Application for US spot-type Bitcoin ETF, SEC examination started | Summary of important bulletins on the morning of the 19th

Summary of important breaking news on the morning of the 19th

This is a summary of notable news related to virtual currency until the morning of Japan time.

Bitcoin ETF Examination Countdown (Attention: ★★★★☆)

The SEC has started reviewing some physical bitcoin ETFs that have been applied for in the United States.

The review started from the date of publication in the Federal Gazette, and at this time Bitwise’s “Bitcoin ETP Trust” has been published on the 18th. Also on the 19th will be filings from BlackRock, Fidelity, WisdomTree, VanEck and Invesco.

Upon publication in the Federal Register, each application will be subject to an initial 45-day review period, with a decision on approval deferred for up to 240 days.

connection: What is an exchange traded trust “Bitcoin ETF”? | Why the application of BlackRock attracts attention

Ark Invest Coinbase Stock Selling Continued (Attention: ★★★☆☆)

US hedge fund Ark Invest continues to sell its shares in Coinbase.

According to the data, three funds, ARKK, ARKW and ARKF, sold a total of 248,838 shares on Monday and took profits. It was the equivalent of $26.3 million.

Ark also sold Coinbase shares last week. A total of 613,508 shares were liquidated on Tuesday and Friday. The company appears to have taken a position on Coinbase in the past year.

Coinbase shares have nearly tripled since the beginning of the year and continued to be bought despite the SEC lawsuit. A partial victory in last week’s Ripple lawsuit could also benefit Coinbase.

connection: SEC Chairman Gensler makes first comment on Ripple trial ruling

Polychain raises $200 million in 4th fund (Attention: ★★★☆☆)

Major cryptocurrency venture capital firm Polychain Capital has reportedly raised $200 million in its fourth fund.

The fundraising is not finished and plans to raise another $200 million. The procurement plan was reported in March this year.

Polychain is a leading VC in the industry, managing assets worth $6.6 billion as of March 2022. The portfolio includes companies like dYdX, Celestia, Coinbase and Dfinity.

Partnering with Microsoft Meta (Attention: ★★★☆☆)

Microsoft announced an AI (artificial intelligence) partnership with Meta at an event for partner companies on the 18th. Microsoft’s stock price rose 3.98% from the previous day.

This time, it will be a corporate alliance in the AI ​​field other than OpenAI, which is an investee, and CEO Nadella said that collaboration with external companies could bring about a potential market of about 2.5 trillion dollars.

In partnership with Meta, we plan to provide Meta-generated AI through Microsoft’s Azure cloud platform.

At the same event, Microsoft announced that it will offer a new commercial AI tool, Microsoft 365 Copilot, for $30 per user per month. So far, the company has been conducting tests with about 600 customers, including major automaker General Motors (GM).

List of major economic indicators after this week (Attention: ★★★★☆)

List of major economic indicators after next week

・7/18 (Tue) 21:30 US June retail sales
・7/19 (Wednesday) 18:00 EU June consumer price index
・7/20 (Thursday) 21:30 Number of new unemployment insurance applications for the previous week
・7/21 (Friday) 08:30 Japan June National Consumer Price Index
・7/27 (Thursday) 03:00 Policy rate announcement after the US FOMC meeting ・Fed Chair Powell regular press conference (03:30)…

— CoinPost Virtual currency media[WebX held in July](@coin_post) July 18, 2023

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