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What we’ve cooked up for you today…

• 🏦 The Ethereum ETFs are coming

• 🤔 Why 0.009 Bitcoin matters

• 🔥 The streak is heating up

• 💰 And more…

MARKET WATCH ⚖️

Only the top 20 coins measured by market cap feature in this section

THE ETHEREUM ETFS ARE COMING 🏦

BREAKING: SEC Tells ETH ETF Issuers They Can Start Trading Next Tuesday

Here we go!

The SEC has reportedly given “preliminary approval” to BlackRock, Franklin Templeton and VanEck’s Ethereum ETF applications.

The approval now hinges on issuers submitting final S-1s by this Wednesday.

And these final S-1s must include proposed fees.

However, sources also indicate that all 8 potential Ethereum ETFs are still expected to launch simultaneously.

And that launch date is now believed to be Tuesday 23rd July.

Ethereum also rallied on the news, shooting up 2.54% in the last 24 hours to ~$3,423.

ETF analyst Eric Balchunas also pointed out that the launch date of 23rd July may change if there are any last minute issues.

But…

From what we’ve been hearing (from Eric and other analysts), these things have been ready for approval for quite a while now.

So there really shouldn’t be any last minute shenanigans.

Just 1 more week to go…

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WHY 0.009 BITCOIN MATTERS 🤔

It’s not too late.

You definitely haven’t missed the boat on Bitcoin. ⛵

Owning just 0.009 Bitcoin is a WAY bigger deal than people think.

These are just some of the latest insights from our very own Jamin Currie.

In our latest video (shameless plug), Jamin broke down why owning just 0.009 Bitcoin is a BIG deal.

First things first, we all know the maximum supply of Bitcoin:

21 million.

But… Bitcoin has a little known secret. 🤫

A huge amount of the supply has already been permanently lost.

Analysts estimate that ~4 million Bitcoin are already gone.

That brings the theoretical maximum supply of Bitcoin down to 17 million.

So let’s go through a 2 different scenarios to determine why owning 0.009 Bitcoin will be such a huge deal.

1. Bitcoin achieves 25% global adoption 🌎

If Bitcoin were to achieve 25% global adoption, that would mean 2 billion people want to own Bitcoin.

Assuming an even split, with only 17 million Bitcoin available, each person would only receive 0.0085 BTC.

But an even split isn’t really realistic…

There will always be whales who own significant amounts of the supply. (looking at you, Michael Saylor 👀)

That’s why holding 0.009 Bitcoin puts you well and truly in the above average category of holders.

2. What if every millionaire in the world wanted Bitcoin? 💸

As of today, there is an estimated ~59 million millionaires around the world.

With 17 million Bitcoin available, assuming an even split, every millionaire could only hold 0.2881 Bitcoin.

When you think about it, that really highlights the scarcity of Bitcoin.

There literally isn’t that much Bitcoin to go around.

Summing up these scenarios, Jamin explains:

That’s only a small taste of the full video…

Be sure to check it out here for more juicy breakdowns like the above and even a realistic Bitcoin price prediction.

We appreciate the support from each and every one of you and hope you enjoy the new content style. 🫶 

THE STREAK IS HEATING UP 🔥

For the second week in a row, digital asset funds saw net inflows

That’s two weeks in a row now!

Last week Digital asset funds saw inflows totalling $1.44 billion.

This brings year-to-date inflows to a record $17.8 billion.

Which is far greater than the 2021 record of $10.6 billion.

No surprises here…

Bitcoin once again saw the bulk of the inflows at $1.347 billion for the week.

(That’s also Bitcoin’s 5th largest weekly inflow on record)

Ethereum also had a great week with inflows totalling $72.1 million.

This was Ethereum’s largest weekly inflow since March, likely in anticipation of the Ethereum ETFs.

Solana, Avalanche and Chainlink all experienced inflows of $4.4m, $2.0m & $1.3m respectively.

The United States led the inflow charts again with $1.274 billion for the week.

But that positive sentiment was found all around the world.

Switzerland, Hong Kong and Canada also saw inflows of $57.5m and $54.6m & 24.2m respectively.

(That’s a record amount of inflows for Switzerland this year by the way…)

So now the weekly inflow streak is up to 2.

And the ETFs proved to everyone that they aren’t paper handed holders…

As crypto dipped over the last two weeks, digital asset funds treated it as a gift.

Everyone was expecting ETF holders to dump at the first real Bitcoin correction.

But that didn’t happen…

Let’s see if they can keep this inflow streak up.

CRACKING CRYPTO 🥜

Several US crypto stocks climb amid Bitcoin 'Trump pump'. Crypto stocks surge as Bitcoin rebounds, Trump news sparks rally.

Metaplanet buys another $1.2M of Bitcoin amid rebound toward $65K. Japanese-based investment firm Metaplanet has purchased another $1.2 million worth of Bitcoin, taking its total Bitcoin stack to over 225.

Crypto Casino Founder Apologizes for Gambling Away Investor Funds. Galaxy says it has reported a former general partner, Richard Kim, to the authorities for misappropriating at least $3.67 million of company funds.

Is Trump VP Pick J.D. Vance Good for Crypto? Senator and best-selling author J.D. Vance appears to have jumped on the Republican pro-crypto bandwagon.

WHAT WE’RE READING 📚

Want to get even smarter? Check these out.

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• The Hustle (link) - Get Smarter on Business and Tech

• Your Next Breakthrough (link) - Personal growth with Mark Manson

• The Neuron (link) - AI trends and tools to keep you ahead

CAN YOU CRACK THIS NUT? ✍️

Select your answer below and you’ll be redirected to the results page. (answer explanation can be found after “Meme Corner”)

MEME CORNER 😂

Because what would the crypto world be without its share of memes?

Trivia Answer: B) HODL 🥳 

VanEck’s Bitcoin ETF trades under the ticker $HODL

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DISCLAIMER: The content of this newsletter is not financial advice. This newsletter is strictly educational and is not investment advice. Please be careful and do your own research.