June Bull

Even if Bitcoin is 84% up from the beginning of the year we have to say that June has been spectacular in the news so let’s start.

On the 6th of June the SEC sues Binance and quickly the day after the SEC sues also Coinbase basically the two biggest crypto exchanges.

The 12th Bank of China’s BOCI issues the first tokenized security in Hong Kong.

The 15th BlackRock the biggest world asset manager files for Bitcoin ETF.

On the 20th of June Deutsche Bank files for a crypto custody license while Fidelity, Charles Schwab, and Citadel Securities teamed up to launch the first-of-its-kind cryptocurrency exchange. The exchange will be named EDX Markets and led by Jamil Nazarali.

Invesco reapplies for Bitcoin EFT.

The SEC approved the first-ever leveraged crypto ETF in the US on the 23rd.

On the 26th of June HSBC allows Hong Kong customers to trade Bitcoin and Ether ETF.

MicroStrategy the 28th acquires an additional 12,333 Bitcoin for a value of 347 million dollars.

Fidelity refiles the Bitcoin ETF application on the 29th of June.

I have never seen such interest and actions from traditional banks and institutions running into Bitcoin. Could be anything linked to my previous article where asset managers piled up in shares related to Bitcoin in the first quarter of 2023?
Can this be the beginning of the next bull run or do they know something we don’t? We’ll be watching…