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The U.S. SEC Delays Decision on Three More Crypto ETF Applications, Including Grayscale Hedera Spot ETF
PANews, April 30 - According to PhoenixNews, the U.S. SEC has delayed its decision on the listing application for the Grayscale Hedera Spot ETF and the Franklin Solana Spot ETF, as well as the application to add staking features to the Fidelity Spot Ethereum ETF.
Previously, it was reported that the U.S. SEC also delayed its decision on the listing applications for the Bitwise Dogecoin ETF and the Franklin XRP Fund.
PANews, April 30 - According to PhoenixNews, the U.S. SEC has delayed its decision on the listing application for the Grayscale Hedera Spot ETF and the Franklin Solana Spot ETF, as well as the application to add staking features to the Fidelity Spot Ethereum ETF.
Previously, it was reported that the U.S. SEC also delayed its decision on the listing applications for the Bitwise Dogecoin ETF and the Franklin XRP Fund.
BlackRock Applies for DLT Shares for Its $150 Billion Money Market Fund, Strategically Positioning for Blockchain Applications
PANews, April 30: According to Bloomberg ETF Analyst Henry Jim, BlackRock has applied for a digital share class, DLT Shares, for its $150 billion money market fund. DLT Shares will be sold exclusively through BNY Mellon, which plans to use blockchain technology to reflect ownership. This could be a preliminary preparation or foundation for the future use of digital currency/cash.
PANews, April 30: According to Bloomberg ETF Analyst Henry Jim, BlackRock has applied for a digital share class, DLT Shares, for its $150 billion money market fund. DLT Shares will be sold exclusively through BNY Mellon, which plans to use blockchain technology to reflect ownership. This could be a preliminary preparation or foundation for the future use of digital currency/cash.
Selected BITB saw a net outflow of $24.4 million yesterday, ARKB a net outflow of $13.3 million
According to Jinse, based on monitoring data from Farside Investors, BITB saw a net outflow of $24.4 million yesterday, while ARKB experienced a net outflow of $13.3 million.
According to Jinse, based on monitoring data from Farside Investors, BITB saw a net outflow of $24.4 million yesterday, while ARKB experienced a net outflow of $13.3 million.
The US SEC Delays Decision on Listing Applications for Bitwise Dogecoin ETF and Franklin XRP Fund
PANews, April 30th: According to The Block, the US Securities and Exchange Commission (SEC) has issued a document announcing the delay in the decision on the listing applications for the Bitwise Dogecoin ETF and Franklin XRP Fund. The SEC stated that more time is needed to evaluate the relevant rule change proposals, extending the final decision deadline for the Bitwise Dogecoin ETF to June 15th and the Franklin XRP Fund to June 17th. The SEC noted in the document: "The Commission finds it necessary to extend the review period to ensure sufficient time for evaluating the proposal content and the related issues involved." Bloomberg Intelligence ETF analyst James Seyffart commented, "In my view, this was expected, as most of these applications have final deadlines in October 2025 or later."
PANews, April 30th: According to The Block, the US Securities and Exchange Commission (SEC) has issued a document announcing the delay in the decision on the listing applications for the Bitwise Dogecoin ETF and Franklin XRP Fund. The SEC stated that more time is needed to evaluate the relevant rule change proposals, extending the final decision deadline for the Bitwise Dogecoin ETF to June 15th and the Franklin XRP Fund to June 17th. The SEC noted in the document: "The Commission finds it necessary to extend the review period to ensure sufficient time for evaluating the proposal content and the related issues involved." Bloomberg Intelligence ETF analyst James Seyffart commented, "In my view, this was expected, as most of these applications have final deadlines in October 2025 or later."
Overview of Important Overnight Developments on April 30
21:00-7:00 Keywords: SEC, Trump, Tether
1. Unto Labs completed a $14.4 million financing round;
2. The U.S. SEC delayed the approval of the Grayscale HEDERA Spot ETF;
3. Trump's media group plans to launch a Truth Social utility token;
4. The U.S. SEC delayed the decision on the Bitwise Spot DOGE ETF application;
5. The U.S. SEC delayed the approval of the Franklin XRP Spot ETF until June 17th;
6. The U.S. SEC delayed the decision on adding staking features to the Fidelity Spot Ethereum ETF;
7. Tether minted an additional 1 billion USDT, with a total of 2 billion minted today.
21:00-7:00 Keywords: SEC, Trump, Tether
1. Unto Labs completed a $14.4 million financing round;
2. The U.S. SEC delayed the approval of the Grayscale HEDERA Spot ETF;
3. Trump's media group plans to launch a Truth Social utility token;
4. The U.S. SEC delayed the decision on the Bitwise Spot DOGE ETF application;
5. The U.S. SEC delayed the approval of the Franklin XRP Spot ETF until June 17th;
6. The U.S. SEC delayed the decision on adding staking features to the Fidelity Spot Ethereum ETF;
7. Tether minted an additional 1 billion USDT, with a total of 2 billion minted today.
The U.S. Senate Plans to Vote on Stablecoin Bill Before May 26
According to Jinse, based on information from Politico, U.S. Senate Majority Leader John Thune stated in a closed-door meeting that the Senate will address the "GENIUS Act" proposed by Senator Bill Hagerty before May 26. This bill, which passed the Senate Banking Committee in March, aims to restrict any entities other than "licensed payment stablecoin issuers" from issuing payment stablecoins. The House of Representatives has also introduced a companion bill, the "STABLE Act." Democratic lawmakers have criticized the close ties between Trump and related stablecoin companies, fearing an "unprecedented conflict of interest."
According to Jinse, based on information from Politico, U.S. Senate Majority Leader John Thune stated in a closed-door meeting that the Senate will address the "GENIUS Act" proposed by Senator Bill Hagerty before May 26. This bill, which passed the Senate Banking Committee in March, aims to restrict any entities other than "licensed payment stablecoin issuers" from issuing payment stablecoins. The House of Representatives has also introduced a companion bill, the "STABLE Act." Democratic lawmakers have criticized the close ties between Trump and related stablecoin companies, fearing an "unprecedented conflict of interest."
El Salvador Circumvents IMF Restrictions, Continues Daily Bitcoin Purchases
According to Jinse, despite the government pausing Bitcoin-related activities to secure a $1.4 billion loan, El Salvador has quietly continued its Bitcoin purchases through the Bitcoin office. The country added 32 Bitcoins last month, now holding over 6,160 Bitcoins valued at approximately $584 million. The IMF confirmed the country's Treasury Department has adhered to its commitment to "not increase holdings," but the Bitcoin office operates "outside these fiscal definitions," using "technical loopholes" to evade restrictions. To unlock IMF funds, El Salvador will remove Bitcoin as a mandatory means for payments and taxes starting May 1. President Bukele remains "committed to the Bitcoin strategy."
According to Jinse, despite the government pausing Bitcoin-related activities to secure a $1.4 billion loan, El Salvador has quietly continued its Bitcoin purchases through the Bitcoin office. The country added 32 Bitcoins last month, now holding over 6,160 Bitcoins valued at approximately $584 million. The IMF confirmed the country's Treasury Department has adhered to its commitment to "not increase holdings," but the Bitcoin office operates "outside these fiscal definitions," using "technical loopholes" to evade restrictions. To unlock IMF funds, El Salvador will remove Bitcoin as a mandatory means for payments and taxes starting May 1. President Bukele remains "committed to the Bitcoin strategy."
Trump: Federal Reserve Officials Perform Poorly; I Am More Insightful Than the Fed Chair
According to Jinse, U.S. President Trump stated that Federal Reserve officials are performing poorly. I am more insightful than the Fed Chair. I wish to be courteous and considerate towards the Federal Reserve. I have no intention of criticizing the Fed Chair.
According to Jinse, U.S. President Trump stated that Federal Reserve officials are performing poorly. I am more insightful than the Fed Chair. I wish to be courteous and considerate towards the Federal Reserve. I have no intention of criticizing the Fed Chair.
Goldman Sachs Significantly Lowers US Q1 GDP Growth Forecast to -0.8%
According to a report by Jinse, Goldman Sachs' latest research paper indicates that the US goods trade deficit in March widened more than expected. Both imports and exports of goods increased in March. The main reason for the widening trade deficit is the increase in imports of consumer goods, which may reflect a "race against time" before the tariff hikes. The details of the leading economic indicators report show that compared to our previous GDP tracking assumptions, import growth was significantly stronger, but export growth moderately strengthened, and the pace of inventory accumulation accelerated. Overall, we have lowered our tracking forecast for US first-quarter GDP by 0.6 percentage points to -0.8% (quarter-on-quarter annualized). The US GDP data will be released on the evening of the 30th.
According to a report by Jinse, Goldman Sachs' latest research paper indicates that the US goods trade deficit in March widened more than expected. Both imports and exports of goods increased in March. The main reason for the widening trade deficit is the increase in imports of consumer goods, which may reflect a "race against time" before the tariff hikes. The details of the leading economic indicators report show that compared to our previous GDP tracking assumptions, import growth was significantly stronger, but export growth moderately strengthened, and the pace of inventory accumulation accelerated. Overall, we have lowered our tracking forecast for US first-quarter GDP by 0.6 percentage points to -0.8% (quarter-on-quarter annualized). The US GDP data will be released on the evening of the 30th.
The Trump Administration Notifies Congress of Plans to Designate Haitian Gangs as Foreign Terrorist Organizations
Jinse reports that the Trump administration has notified Congress of its plans to designate Haitian gangs as foreign terrorist organizations.
Jinse reports that the Trump administration has notified Congress of its plans to designate Haitian gangs as foreign terrorist organizations.