proposal for $500 million in convertible notes to increase its Bitcoin holdings, reflecting its continued bullish stance on Bitcoin despite market volatility. In another major development, Paradigm has successfully raised $850 million for its third investment fund, aimed at furthering its influence in the cryptocurrency industry. This significant raise demonstrates strong investor confidence in Paradigm's strategy and the long-term potential of the crypto market.

Top Stories:

  • Ethereum ETF approvals are likely this summer, according to SEC Chairman Gary Gensler.

  • MicroStrategy proposes $500 million in convertible notes to boost its Bitcoin stash.

  • Paradigm raises $850 million for a third investment fund, signaling continued investment in the crypto sector.

TOP STORIES

Gensler says Ethereum ETF S-1 approvals likely 'over the course of this summer'

Sen. Bill Hagerty (R-TN) also chastised Gensler's rule-making for the cryptocurrency industry, saying the agency's "roadblocks" have spurred U.S. companies to move abroad.

www.theblock.co/post/300021/gensler-says-ethereum-etf-s-1-approvals-likely-over-the-course-of-this-summer

MicroStrategy Proposes $500M Convertible Notes to Boost Bitcoin Stash

The Nasdaq-listed firm currently holds 214,400 BTC.

www.coindesk.com/business/2024/06/13/microstrategy-proposes-500m-convertible-notes-to-boost-bitcoin-stash

Paradigm raises $850 million for a third investment fund

Following reports in April it was discussing a new fund, Paradigm has officially announced its third fund focused on crypto investments.

www.theblock.co/post/300046/paradigm-raises-850-million-for-a-third-investment-fund

FUNDRAISES

OTHER HEADLINES

Bitcoin Miner Bitfarm Shares Surge as Riot Takeover Turns Hostile - Decrypt

Bitfarms sets its sights on Pennsylvania as it attempts to shake off Riot Platform’s newfound influence.

decrypt.co/235304/bitcoin-miner-bitfarm-shares-up-17-percent-riot-hostile-takeover

U.S. Judge Signs Off on $4.5B Terraform-Do Kwon Settlement With SEC

The settlement bans Kwon and Terraform Labs from buying and selling crypto asset securities while agreeing to pay $4.5 billion in disgorgement, prejudgment interest, and civil penalties

www.coindesk.com/policy/2024/06/13/us-judge-signs-off-on-45b-terraform-do-kwon-settlement-with-sec

Biden nominates CFTC Commissioners to top spots at FDIC and Treasury Department

President Biden tapped crypto conscientious CFTC Commissioners Christy Goldsmith Romero and Kristin Johnson to positions at the FDIC and Treasury, respectively.

www.theblock.co/post/300072/biden-nominates-cftc-commissioners-to-top-spots-at-fdic-and-treasury-department

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