Ether ETFs on the move, Messi promotes memecoin, and more: Hodler’s Digest, July 7-13
VanEck and 21Shares submit updated Ether ETF filings, Goldman Sachs to launch tokenization products, and Messi promotes memecoin.
Asset managers VanEck and 21Shares amended their S-1 forms for their prospective Ether exchange-traded funds (ETFs) with the US Securities and Exchange Commission on July 8. While a specific launch date was not given in either of the amended filings, experts suggested a July launch window for the Ethereum ETFs.
Soccer sensation Lionel Messi made waves this week by promoting WaterCoin on his Instagram stories. The Solana-based memecoin claims to be a charity project focusing on water conservation and water-related issues, with purported plans to become a full-fledged ecological coin in the future. Note that investing in memecoins can carry substantial risk; always do your own research before making any investment.
The average Bitcoin transfer fee dropped to 2020 lows on July 7, when the metric hit $38.69. This quantitative measurement is determined by dividing miner profits by the total transactions successfully posted to the blockchain. According to recent data from CryptoQuant, the Bitcoin hashrate drawdown also reached December 2022 levels in July, suggesting that mining operations are capitulating.
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Author: Editorial Staff
