What to know: By James Van Straten (All times ET unless indicated otherwise)
Bitcoin remains stable around $105,000 after the Federal Reserve held interest rates steady, as expected. It hasn't traded below the psychological threshold of $100,000 since May 8, a full 42 days ago, even though the Israel-Iran conflict — now coming up for a week — would have been expected to weigh on risky investments, crypto among them.
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Alongside the interest-rate decision, the Fed also signaled slower economic growth, with GDP now expected to rise just 1.4% this year, down from 1.7%, and higher inflation. The much-watched dot plot showed policymakers see fewer rate cuts through 2027 than they did in March.
What seems to be underpinning the largest cryptocurrency, and crypto markets in general, is the bitcoin treasury narrative. A notable rotation appears to be underway, with an ever growing number of companies committing to buying it as a treasury asset.
The total number of known publicly traded holders has increased to 129, and when private companies and sovereign entities are included, the total has reached 235. That's an increase of 27 entities in just 30 days.
Geopolitical tensions remain elevated in the Middle East. Israel said it launched airstrikes on nuclear-weapons related targets near Arak and Natanz and an Iranian missile attack scored a direct hit on the Soroka Hospital in southern Israel early this morning. In response, Israel’s defense minister pledged further escalation of hostilities.
Brent crude rose 1% to $77.45, its highest level since January, adding upward pressure on global energy and food prices. European stock indexes and U.S. equity index futures fell. While U.S. markets are closed today for the Juneteenth holiday, crypto markets remain open 24/7. Stay alert! |
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Grayscale’s New Income-Focused ETFs Grayscale, the world’s largest crypto-native asset manager, now offers two new income-focused ETFs: Through two different approaches to systematic covered call writing on Bitcoin, these two products deliver an alternative income stream for investors that’s less correlated to traditional income-oriented investments.
BTCC and BPI both offer monthly distributions for investors.* See the latest distribution amount on their respective product pages at etfs.grayscale.com Important Disclosures
*The Funds intend to pay out dividends from net investment income, if any, and distribute any net unrealized capital gains to their shareholders at least annually.
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Funds, please call (866)-775-0313 or visit our websites at etfs.grayscale.com/btcc and etfs.grayscale.com/bpi. Read the prospectuses or summary prospectuses carefully before investing.
Investing involves risk and possible loss of principal. There is no guarantee the investment strategy will be successful. The Fund is considered to be non-diversified. The Fund is actively managed and its performance reflects the investment decisions that the Adviser makes for the Fund.
Grayscale Bitcoin Covered Call ETF (“BTCC”) and Grayscale premium Income ETF ("BPI") (collectively, the "Funds") will not invest in digital assets directly. The Funds also will not invest in initial coin offerings. The Funds will, however, have indirect exposure to digital assets by virtue of its investments in derivatives on exchange-traded vehicles that hold digital assets as investments. Because the Funds will not invest directly in any digital assets, they may not track price movements of any digital assets.
BTCC and BPI are distributed by Foreside Fund Services, LLC and Grayscale Advisors, LLC is the adviser. Foreside is not related to GSA or its affiliates. |
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Crypto -
June 20: Proof-of-stake blockchain BlackCoin (BLK) activates SegWit on mainnet, improving security and performance. Nodes must be upgraded to release v26.2.0 before this date. Wallets from 13.2 can be used in 26.2.x.
- June 25: ZIGChain (ZIG) mainnet will go live.
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June 30: CME Group will launch Spot-Quoted futures, pending regulatory approval, allowing trading in bitcoin, ether and major U.S. equity indices with contracts holdable for up to five years.
Macro - June 19, 3 p.m.: Argentina’s National Institute of Statistics and Censuses releases Q1 employment data.
- Unemployment Rate Prev. 6.4%
- June 20, 8:30 a.m.: Statistics Canada releases May producer price inflation data.
- PPI MoM Prev. -0.8%
- PPI YoY Prev. 2%
Earnings (Estimates based on FactSet data) |
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| - June 30: Optimism (OP) to unlock 1.83% of its circulating supply worth $17.34 million.
- July 1: Sui (SUI) to unlock 1.3% of its circulating supply worth $120.99 million.
- July 2: Ethena (ENA) to unlock 0.67% of its circulating supply worth $11.23 millio
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June 26: Coinbase to delist Helium Mobile (MOBILE), Render (RNDR), Ribbon Finance (RBN) and Synapse (SYN).
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The CoinDesk Policy & Regulation conference (formerly known as State of Crypto) is a one-day boutique event held in Washington on Sept. 10 that allows general counsels, compliance officers and regulatory executives to meet with public officials responsible for crypto legislation and regulatory oversight. |
Crypto's Most Influential Event returns in 2026.
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