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The Bureau of Labor Statistics will release the nonfarm payrolls report for June at 12:30 UTC.
Such ETFs have existed for some time in Canada and Europe, but have failed to attract large investor interest, the report said.
PLUS: Bitcoin tumbled below $30,000 for the first time in almost two weeks after a disappointing ADP private sector jobs report and ISM services index, but regained some ground later on Thursday.
The largest and smallest bitcoin whales have added to their holdings, but the group in between has jettisoned some of their tokens.
Traders now see a 94% chance of the Fed raising rates by 25 basis points later this month.
Observers call for spot-based bitcoin ETF as the bull market raises cost of pre-expiry rollover of positions for futures-based ETFs.
The forecast is consistent with bitcoin's tendency to chalk out sharp gains in the months after the mining reward halves. The fourth halving is due early next year.
Bitcoin prices have paused with support at $30,000
Even so, spot trading volumes are at historically low levels.
The decentralized cloud storage protocol has seen its market value double this week.
- 18:12Fed's Mussallem: Doesn't think recession is imminentFed's Mussallem says inflation expected to fall back to 2% by 2027. Doesn't think a recession is imminent.
- 18:12Bitget to go live on BANANAS31On 26 March, Bitget will go live with Banana For Scale (BANANAS31) in the Innovation & Meme section.
- 17:49Fed's Mussallem: Fed likely to keep rates high or consider tighter policy due to labour market and tariffsFederal Reserve Mussallem said that if the labour market continues to be strong and the effects of the second round of tariffs, the Federal Reserve may need to maintain interest rates at a higher level for a longer period of time, or consider more stringent policies.