New Spot with the crypto currency friendly approach of the US Securities and Stock Exchange Commission (SEC) in the coming months altcoin Approving ETFs Crypto Intermediary Establishment and Research Company K33It can pave the way for interesting Long/Short deals. On the other hand, the K33 also announced that it has launched a new share supply to collect at least $ 8.9 million in line with the target of purchasing a thousand BTC for its corporate treasury. Bitcoin with these funds $104,455.73 It plans to accelerate purchases and increase operational leverage.
Altcoin ETF approvals can bring Long/Short opportunity in the left and LTC
SEC, Solana (SOL) to reach the eight exporters applying Spot ETF and asked them to add the stinging language to their updated applications. K33 Vice President of Research Vetle lundethat this is close to the regulatory approval and both Ethereum (ETH) 
$2,506.16 He also said that Stinging has raised the chances of taking part in the Solana ETFs. Moreover, solana is not alone. With him at first Litecoin 
$84.18 (LTC), XRP And Dogcoin 
$0.16798 ETF applications have also been made for many subcoin, such as (Doge).
Moreover, Lunde, Bitcoin and Ethereum ETF He drew attention to the “Grayscale Effect, which is the key dynamic in the launch. When Grayscale’s major funding assets became ETF, more than 50 percent of their assets were sold within 200 days. But potential new Altcoin ETF ‘There are significant differences for Grayscale for s. Unlike Grayscale’s solana and Litecoin funds, XRP and Dogecoin funds, the nearest comparison is made with these funds.
Lunde, Grayscale’s Solana fund launched in 2023, has never been processed with a discount and LEFT He underlined that the supply kept only 0.1 percent, so the risk of strangling the market or exit sales is low. On the other hand, the Litecoin fund often processes the discount, 2.65 percent of the LTC supply, and re-faced the discount after the recent attempt to create funds (non-cash) funds. Moreover, so far, only Canary Capital and Coinshares are Litecoin ETFHe applied for. This means that Litecoin is less exporting to absorb potential outlets.
In Lunde, while foreseen a cleaner ETF period for Solana, he argues that there is a risk of exits and sales pressure on GBTC and Ethe for Litecoin. Therefore, especially if they receive simultaneous ETF approval, long for the left and For LTC Short is considered to be attractive.
K33 enlarges Bitcoin Treasure decisively
On the other hand, K33, on Wednesday for the corporate treasury of a thousand BTC ($ 105 million) as part of the goal of purchasing the target Bitcoin In order to get at least $ 8.9 million to collect a guided share supply. The company announced that this move will reveal the operational leverage as a brokerage, increase profit margins, make new product offers possible and improve larger corporate customers’ skills.
The offer was priced as 0,1036 Swedish crown per share and CEO Torbjørn Bull Jensen‘s 115 thousand dollars, including existing and new investors received preliminary commitments. If the demand is strong, the open -ended bid, which allows the K33 to collect funds above the minimum amount, is subject to a higher limit of the company’s discretion.
Jensen said, “This fund collection, our first target before growing, thousand pieces. BTC It is a big milestone on the way to buy, and “We strongly believe that Bitcoin represents the future of global finance, and we position K33 in a way that provides maximum benefit.” made the addition.
As it will be recalled, K33’s Bitcoin Treasury plan was implemented on May 28 with the start of a $ 6,3 million with the start of a $ 6,3 million in combination of shares export and coupon bonds convertible loans. The company realized its first Bitcoin purchase on June 3 by receiving 10 BTC for approximately 1 million dollars.
Since then, K33 has grown the Bitcoin treasury with 10 BTC purchases. As of June 18, the company announced on Wednesday with a purchase of approximately 522 thousand dollars of 522 thousand dollars of BTC and the size of the treasury increased to 25 BTC (worth $ 2.6 million). “We expect Bitcoin to be the best performance asset in the coming years and we will build our balance sheet with Bitcoin in the coming years. This will provide direct exposure to Bitcoin’s price and will help to unlock the powerful synergies with our intermediary operation.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
