Fidelity Submits Bitcoin ETF Application US CME Plans to Offer ETH/BTC Futures |

Summary of important bulletins on the morning of the 30th

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

Fidelity Bitcoin ETF Application Submitted (Attention: ★★★★☆)

US financial giant Fidelity has filed a physical Bitcoin ETF application with the SEC.

The ETF will be called “Wise Origin Bitcoin Trust” and will introduce a monitoring sharing agreement, similar to applications such as BlackRock.

In its application, Fidelity also pointed out the loss of market participants due to the bankruptcies of crypto custodians and centralized exchanges after 2022, suggesting that products like physical bitcoin ETFs would protect many investors. I would have done it.

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

German authorities disapproval of Binance’s custody license application (attention: ★★★★☆)

The German Federal Financial Supervisory Authority (BaFin) has reportedly rejected the custody license application of cryptocurrency exchange Binance. It is unclear whether the non-recognition is a formal decision from BaFin or an intention expressed during ongoing talks.

Most recently, Deutsche Bank AG also announced that it had applied for permission from BaFin to operate a cryptocurrency custody service.

As for Binance, it has also been revealed that European banking partner Paysafe Payment Solutions will be discontinuing its Euro (EUR) deposit and withdrawal services on September 25. Binance is currently looking for alternative banking partners.

connection: What is Binance Japan (tentative name)?Thorough explanation of expectations and impact

US CME ETH/BTC Futures to Launch (Attention: ★★★☆☆)

Major US derivatives exchange CME (Chicago Mercantile Exchange) has announced plans to offer ether/bitcoin (ETH/BTC) ratio futures from July 31st. Requires CFTC approval.

The way the ETH/BTC currency pair works is that CME Ethereum Futures Final Settlement Price is divided by CME Bitcoin Futures Final Settlement Price to determine its value.

CME currently offers Bitcoin (BTC) and Ethereum (ETH) futures and options trading.

Canada 3iQ Coinbase to use ETH staking (Attention: ★★★☆☆)

Canadian ETF issuer 3iQ is partnering with Coinbase to stake Ethereum.

3iQ currently offers an Ether Fund and an Ethereum ETF (The 3iQ Ether ETF), and plans to earn rewards by staking the underlying asset, ETH. Starting around August 28, the ETH staking rewards earned will be reflected in the NAV (Total Net Assets of Mutual Funds).

connection: The market size of DeFi “LSDfi” for liquid staking has doubled from the previous month

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