Good Morning, Asia. Here is what’s making information within the markets:
Welcome to Asia Morning Briefing, a every day abstract of prime tales throughout U.S. hours and an summary of market strikes and evaluation. For an in depth overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.
The newly launched REX-Osprey Solana + Staking ETF (SSK), the primary crypto staking exchange-traded fund (ETF) listed within the U.S., ended the day with $33 million in quantity, with Bloomberg ETF analyst Eric Balchunas calling the launch higher than the typical ETF itemizing.
$SSK ended day with $33m in quantity. Once more, blows away the Solana futures ETF and XRP futures ETFs (or the avg ETF launch) however it’s a lot decrease than the Bitcoin and Ether spot ETFs. pic.twitter.com/t6LkQwDXLc
— Eric Balchunas (@EricBalchunas) July 2, 2025
The ETF provides traders oblique entry to Solana whereas incomes staking rewards with no need technical experience.
Whereas the quantity was a lot decrease than the launch of BTC and ETH ETFs, Balchunas famous that the buying and selling quantity was a lot stronger than latest Solana futures ETF listings or XRP futures ETFs launches.
SOL is buying and selling above $150 on the information, up roughly 4%, according to CoinDesk market data.
In late Might, the Securities and Exchange Commission ruled that crypto staking doesn’t violate securities legal guidelines, paving the way in which for issuers to supply such staking merchandise.
There is not any ETH staking ETF presently provided within the U.S., although 3iQ offers one on the Toronto Inventory Change.
Hong Kong’s market regulator, the Securities and Futures Fee, released staking rules in April, and native issuers provide ETH staking ETFs on the city’s stock exchange.
BlackRock’s Bitcoin ETF Now Out-Earns Its Flagship S&P 500 Fund
BlackRock’s iShares Bitcoin ETF (IBIT) is now producing extra annual income than its flagship iShares Core S&P 500 ETF (IVV), according to a new report by Presto Research.
IBIT, with simply $75 billion in belongings underneath administration, is anticipated to usher in $187.2 million a yr from its 0.25% charge. IVV, against this, holds a large $624 billion however prices simply 0.03%, yielding barely much less in absolute income.
The distinction isn’t only a quirk of charge constructions—it’s a window into how institutional traders view crypto publicity in 2025. “IBIT’s charges are 8.3 instances greater than IVV’s,” Presto Analysis notes, “however traders are paying up.”
In a world the place each foundation level often issues, the willingness to pay a premium for BTC by way of a trusted wrapper underscores simply how early we’re in crypto’s institutional adoption cycle. As Presto factors out, even Coinbase’s base spot buying and selling charge is greater, at 60 bps.
IBIT’s development story additionally highlights the ability of name. Establishments need Bitcoin—however they need it with BlackRock’s title on the label. Whereas S&P 500 ETFs have turn out to be commoditized, crypto ETFs nonetheless command premium pricing.
With IBIT holding the lion’s share of Bitcoin ETF market inflows, it’s more and more clear: the institutionalization of crypto isn’t coming. It’s already occurring.
Market Actions:
BTC: Bitcoin surged 3.6% over 24 hours to interrupt above $109,000, buoyed by sturdy quantity, new help between $109,064–$109,359, and enhancing world sentiment following the US-Vietnam commerce deal regardless of continued Center East tensions.
ETH: ETH surged 8.6% to $2,608 in a high-volume breakout fueled by rising institutional curiosity and bullish momentum, forming new help at $2,565 and testing resistance close to $2,617.
Gold: HSBC raised its 2025–2026 gold value forecasts to $3,215 and $3,125 per ounce, citing geopolitical dangers and robust investor demand, based on Reuters.
Nikkei 225: Asia-Pacific markets traded combined Thursday, with Japan’s Nikkei 225 down 0.15%, as traders awaited particulars of the U.S.-Vietnam commerce deal introduced by President Trump.
S&P 500: The S&P 500 rose 0.47% to six,227.42 on Wednesday after Trump introduced a U.S.-Vietnam commerce deal, although a shock drop in June non-public payrolls raised financial issues.
Elsewhere in Crypto:
- Ripple Applies for Federal Financial institution Belief Constitution, XRP Jumps 3% (CoinDesk)
- Moku Chief Enterprise Officer shares why crypto gaming is damaged — and tips on how to repair it (Blockworks)
- NY Chapter Decide Provides Celsius the Inexperienced Mild to Pursue $4.3B Lawsuit Towards Tether (CoinDesk)