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The Bureau of Labor Statistics will release the nonfarm payrolls report for June at 12:30 UTC.
Such ETFs have existed for some time in Canada and Europe, but have failed to attract large investor interest, the report said.
PLUS: Bitcoin tumbled below $30,000 for the first time in almost two weeks after a disappointing ADP private sector jobs report and ISM services index, but regained some ground later on Thursday.
The largest and smallest bitcoin whales have added to their holdings, but the group in between has jettisoned some of their tokens.
Traders now see a 94% chance of the Fed raising rates by 25 basis points later this month.
Observers call for spot-based bitcoin ETF as the bull market raises cost of pre-expiry rollover of positions for futures-based ETFs.
The forecast is consistent with bitcoin's tendency to chalk out sharp gains in the months after the mining reward halves. The fourth halving is due early next year.
Bitcoin prices have paused with support at $30,000
Even so, spot trading volumes are at historically low levels.
The decentralized cloud storage protocol has seen its market value double this week.
- 21:56INJ falls below $25The Bitget ticker shows that INJ fell below $25 and is now at $24.99, a 24-hour loss of 3.51%.
- 21:52DOGE (Department of Government Efficiency) leader Vivek: DOGE is not just about restoring efficiency, it is about restoring autonomyOn Nov. 18, Vivek Ramaswamy, who leads the U.S. Department of Efficiency alongside Musk, posted on X that “DOGE isn't just about restoring efficiency, it's about restoring self-governance. In fact, these two goals are two sides of the same coin, and that's a very beautiful thing.”
- 21:51Total U.S. Spot Bitcoin ETF Position on Chain 1.04 Million BTCAccording to Dune data, the total U.S. spot Bitcoin ETF on-chain position has crossed 1 million BTC and now touches about 1.044 million BTC, accounting for 5.28% of the current BTC supply, with the value of the on-chain position touching about $94.4 billion.
