#SECETF审批 US SEC confirms Bitwise's spot Bitcoin and Ethereum ETF amendment on physical redemption] The U.S. Securities and Exchange Commission (SEC) confirmed receipt of Bitwise's amendment regarding the physical redemption method for its spot Bitcoin and Ethereum ETF.

[4E: BlackRock's holdings exceed 700,000 BTC, crypto ETF demand far exceeds miner supply] On July 9, news from 4E observed that BlackRock, the world's largest asset management company, saw its IBIT Bitcoin spot ETF receive a net inflow of $165 million this week, bringing its holdings to over 700,000 BTC, with a current market value of approximately $75.5 billion. Since its establishment at the beginning of 2024, this ETF has achieved a total return of 82.67%, currently accounting for over 55% of all BTC spot ETF holdings in the U.S.

According to Galaxy Research's statistics, by 2025, IBIT and other U.S. institutions like MicroStrategy have collectively purchased approximately $28.2 billion in Bitcoin, while during the same period, miners' new output was only $7.85 billion, indicating that institutional demand continues to exceed on-chain new supply, bolstering BTC's long-term fundamentals.