Regulatory Approval - SEC approves Grayscale's mixed crypto fund [1] - Approval signals momentum for other ETF proposals [1]

Regulatory Developments - SEC acknowledges Grayscale's bid to convert its Digital Large Cap Fund into a spot ETF [1] Fund Details - Grayscale's Digital Large Cap Fund includes Bitcoin ($BTC), Ethereum ($ETH), XRP, Solana ($SOL), and Cardano ($ADA) [1]

BREAKING:🇺🇸 SEC HAS APPROVED CONVERSION OF GRAYSCALE DIGITAL LARGE CAP FUND INTO AN ETF.THIS INCLUDES BTC, ETH, XRP, SOL AND ADA. ...

International Market Performance - International markets have underperformed for an extended period, prompting consideration of potential investment opportunities [1] - The S&P 500 has been the worst-performing market year-to-date, underperforming both core emerging and developed markets [2] - A weaker dollar (down more than 10%) and shifts in international allocations away from the S&P 500 contribute to this deviation [3] - There's increasing discussion in Europe and the UK about redomiciling retail and retirement assets to reduce US investment [3] - International diversification can be beneficial, especially for portfolios heavily biased towards US investments [5] US Market Analysis - The US market is considered the most liquid, with a significant number of large global companies domiciled there (21 of the 25 largest) [7] - US exceptionalism may not be over, and significantly shifting investments to countries like Germany could be a tactical mistake [9] Investment Strategy - It's not advisable to abandon the S&P 500 entirely for international markets [4] - Investing in Europe might be a bet on cheap beta or a specific factor [8] - Over 95% of international markets are small to mid-cap companies (SMID) [7]

Tom Lee, Fundstrat Capital’s CIO & Portfolio Manager and Dave Nadig, Independent ETF Expert, join CNBC’s Dominic Chu to discuss crypto, where it fits in when it comes to ETFs, and how it may be stuck between two narratives right now. ...

Monday - Friday8am ESThttps://t.co/NDT5TzT8x3- Retail Platforms add Tokenized Stocks- How to LP tokenized stocks- Where does the market go from here with majors- SOL ETF goes live tomorrow!?&& sooo much morePull Up, we LIVE right now. https://t.co/kixUkjcJZ1 ...

1. Market Overview - The Shanghai Composite Index rose 0.39% to close at 3457.75 points, the Shenzhen Component Index rose 0.11% to close at 10476.29 points, and the ChiNext Index fell 0.24% to close at 2147.92 points. The trading volume of A-shares in the two markets was 1496.7 billion yuan. The top-performing sectors were comprehensive (2.60%), pharmaceutical and biological (1.80%), and banking (1.54%), while the worst-performing sectors were computer (-1.18%), commercial and retail (-0.79%), and communication (-0.45%) [2][6]. 2. Stock ETF - The top-traded stock ETFs today were Huatai-PineBridge CSI A500 ETF, which fell 0.19% with a premium rate of 0.00%; China AMC CSI A500 ETF, which rose 0.10% with a premium rate of 0.06%; and Harvest CSI A500 ETF, which fell 0.30% with a premium rate of 0.04% [3][7]. 3. Bond ETF - The top-traded bond ETFs today were Haitong CSI Short-term Bond ETF, which rose 0.02% with a premium rate of 0.00%; Southern Shanghai Stock Exchange Benchmark Market-making Corporate Bond ETF, which fell 0.03% with a premium rate of -0.00%; and Fullgoal ChinaBond 7-10 Year Policy Financial Bond ETF, which rose 0.10% with a premium rate of 0.05% [4][9]. 4. Gold ETF - Gold AU9999 rose 1.11% and Shanghai Gold rose 1.08% today. The top-traded gold ETFs were HuaAn Gold ETF, which rose 1.13% with a premium rate of 0.95%; E Fund Gold ETF, which rose 1.10% with a premium rate of 0.95%; and Bosera Gold ETF, which rose 1.08% with a premium rate of 0.94% [12]. 5. Commodity Futures ETF - Huaxia Feed Soybean Meal Futures ETF fell 0.05% with a premium rate of 0.23%; Dacheng Non-ferrous Metals Futures ETF rose 0.59% with a premium rate of 0.53%; and Jianxin Yisheng Zhengzhou Commodity Exchange Energy and Chemical Futures ETF fell 0.22% with a premium rate of -0.78% [13][14]. 6. Cross-border ETF - The Dow Jones Industrial Average rose 0.63%, the Nasdaq Composite rose 0.47%, and the S&P 500 rose 0.52% the previous trading day, while the German DAX fell 0.51%. The Hong Kong stock market was closed today. The top-traded cross-border ETFs today were GF CSI Hong Kong Innovative Drugs ETF, which rose 2.90% with a premium rate of 3.18%; E Fund CSI Hong Kong Securities Investment Theme ETF, which fell 0.49% with a premium rate of 0.30%; and Huitianfu China Securities Hong Kong Stock Connect Innovative Drugs ETF, which rose 4.44% with a premium rate of 5.11% [15]. 7. Money Market ETF - The top-traded money market ETFs today were Huabao Tianyi ETF, Yin Hua Ri Li ETF, and Money Market ETF Jianxin Tianyi [17].

🇺🇸 ETF FLOWS: Around $102.1M of $BTC and $31.8M of $ETH were bought on July 1st. https://t.co/ftvR3WPU4D ...

Market Overview - The Shanghai Composite Index rose by 0.59% to close at 3444.43 points, with a daily high of 3447.46 points [1] - The Shenzhen Component Index increased by 0.83% to close at 10465.12 points, reaching a high of 10470.24 points [1] - The ChiNext Index saw a rise of 1.35%, closing at 2153.01 points, with a peak of 2154.0 points [1] ETF Market Performance - The median return for stock ETFs was 0.82%, with the highest return from the Southern Deep Shenzhen Main Board 50 ETF at 3.39% [2] - The highest performing industry index ETF was the China Securities Satellite Industry ETF, yielding 3.67% [2] - The top thematic index ETF was the China Securities Animation Game ETF, which achieved a return of 5.99% [2] ETF Performance Rankings - The top three ETFs by return were: Huatai-PB China Securities Animation Game ETF (5.99%), Huaxia China Securities Animation Game ETF (5.95%), and Guotai China Securities Animation Game ETF (5.82%) [6] - The three ETFs with the largest declines were: China Securities Bank AH Price Preferred ETF (-1.24%), Penghua China Securities Bank ETF (-0.63%), and Tianhong China Securities Bank ETF (-0.59%) [8] ETF Fund Flows - The top three ETFs by fund inflow were: Huatai-PB China Securities A500 ETF (inflow of 2.241 billion), Southern China Securities A500 ETF (inflow of 1.650 billion), and Harvest China Securities A500 ETF (inflow of 1.055 billion) [9] - The ETFs with the largest outflows were: Huaxia Shanghai 50 ETF (outflow of 1.477 billion), E Fund CSI 300 ETF (outflow of 961 million), and Southern CSI 1000 ETF (outflow of 924 million) [11] ETF Margin Trading Overview - The top three ETFs by margin buying were: Huaxia Shanghai Sci-Tech Innovation Board 50 ETF (558 million), Guotai China Securities All Index ETF (301 million), and E Fund ChiNext ETF (223 million) [12] - The highest margin selling amounts were for: Southern CSI 500 ETF (105 million), Southern CSI 1000 ETF (79.72 million), and Huaxia CSI 1000 ETF (21.96 million) [14] Institutional Insights - Shenwan Hongyuan highlights the gaming sector's potential for performance growth, with a record number of game approvals in June, indicating a supportive regulatory environment [15] - Huaxi Securities notes that the approval of 158 games in June reflects a stable regulatory approach, enhancing predictability for domestic developers and promoting high-quality development in the industry [15]

Interest Rate Expectations - Most major banks anticipate the Federal Reserve to cut rates by 25-100 basis points (0.25%-1%) starting as early as July [1] Cryptocurrency Regulation and Legal Matters - Circle has applied for a U S national trust bank license [1] - The U S Supreme Court has rejected an appeal to block the IRS from accessing Coinbase user data, allowing the agency to collect information on over 14,000 crypto customers [1] - Senator Lummis is drafting an amendment to allow Americans to use Bitcoin and crypto without fear of tax violations [1] Cryptocurrency Products and Market - REX-OSPREY $SOL ETF with staking is set to begin trading this Wednesday [1] - SEC acknowledges amendment to convert Grayscale Digital Large Cap Fund into an ETF covering $BTC, $ETH, $XRP, $SOL, and $ADA [2] - Bloomberg raises approval odds for spot XRP, SOL, and LTC ETFs to 95% [3] Institutional Involvement in Cryptocurrency - American Bitcoin Corp, backed by Trump's sons and Hut 8, raises $215 million to buy more Bitcoin [3] - Germany's largest bank group Sparkassen will launch crypto trading for retail clients by summer 2026 [3] Leadership Transition - Treasury Secretary Bessent says they'll begin working on Fed Chair Powell's successor in the coming weeks and months [1]