Good morning, Asia. This is what news is doing in the markets:
Welcome to Asia Morning Briefing, a daily summary of the main stories during the US hours and an overview of the movements and market analysis. To obtain a detailed description of the US markets, see Cryptokook from Coindesk America.
The newly released REX-OSPREY SOLANA + ETF of reference (SSK)The first recorded background in the stock market (ETF) List in the USA., The day ended with $ 33 million in volume, with the Bloomberg Etf Etf Eric Blochunas analyst calling the launch better than the average ETF list.
$ SSK The day ended with $ 33 million in volume. Again, remove the ETFs of futures of Solana and the ETFs of futures XRP (or the launch of ETF AVG), but is much lower than the ETF of Bitcoin and Ether Spot. pic.twitter.com/t6lkqwdxlc
– Eric Balchunas (@ericbalchunas) July 2, 2025
The ETF offers investors indirect access to Solana while obtaining betting rewards without the need for technical experience.
While the volume was much lower than the launch of BTC and ETH ETFS, Balchunas said the negotiation volume was much stronger than the recent lists of ETF of Solana Futures or the ETFs of ETFs of Futures XRP.
Sol is quoted above $ 150 in the news, an increase of approximately 4%, according to Coendesk market data.
At the end of May, the stock exchange and securities commissioned that the cryptographic commitment does not violate the laws of securities, paving the way for emitters to offer such rethinking products.
Currently, eth eth eth in the US is not offered. UU., Although 3iq offers one in the Toronto Stock Exchange.
The Hong Kong market regulator, the Securities and Future Commission, published rethinking rules in April, and local issuers offer Eth Eth in the city’s stock exchange.
Blackrock Bitcoin ETF is now out of its S&P 500 flagship background
Ishares Bitcoin ETF of Blackrock (Ibit) Now it is generating more annual income than its badge ishares core s & p 500 ETF (IVV)According to a new Presto Research report.
IBIT is expected to, with only $ 75 billion in assets under administration, bring $ 187.2 million a year of its 0.25%rate. IVV, on the contrary, has $ 624 billion massive, but charges only 0.03%, producing a little less in absolute income.
The difference is not just a peculiarity of rates structures: it is a window of how institutional investors see exposure to cryptographic in 2025. “Ibit rates are 8.3 times higher than those of IVV,” says Presto Research, “but investors are paying.”
In a world where each basic point usually matters, the will to pay a premium by BTC through a reliable wrapping underlines how early we are in the Crypto institutional adoption cycle. As Presto points out, even the negotiation rate of the Coinbase base point is higher, at 60 bp.
Ibit’s growth history also highlights the power of the brand. The institutions want Bitcoin, but they want it with the name of Blackrock on the label. While ETF S&P 500 have become commercialized, cryptographic ETFs remain premium prices.
With Ibit holding most of the Bitcoin ETF market tickets, it is increasingly clear: the institutionalization of cryptography is not coming. It is already happening.
Market movements:
BTC: Bitcoin increased 3.6% for 24 hours to break over $ 109,000, driven by a strong volume, a new support between $ 109,064– $ 109,359, and improving the global feeling after the United States-Vietnam trade agreement despite the continuous medium tensions of the Middle East.
ETH: ETH increased 8.6% to $ 2,608 in a high volume break fed by the growing institutional interest and the bullish impulse, forming a new support to $ 2,565 and the resistance to the tests about $ 2,617.
Gold: HSBC increased its 2025–2026 gold pricing forecasts to $ 3,215 and $ 3,125 per ounce, citing geopolitical risks and a strong demand for investors, according to Reuters.
Nikkei 225: Asia-Pacific markets quoted on Mixed Thursday, with Nikkei 225 of Japan 0.15%less than investors expected details of the US-Vietnam trade agreement announced by President Trump.
S&P 500: The S&P 500 increased 0.47% to 6,227.42 on Wednesday after Trump announced a commercial agreement from the United States-Vietnam, although a surprise drop in June of private payroll raised economic concerns.
In another part of Crypto:
- Ripple applies to the Federal Bank Trust letter, XRP jumps 3% (Cindenesk)
- Moku’s commercial director shares why cryptographic games are broken and how to solve it (BlockWorks)
- New York bankrupt (Cindenesk)
