This episode of Markets Daily is sponsored by Cracken.

It's Wednesday, August 2nd, 2023, and this is Markets Daily from CoinDisc.

George Kulut is here again for your daily news roundup.

On today's show, we're talking Bitcoin and World Coin.

And just a reminder, CoinDisc is a news source and does not provide financial advice.

Bitcoin remains in the $29,000 to $30,000 range, and Ether also remains range bound between $1,800 and $1900.

In the world of Ether, as many as six asset managers have filed applications with the U.S. Securities and Exchange Commission, the SEC,

for Ether Futures-Based Exchange, Traded Funds, or ETFs.

First off the block on July 28th was a Volatility Shares Ether Strategy ETF.

The filing was quickly followed up by five other applications from Bitwise, Vanek, Roundhill,

Pro Shares, and Gray Scale.

All were submitted to the SEC by August 1st.

In Bitcoin Land, Micro Strategy, the software developer that's amassed a giant Bitcoin stash

in recent years filed to raise up to $750 million in share sales with plans to use the

proceeds to buy more Bitcoin.

The news came just after the company announced its second quarter results late Tuesday

afternoon. The announcement also came with a smaller announcement of Bitcoin purchases made last

month. Micro Strategies Holdings as of July 31st amounted to 152,800 Bitcoin worth about

$4.5 billion at current prices.

The news initially gave a lift to Bitcoin, which quickly rose about 3%, and briefly breached

$30,000.

The price has since pulled back.

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