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Yet more German Bitcoin is on the move, further threatening price. Two Wall Street asset managers have amended their filings for a spot Ether exchange-traded fund. The hamster frenzy shows no signs of letting up as Bybit announced it is listing the token for Hamster Kombat for pre-market trading.
German government prepares for next $276 million BTC sell-off
The German government has continued its Bitcoin BTC $57,421 sell-off after sending roughly 3,100 BTC worth around $178 million in the span of an hour on July 9.
At the same time, the government also withdrew roughly 1,700 Bitcoin worth around $91.78 million from Bitstamp, recouping BTC holdings from the exchange.
At the time of writing, the German government has also shifted a further 3,107 BTC out of its main holdings, likely preparing for a further imminent sell-off.
The main government address currently holds around 26,000 BTC worth $1.5 billion, while the address used to off-load holdings currently holds 4,800 BTC worth $276.61 million.
VanEck, 21Shares file S-1 amendments with SEC
Asset managers VanEck and 21Shares have amended their S-1 registrations with the U.S. Securities and Exchange Commission (SEC) to list shares of their spot Ether ETFs.
According to the July 8 filings, VanEck amended its registration statement as part of the asset manager’s ongoing efforts to gain approval from the SEC for its spot Ether ETF. Meanwhile, 21Shares made a similar filing for its Core Ethereum ETF. Neither filing specified a launch date for their respective products.
The amendments are part of the final stage of approvals required by the securities regulator before the spot ETFs can be listed and traded. As Cointegraph reported, Bitwise filed its own amended registration last week.
On May 23, the SEC approved spot Ether ETF 19b-4 filings from eight asset managers. The following month, SEC Chair Gary Gensler said approving the S-1 filings was expected to occur “sometime over the course of this summer” but didn’t specify a date.
Bybit lists Hamster Kombat’s token for pre-market trading
Cryptocurrency exchange Bybit is advancing its support for emerging projects on the Telegram Open Network (TON) by listing the token for the record-breaking game Hamster Kombat for pre-market trading.
Bybit, on July 8, officially announced the listing of the Hamster Kombat (HMSTR) token on its over-the-counter (OTC) platform called Bybit Pre-Market Trading.
The platform is designed for trading new tokens before their official listing, enabling buyers and sellers to establish quotes and execute trades at predetermined prices.
According to the announcement, Bybit’s pre-market OTC platform launched trading for HMSTR on July 8 at 10:00 am UTC. Details of the delivery schedule will be released shortly, the statement notes.
Bybit stressed that the inclusion of HMSTR tokens on its pre-market platform represents a “significant step forward,” providing users with the chance to get their hands on HMSTR tokens before they become listed for spot trading. The firm added:
“This exclusive access allows users to secure HMSTR tokens ahead of the market and to lock in their purchase or sale prices early, marking an innovative advancement in our trading offerings.”
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