FameEX Morning Crypto News Recap | June 4, 2024

Ethereum ETF Application Filed Again, Likely to Ignite a Fee Battle

New revisions of spot Ethereum ETF applications have been filed, requiring at least one more review before launching. Recent filings indicate a looming fee war, with Franklin Templeton's Ethereum fund setting a notable 0.19% fee. As the first to reveal its fees, the $1.6 trillion asset manager could significantly influence the market's pricing strategies.

Bitcoin ETFs Become Topic on TV Shows, Showcasing Their Accessibility and Exposure

Bloomberg ETF analyst Eric Balchunas highlighted that Bitcoin ETFs are now topics on TV shows, emphasizing their increased accessibility and exposure to the asset class. This significant development unfolded in under six months.

Dubai Financial Services Authority Overhauls Cryptocurrency Token Rules

The Dubai Financial Services Authority (DFSA) has revised its cryptocurrency token regime to bolster the regulatory framework in its economic zones. The updates affect key aspects such as fund investments in crypto tokens and the token identification process. Notably, the amendments change how external and foreign funds that invest in recognized crypto tokens are offered.

Mexican Billionaire Suggests Buying Bitcoin as a Hedge Against Fiat Currency Devaluation

Mexican billionaire Ricardo Salinas Pliego recommends buying Bitcoin as a defense against fiat currency devaluation. In 2021, he lauded Bitcoin's "extraordinary properties" and called it "the gold of the modern world," underscoring its significance as a contemporary asset.

Hong Kong Financial Secretary Paul Chan Mo-po Discusses Virtual Asset Platform Operating Licenses

During an economic briefing, Hong Kong Financial Secretary Paul Chan addressed concerns from Legislative Council member Ng Kit-chung about the challenges foreign exchanges face in obtaining virtual asset platform licenses. Chan stressed that Hong Kong maintains uniform rules, risks, and supervision for all exchanges and voiced optimism for the development of virtual assets in the region.

Australia's First Spot Bitcoin ETF Set to Launch Tomorrow

Watcher.Guru has announced that Australia's first spot Bitcoin ETF is set to begin trading tomorrow.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​