Good morning, Asia. Here’s what makes news in the markets:
Welcome to Asia Morning Briefing, a daily overview of top stories during the US HOURS and an overview of market movements and analysis. For a detailed overview of US markets, see Coindesk’s Crypto Doybook Americas.
The newly launched Rex-osspry Solana + Poke Etf (SSK)The first crypto-tackle of the exchange traded fund (ETF) Listed in the US ended the day with $ 33 million in volume, with Bloomberg Etf analyst Eric Balchunas called the launch better than the average ETF list.
$ SSK Ended day with $ 33 million. In volume. Again, Solana Futures Etf and XRP Futures ETFs (or AVG ETF launch) burst, but it is much lower than Bitcoin and Ether Spot ETFs. pic.twitter.com/t6lkqwdxlc
– Eric Balchunas (@ericbalchunas) July 2, 2025
ETF offers investors indirectly access to Solana while serving poorer wages without needing technical expertise.
While the volume was much lower than the launch of BTC and ETH ETFs, Balchunas noted that trading volume was much stronger than recent Solana Futures ETF lists or XRP Futures ETFS launches.
Sun deals over $ 150 on the news, which is approx. 4%up, according to Coindesk market data.
At the end of May, Securities and Exchange Commission stated that Crypto Pooring did not violate securities law and pave the way for issuers to offer such stack products.
There is no ETH stepping that ETF is currently offered in the United States, although 3iq offers one at Toronto Stock Exchange.
Hong Kong’s market regulator, Securities and Futures Commission, released stacking in April, and local issuers offer ETH tackle ETFs on the city stock exchange.
Blackrocks Bitcoin Etf now smooths its flagship S&P 500 Fund
Blackrocks Ishares Bitcoin Etf (Ibit) Now generates more annual revenue than its flagship Ishares Core S&P 500 Etf (IVV)According to a new report from Presto Research.
Ibit, with only $ 75 billion in assets under management, is expected to bring in $ 187.2 million a year from its fee of 0.25%. IVV, on the other hand, has a massive $ 624 billion, but charges only 0.03%, giving a little less in absolute revenue.
The difference is not only a hassle of fee structures – it is a window into how institutional investors see crypto exposure in 2025. “Ibit’s fees are 8.3 times higher than IVVs,” notes Presto Research, “but investors pay up.”
In a world where each basic point usually means something, the will to pay a prize for BTC via a trusted wrapping, how early we are in Crypto’s institutional adoption cycle. As Presto points out, even Coinbase’s base space trading fee is higher at 60 bps.
Ibit’s growth history also highlights the power of the brand. Institutions want Bitcoin – but they want it with Blackrock’s name on the label. While the S&P 500 ETFs have been commoditized, command Crypto ETFs still premium prices.
With Ibit, which holds the brother part of the Bitcoin Etf market stream, it becomes increasingly clear: the institutionalization of crypto is not coming. It already happens.
Market Movement:
BTC: Bitcoin rose 3.6% over 24 hours to break over $ 109,000, bent by strong volume, new support between $ 109,064- $ 109,359 and improve the global mood after the US-Vietnam trade agreement despite continued tensions in the Middle East.
ETH: ETH rose 8.6% to $ 2,608 in a high -volume breakout driven by growing institutional interest and bullish momentum, which formed new support for $ 2,565 and test presence near $ 2,617.
Gold: HSBC raised its 2025–2026 gold price forecasts for $ 3,215 and $ 3,125 per year. Ounce with reference to geopolitical risks and strong investor needs, according to Reuters.
Nikkei 225: Asia-Stophav markets traded mixed on Thursday with Japan’s Nikkei 225 down 0.15%when investors waited for details of the US-Vietnam trading agreement announced by President Trump.
S&P 500: The S&P 500 rose 0.47% to 6,227.42 Wednesday, after Trump announced a trade with US-Vietnam, although a surprising fall in June private wages raised financial concerns.
Elsewhere in crypto:
- Ripple is valid for Federal Bank Trust Charter, XRP jumps 3% (Coindesk)
- Moku Chief Business Officer shares why crypto play is broken – and how to solve it (Blockworks)
- New bankruptcy referee gives Celsius the green light to pursue $ 4.3b lawsuit against tether (Coindesk)
