June 2025 Recap of Digital Assets Industry
July was a good month for the crypto market with BTC up 9% and many altcoins outperforming BTC: XRP (+38%), SUI (+35%) and ETH (+50%). ETH is looking revitalized after investors poured nearly $5 billion into ETH ETFs in July.
Digital asset treasury companies (DATs) are helping to accumulate large sums of BTC, ETH, and other altcoins. These publicly traded companies raise capital to purchase millions, and sometimes billions, of dollars worth of digital assets.
In July, there were numerous major institutions that announced crypto integrations, such as JPMorgan, Citi Group, Bank of America, Goldman Sachs, SoFi, and Franklin Templton.
Also in July, the SEC approved in-kind redemptions for BTC and ETH ETFs, which allows investors to redeem shares in BTC or ETH rather than cash, and the White House released a report further explaining the US's digital asset regulatory framework.
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