1. United Kingdom lifts ban on crypto ETNs for retail investors
The FCA plans to allow retail investors to acquire exchange-traded notes (ETNs) linked to cryptocurrencies like BTC or ETH, previously restricted to professional traders. Although the use of derivatives will still be banned, this opening implies that purchases can only be made via platforms approved by the FCA and after public consultation.
₿ 2. Bitcoin remains strong above $105,000
This Monday, Bitcoin is trading steadily above $105,000, with slight increases, as investors await key U.S. data on inflation and interest to confirm macroeconomic trends.
📈 3. Circle successfully launches its IPO: +168% on debut
Circle (issuer of USDC) debuted on the stock exchange with a spectacular increase of 168%, followed by further gains in the following days. This success fuels interest in crypto assets, prompting Gemini (Winklevoss) to file confidential documents for a possible IPO.
💼 4. Institutional flows into crypto funds reach record
In May, funds focused on cryptocurrencies recorded net inflows of $7,050 million, raising their assets under management to $167,000 million, a historic high. Bitcoin outperforms gold and global markets, consolidating its role as a hedge asset.
⚙️ 5. Technical rises in BTC: recovery of the EMA-20 and technical positioning
In today's technical analysis, Bitcoin has recovered the 20-day exponential moving average, which strengthens the reading that support is active. Positioning strategies based on this signal are observed.
🔎 Impact summary
Regulation: The United Kingdom is moving towards a controlled opening, similar to the U.S.
Market stability: BTC shows resilience around six figures.
Institutional investment: Positive impact from successful crypto IPOs.
Growth of funds: Managing record amounts, positioning Bitcoin as a hedge.
Technical aspect: Positive signals support a possible sustained rebound.