Federal Reserve Governor Bowman said she hopes to see better inflation data in the coming months; there is no reason to cut interest rates this year; she may need to wait until "several meetings" to be ready to cut interest rates; there is a possibility of a Fed rate cut if unexpected shocks occur.
Financial giant JPMorgan Chase disclosed its holdings of Bitcoin spot ETF positions in Grayscale, ProShares, Bitwise, BlackRock, and Fidelity. According to a filing submitted to the U.S. Securities and Exchange Commission (SEC) on May 10, JPMorgan Chase holds approximately $760,000 worth of ProShares BITO, BlackRock IBIT, Fidelity FBTC, Grayscale GBTC, and Bitwise BITB. In addition, the bank also holds 25,021 shares of Bitcoin ATM supplier Bitcoin Depot, worth about $47,000.
Since the launch of Bitcoin spot ETFs in the United States and Hong Kong, they have demonstrated strong fundraising capabilities in a short period of time. As the first-quarter U.S. institutional holdings reports continue to be disclosed, the situation of multiple institutional investors "sweeping" Bitcoin spot ETFs has also been exposed.
Quantitative trading company Hana International Group disclosed in its filing that it has purchased $1.3 billion worth of Bitcoin spot ETFs, making it one of the companies with the most investment in spot Bitcoin ETFs today.
The latest filing submitted to the SEC by Hong Kong asset management company Ovata Capital Management shows that it has a heavy position in U.S. Bitcoin spot ETFs, including Fidelity's FBTC, Grayscale's GBTC, Bitwise's BITB, and BlackRock's IBIT, accounting for 13.5%, 11.2%, 8.8%, and 5.6% of its investment portfolio, respectively, with a total value exceeding $74 million.
U.S. Bank of America also disclosed an investment of over $15 million in Bitcoin spot ETFs on May 8, covering FBTC, GBTC, and IBIT.
Rothschild & Co. disclosed an investment of over $4.2 million in Bitcoin spot ETFs on May 9, including IBIT worth slightly less than $4.2 million and GBTC worth $82,100.
Insurance giant MassMutual's institutional holdings report also shows that the company currently has exposure to Bitcoin ETFs, with the specific amount not yet disclosed.
Documents disclosed by Yongrong Asset Management show that it has purchased $38 million worth of IBIT, and IvyRock Asset Management, headquartered in Hong Kong, also reported holding nearly $19 million worth of BlackRock's spot Bitcoin ETF.
French bank BNP Paribas also disclosed that it has invested in part of IBIT.
"Spot ETFs will become a reservoir for the industry," said Livio Weng, COO of HashKey Group. Because ETFs can be traded on stock exchanges like stocks, this makes buying and holding ETFs more convenient and suitable for traditional financial institutions to conduct on-exchange allocations.
"As an important infrastructure for the industry, spot ETFs will become the entry point for traditional capital to enter the virtual asset industry, helping the overall prosperity of the industry," Weng believes.
It is reported that in the Bitwise HashKey Bitcoin ETF and the Bitwise HashKey Ethereum ETF, HashKey Capital, as a deputy fund manager, jointly issued the fund with Bitwise International.
Bitcoin and Ethereum traded sideways during the day, finally seeing a small rebound at night. Bitcoin is currently rebounding on the half-hourly chart. Pay attention to the 61500 level in the early morning. If this level can be held, the rebound on the half-hourly chart will drive the rebound on the 4-hour chart. Pay attention to the short-term resistance levels near 62230-63200.
If the rebound fails to hold above the 61500 level, the rebound on the half-hourly chart will end, and the market will continue to trade sideways. Pay attention to the 60880 level for a pullback. If this level is broken, the rebound will end and the market will start to decline. Pay attention to the short-term support levels near 60100-59000-57650.
The trend of Ethereum is linked to Bitcoin's movement, with a rebound on the half-hourly chart. Pay attention to the 2946 level in the early morning. If this level can be held, the rebound on the half-hourly chart will drive the rebound on the 4-hour chart. Pay attention to the short-term resistance levels near 2973-3020.
If the rebound fails to hold above the 2946 level, the rebound on the half-hourly chart will end, and the market will continue to trade sideways. Pay attention to the 2910 level for a pullback. If this level is broken, the rebound will end and the market will start to decline. Pay attention to the short-term support levels near 2877-2842-2815.
Article publication review has a delay, and the market is constantly changing. The above suggestions are for reference only, and the risk is yours! The market changes every day, and all I can do is use my years of practical experience to provide some weak assistance, so that your investment decisions and management can be on the right track. Meeting is fate. I am a person who believes in fate. If you have any doubts or questions in the currency circle, you can pay more attention to Zhou Yueying, and I believe it will be helpful to you.
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