According to Cas Abbé, investment giant Fidelity has filed to add staking for ETH ETFs, a feature that distinguishes ETH ETFs from BTC ETFs. While an immediate massive price surge is not expected, this development is anticipated to serve as a catalyst for the next upward market movement.

According to Miles Deutscher, the reflexivity of BTC ETFs influenced market movements in both directions during last week's crash, exacerbating volatility. This highlights the significant role of ETFs in market dynamics, where increased trading volumes led to rapid price fluctuations. Deutscher notes that investor reactions through ETFs contributed to the intensity of the downward pressure on Bitcoin prices, while also amplifying subsequent rebounds when buying resumed.

According to @CCData_io, key developments in the crypto market include the U.S. government transferring nearly $600 million worth of Bitcoin (BTC) from the Silk Road case to Coinbase. Additionally, Bitwise CIO reports that institutional investors continued to adopt BTC ETFs in Q2. Senator Schumer has also committed to pro-crypto legislation if Harris wins the U.S. presidency.