JonasBarrelov
U.S. spot Ethereum ETFs began trading on July 23. Grayscale's Ethereum Trust was also converted into an ETF, following the conversion of their Bitcoin Trust earlier this year in January. Grayscale has seen significant outflows, which is expected and similar to what happened with their Bitcoin ETF. Despite this, I believe these ETF approvals are positive for the entire crypto space in the long term. Although the market is moving sideways, we are still in a good position. Recent Events July 11: CPI (Consumer Price Index) YoY June’s CPI inflation rate decreased to 3.0%, below the forecast of 3.1% and down from 3.3% the previous month. July 11: Core CPI (Consumer Price Index) YoY June’s core inflation rate dropped to 3.3%, slightly below the forecast of 3.4% and down from 3.4% the previous month. July 18: ECB Eurozone Interest Rate DecisionNo changes; the rate remained at 4.25%. July 26: PCE (Personal Consumption Expenditure) Index YoY June’s PCE Price Index decreased to 2.5%, aligning with forecasts and down from 2.6% the previous month. July 26: Core PCE (Personal Consumption Expenditure) Index YoY June’s Core PCE Price Index stayed flat at 2.6%, matching the forecast. July 30-31: FOMC MeetingInterest rate decision expected later today. A rate cut is unlikely today but may happen in September. Upcoming Events July 30-31: FOMC Meeting August 14: CPI (Consumer Price Index) YoY August 14: Core CPI (Consumer Price Index) YoY September 12: ECB Eurozone Interest Rate Decision I will continue to monitor these events and their impact on our strategy. Thank you for your continued support.
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