1. Market Observation
Keywords: ETF, ETH, BTC
Ethereum is currently struggling to break through the $2,800 mark, bringing uncertainty to the short-term price trend. In terms of institutional investment, the State of Wisconsin Investment Board (SWIB) and Barclays have adjusted their cryptocurrency investment portfolios, reducing their exposure to the Grayscale Bitcoin Trust ETF and increasing their holdings in the BlackRock iShares Bitcoin ETF. It is worth noting that the Abu Dhabi sovereign wealth fund has also purchased billions of dollars worth of the BlackRock Bitcoin ETF.
In terms of regulatory developments, the New York Stock Exchange (NYSE) has filed an application with the U.S. Securities and Exchange Commission (SEC) to introduce staking services in the Grayscale Ethereum ETF, which could bring additional returns to investors. Meanwhile, a federal judge in Texas has temporarily suspended the SEC's case against Bitcoin miner Geosyn after criminal charges were brought against three executives.
Regarding the future prospects of Bitcoin, market views are divided: some are optimistic about a breakthrough, while others believe the possibility of Bitcoin reaching $200,000 within this decade is relatively low. It is worth noting that Bitcoin trading activity has seen a significant decline by 2025, which may be related to the unstable mining environment. However, at the government level, the state of Michigan has proposed establishing a strategic Bitcoin reserve, indicating a positive attitude towards cryptocurrencies at the state level.
2. Key Data (as of 10:30 HKT on February 17)
S&P 500: 5,005.57 points (YTD +4.92%)
Nasdaq: 15,906.17 points (YTD +5.95%)
10-year US Treasury yield: 4.295% (YTD +41.5 bps)
US Dollar Index: 104.27 (YTD +2.96%)
BTC: $52,168 (YTD +22.14%), daily spot trading volume of $29.86 billion
ETH: $2,789 (YTD +15.23%), daily spot trading volume of $14.28 billion
3. ETF Flows (February 16 EST)
Bitcoin ETF: +$215 million
Ethereum ETF: +$120 million
4. Important Dates (Hong Kong Time)
US January PPI MoM (February 13 21:30)
Actual: 0.4% / Prior: 0.2% / Expected: 0.3%
US January Retail Sales MoM (February 14 21:30)
Actual: -0.9% / Prior: 0.7% / Expected: -0.1%
FOMC Meeting Minutes (February 20 03:30)
5. Hot News
This Week's Preview | FTX Begins Debt Repayment; Consensus Hong Kong to Open on February 18
Data: Tokens MURA, MELANIA, FTN to Face Large Unlocks, with MURA Unlock Worth About $85.4 Million
Bubblemaps: LIBRA and MELANIA Tokens Suspected to Be Operated by the Same Conspiracy Group
Argentine President Javier Milei Accused of Fraud Due to LIBRA Token Scandal
Cantor Fitzgerald Purchased Over $1 Billion Worth of MSTR Shares in Q4 Last Year
CZ: Hopes to See More On-Chain AI Agent Development, Refuses to Promote Specific Tokens
Greeks.live: Bitcoin Continues to Fluctuate Below $100,000, Market Wealth Effect Relatively Weak
Jupiter Co-Founder: No Direct Financial Interest in the $Libra and $Enron Projects
Solayer Developer: Funds Lost on LIBRA Were Only Personal Funds
CoinGecko Co-Founder: Crypto Market Saw 600,000 New Token Mints in January
LIBRA Team Behind Has Cashed Out About $107 Million
BNB Chain to Launch $4.4 Million Memecoin Liquidity Support Program
Report from Wisconsin Pension Fund Investment Board Indicates Holding About $321 Million in BTC
Hong Kong SFC Aims to Develop a Virtual Asset Development Roadmap
Argentine President Javier Milei Launches MEME Coin LIBRA
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