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The Bureau of Labor Statistics will release the nonfarm payrolls report for June at 12:30 UTC.
Such ETFs have existed for some time in Canada and Europe, but have failed to attract large investor interest, the report said.
PLUS: Bitcoin tumbled below $30,000 for the first time in almost two weeks after a disappointing ADP private sector jobs report and ISM services index, but regained some ground later on Thursday.
The largest and smallest bitcoin whales have added to their holdings, but the group in between has jettisoned some of their tokens.
Traders now see a 94% chance of the Fed raising rates by 25 basis points later this month.
Observers call for spot-based bitcoin ETF as the bull market raises cost of pre-expiry rollover of positions for futures-based ETFs.
The forecast is consistent with bitcoin's tendency to chalk out sharp gains in the months after the mining reward halves. The fourth halving is due early next year.
Bitcoin prices have paused with support at $30,000
Even so, spot trading volumes are at historically low levels.
The decentralized cloud storage protocol has seen its market value double this week.
- 19:39Trump: Putin's comments on Ukraine make people "angry", may impose secondary tariffs on Russian oilAccording to a report by American media AXIOS, Trump stated during an interview with NBC News that he is "very angry" at Russian President Putin and threatened that if he believes the failure to reach an agreement is "Russia's fault", he will impose secondary tariffs on Russian oil. Trump indicated that the tariff levied on Russian oil would range between 25% and 50%. He said: “I was very angry when Putin began questioning Zelensky's credibility and started talking about Ukraine needing new leadership.” It is reported that Trump plans to speak with Putin next week.
- 18:20The stablecoin protocol Falcon Finance TVL has broken through 120 million US dollars, and the sUSDf APY is temporarily reported at 21.7%The synthetic US dollar stablecoin protocol Falcon Finance TVL, launched by DWF Labs, has now exceeded $120 million, with sUSDf APY currently reported at 21.7%. Falcon Finance is backed by multiple assets and uses a hedging and farming system to enhance returns and stability.
- 17:00Opinion: If the price of BTC cannot recover stable growth, it may trigger further declines in leading altcoins such as ETHBloomberg Intelligence commodity strategist Mike McGlone posted an analysis on the X platform about whether Ethereum might follow the trend of falling to $1,000 during 2020. He believes that the market should now focus on ETH's price trend because there is a clear connection between ETH and other risk asset prices in the market. If stocks in the S&P 500 index continue to be weak, ETH may further decline. At the same time, Mike McGlone believes that if ETH returns to a level of $2,000 it could indicate direction for risk assets. However, if Bitcoin cannot recover stable price growth it may exacerbate losses for altcoins, especially leading altcoins will continue to weaken and even trigger a fall back to $1,000 for ETH later this year.