FameEX Morning Crypto News Recap | June 4, 2024

Ethereum ETF Application Resubmitted, Anticipated to Spark Fee Competition

A new series of revised spot Ethereum ETF applications has been submitted, with at least one more review round anticipated before launch. Recent filings suggest a potential fee war, highlighted by Franklin Templeton's Ethereum fund planning a 0.19% price point. As the first to disclose proposed fees, the $1.6 trillion asset management company could shape competitive pricing dynamics.

Bitcoin ETFs Feature in TV Show Discussions, Highlighting Their Accessibility and Reach

Bloomberg ETF analyst Eric Balchunas noted that Bitcoin ETFs are now being discussed on TV shows, significantly demonstrating the accessibility and exposure these ETFs provide to the asset class. Remarkably, this development occurred in less than six months.

Dubai Financial Services Authority Updates Cryptocurrency Token Regulations

The Dubai Financial Services Authority (DFSA) has announced revisions to its cryptocurrency token regime, aiming to enhance the regulatory framework in its special economic zones. These changes impact several key areas, including the investment in crypto tokens by funds and the token identification process. Specifically, the amendments modify how units of external and foreign funds investing in recognized crypto tokens can be offered.

Mexican Billionaire Recommends Purchasing Bitcoin to Safeguard Against Fiat Currency Devaluation

Mexican billionaire Ricardo Salinas Pliego advises purchasing Bitcoin to protect against fiat currency devaluation. In 2021, he praised Bitcoin for its "extraordinary properties" and termed it "the gold of the modern world," highlighting its value as a modern asset.

Hong Kong Financial Secretary Paul Chan Mo-po Shares His Thoughts on Virtual Asset Platform Operating Licenses

During a briefing with the Financial Affairs Committee on Hong Kong's economy, Financial Secretary Paul Chan was questioned by Legislative Council member Ng Kit-chung regarding large overseas exchanges' difficulties in obtaining virtual asset platform operating licenses. Chan emphasized that Hong Kong applies consistent rules, risks, and supervision levels to all exchanges and expressed optimism about the future of virtual assets in Hong Kong.

Australia's Initial Spot Bitcoin ETF Begins Trading Tomorrow

Watcher.Guru reports that Australia's inaugural spot Bitcoin ETF starts 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.