The acknowledgment officially starts the clock for the US securities regulator to decide on the proposed Bitcoin and Ether combined ETF.

SEC acknowledges Trump’s Truth Social Bitcoin and Ethereum ETF

Bitcoin’s price is coasting along at $108,832 to $109,067 today, marking 
continued strength in its ongoing recovery trend. With a market capitalization 
of $2.16 trillion and a 24-hour trading volume of $23.73 billion, bitcoin 
fluctuated within a tight intraday range of $107,591 to $109,067. Bitcoin The 
1-hour BTC/USD chart illustrates a short-term recovery following a […]

Bitcoin Price Watch: Bullish Momentum Builds as BTC Eyes Higher Price Points

Shares of Kakao Bank, Kookmin Bank and the Industrial Bank of Korea rose by 
between 10% and 19% following stablecoin trademark applications.

South Korean bank stocks surge on stablecoin trademark filings

In a conversation with The Bitcoin Economy podcast, Bloomberg Intelligence ETF 
analyst James Seyffart argued that the next, and potentially largest, leg of 
institutional demand for spot-Bitcoin exchange-traded funds will not come from 
pension funds, endowments, or sovereign wealth managers. Instead, it will 
arise when the country’s fragmented network of registered investment advisers 
(RIAs) finally gains full discretionary clearance to recommend Bitcoin ETFs to 
ordinary clients. “The biggest bull case for the ETFs has been the unlocking 
of RIAs in 2025,” Seyffart said. “Right now the vast majority of the assets 
are stuck in that middle ground where, if a client specifically asks to buy a 
Bitcoin ETF, the adviser can act—but the adviser cannot initiate the 
recommendation.” The Biggest Bull Case For Bitcoin In 2025 Seyffart broke the 
compliance bottleneck into a traffic-light schema that most financial advisers 
will recognise. A red-light firm bars Bitcoin entirely; a yellow-light firm 
permits unsolicited purchases (“If you come to me and ask for it, I can do 
it”); and a green-light firm allows the adviser to solicit an allocation (“I 
can recommend that you put two percent of your portfolio in Bitcoin”). Related 
Reading: Bitcoin’s Liquidity Lifeline Just Got Cut—What You Need To Know Wire- 
house broker–dealers—which still custody trillions of dollars—largely remain 
in the red or yellow camps, paralysed by multi-year due-diligence committees. 
Independent RIAs, by contrast, “were the early adopters,” Seyffart noted, 
because they “don’t have to wait for a due-diligence team of a bunch of people 
sitting in New York.” Yet even among independents, most advisers outsource 
portfolio construction to centralised model portfolios; until those models 
flag Bitcoin ETFs as eligible holdings, discretionary uptake will stay muted. 
Seyffart’s focus on 2025 is calendrical, not calendrical: the first full- 
calendar year after launch gives compliance teams twelve months of daily NAV 
history—often a hard requirement before a new ETF can graduate from yellow to 
green status. “Usually it can take two to three years before an ETF gets 
approved,” he said, but the extraordinary size and liquidity of the spot- 
Bitcoin cohort is already accelerating that cycle. Crucially, the next Form 
13F reporting deadline on 15 August 2025 will reveal second-quarter holdings 
as of 30 June. Seyffart expects the data to confirm that “a lot more RIAs have 
come online and [are] buying this for their clients,” providing the first 
concrete measure of green-light conversions. Related Reading: Bitcoin In For 
Another 460% Run? This Rare Fiat Signal Just Returned If the gatekeeping 
retreats, model-portfolio architects can incorporate Bitcoin’s historically 
uncorrelated returns into strategic-allocation frameworks. That in turn would 
grant advisers legal cover to solicit Bitcoin exposure, unleashing a flywheel 
of inflows. Seyffart cautioned that the same compliance teams will demand 
iron-clad fiduciary justifications—volatility, custody and tax treatment 
remain live concerns—but he argued that the ETFs now provide a wrapper 
familiar to any wealth platform. Seyffart’s thesis is that the moment a 
critical mass of compliance committees flips from yellow to green—allowing 
advisers to recommend Bitcoin rather than merely transact it—flows could dwarf 
everything seen to date. Whether that inflection arrives in the next 12 months 
will determine, in his view, “the biggest bull case for Bitcoin.” At press 
time, BTC traded at $108,250. Featured image created with DALL.E, chart from 
TradingView.com

2025’s Biggest Bitcoin Bull Trigger Is Still Hidden, Expert Reveals

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Japanese consulting firm Remixpoint becomes the first publicly listed company 
in the country to pay their CEO&#8217;s salary entirely in Bitcoin, marking a 
historic milestone. In an official press release, the company&#8217;s CEO, Yoshihiko 
Takahashi, explained that it was initially…