Hello, Asia. Here is what is news on the markets:
Welcome to the morning briefing in Asia, a daily summary of the best stories during the hours and an overview of market movements and analyzes. For a detailed overview of the American markets, see the Americas of the Coindesk Crypto Daybook.
The newly launched Rex-Osprey Solana + staging (SSK)The first fund negotiated in exchange for crypto (ETF) In the United States, ended the day with a volume of $ 33 million, with Bloomberg ETF analyst Eric Balchunas, calling for the better launch than the average list of ETF.
$ Ssk Completed the day with $ 33 million in volume. Again, blows the ETFs in the long term Solana Futures ETF and XRP (or the AVG ETF launch), but it is much lower than the Bitcoin and Ether Spot ETF. pic.twitter.com/t6lkqwdxlc
– Eric Balchunas (@ericbalchunas) July 2, 2025
The ETF offers investors indirect access to Solana while earning staunch rewards without the need for technical expertise.
While the volume was much lower than the launch of ETF BTC and ETH, Balchunas noted that the volume of trading was much stronger than the recent lists of Fola Futures or the launch of the XRP FET.
Sol is negotiated over $ 150 on news, up approximately 4%, according to Coindesk market data.
At the end of May, the Securities and Exchange Commission ruled that participation in cryptography does not violate the laws on securities, opening the way for issuers to offer such puncture products.
There is no FNB Eth Staking currently offered in the United States, although 3iq offers one on the Toronto Stock Exchange.
The Hong Kong market regulator, the Securities and Futures Commission, published features in April, and local issuers offer ETH wake FNB on the city’s scholarship.
Blackrock’s Bitcoin Etf now exceeds its S&P 500 flagship fund
Blackrock’s ishares Bitcoin Etf (Ibit) now generates more annual income than sound ETF ISHARES CORE S&P 500 (IVV)According to a new Presto Research report.
Ibit, with only $ 75 billion in management as a management, should bring in $ 187.2 million per year, against its costs of 0.25%. IVV, on the other hand, holds 624 billion massive dollars but only invoices 0.03%, which makes a little less in absolute income.
The difference is not only a quirking of costs – it is a window on how institutional investors see exposure to cryptography in 2025. “Ibit costs are 8.3 times higher than IVVs”, notes Presto Research, “but investors are paying.”
In a world where each basic point is generally important, the desire to pay a btc premium via a confidence Wrapper underlines how early we are in the cycle of institutional adoption of Crypto. As Presto points out, even the trading costs at the basement point of Coinbase are higher, at 60 bps.
Ibit’s growth history also highlights the power of the brand. The institutions want Bitcoin, but they want it with the name of BlackRock on the label. While the FNB S&P 500 have become merchants, the Cryptographic ETFs always order premium prices.
With Ibit holding the share of the Lion of the Bitcoin ETF market entries, it is increasingly clear: the institutionalization of the crypto does not come. This is already happening.
Market movements:
BTC: Bitcoin jumped 3.6% over 24 hours to exceed $ 109,000, supported by a strong volume, a new support between $ 109,064 and $ 109,359 and improving global feeling following the American trade agreement despite continuous tensions of the Middle East.
ETH: ETH jumped from 8.6% to $ 2,608 in a high volume escape fed by institutional growth and bullish dynamics, forming new support for $ 2,565 and testing resistance to $ 2,617.
Gold: According to Reuters, HSBC has increased its gold price forecasts from 2025-2026 to $ 3,215 and $ 3,125 per ounce, citing geopolitical risks and high demand from investors, according to Reuters.
Nikkei 225: The markets in Asia-Pacific exchanged Thursday, with the Nikkei 225 of Japan down 0.15%, while investors awaited the details of the American trade agreement announced by President Trump.
S&P 500: The S&P 500 increased by 0.47% to 6,227.42 on Wednesday after Trump announced an American-Vietnam trade agreement, although a surprise drop in private June has raised economic concerns.
Elsewhere in crypto:
- Ripple applies for the Federal Bank Trust charter, XRP jumps 3% (Coindesk)
- The Moku business director shares why the crypto game is broken – and how to fix it (Blockworks)
- NY’s bankruptcy judge gives Celsius the green light to pursue a legal action of $ 4.3 billion against Tether (Coindesk)
