Proposal for Hashdex's Ethereum ETF has been withdrawn.
Nasdaq posted a notice of withdrawal on Tuesday, a week after the U.S. Securities and Exchange Commission approved 19b-4 forms for eight Ethereum ETFs, excluding Hashdex.
The fund planned to invest in ether, ether futures contracts listed on the CME, cash and cash equivalents.
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Analyst: Gold Demand From China Continues Supporting the Bull Market.
Jan Nieuwenhuijs, a gold market analyst, has assessed the state of the gold market, reporting that growing demand from both the private market and the People’s Bank of China (PBOC) has been instrumental in the rise of gold prices. Chinese private investors purchased 543 tonnes during Q1, while the PBOC acquired 189.
On May 21, with the potential approval of several spot ethereum exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC), Grayscale’s Ethereum Trust (ETHE) saw its discount to net asset value (NAV) reach its lowest point since 2021.
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Kraken, a U.S.-based cryptocurrency exchange, insists it will keep USDT listed in European markets as long as regulations regarding stablecoins are not finalized. Mark Greenberg, Global Head of Kraken’s Asset Growth and Management Business, clarified they will “continue to look at all options to offer USDT under the upcoming regime.”
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Crypto Mining Surge and Erratic Weather Strain Laos' Power Grid.
A report released on May 16 highlights how increased electricity consumption due to crypto mining and inconsistent rainfall have led to power shortages in Laos, challenging its goals as a hydropower exporter in Southeast Asia.
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Notes by Crypto's Truth | export