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On January 6th, NIO founder, chairman, and CEO William Li announced at an event that NIO is entering its third development phase, with high-quality growth as its core objective. He stated that NIO will deepen the synergy among its three brands, continuously increase market share in various segments, and maintain an annual growth rate of 40%-50%. Simultaneously, it will continue to invest heavily in infrastructure construction, aiming to have over 10,000 charging and battery swapping stations by 2030. The currently soaring memory prices have become a focal point across various industries. Li predicts that this will also inject more uncertainty into the automotive market this year. Will the surge in memory prices affect consumers car purchase prices? Li revealed that the current market conditions are still within the companys acceptable range, and the price increase has not yet been passed on to end consumers. However, whether it will affect subsequent car price trends remains to be seen.On January 6th, shares of the German automaker rose after Nvidia announced that Mercedes-Benz would be the first automaker to use its software to power new driver-assistance features. The new self-driving cars equipped with this technology will first launch in the US under the Mercedes-Benz CLA brand in the coming months, followed by a wider rollout in Europe and Asia. Mercedes-Benz shares rose 1.5%, while shares of Daimler Trucks, in which Mercedes-Benz holds a 36% stake, surged 3.9%.On January 6th, King Long Motors announced that its bus production volume in December 2025 was 7,029 units, a year-on-year increase of 9.85%; bus sales volume in the same month was 7,254 units, a year-on-year decrease of 0.59%.January 6th - The National Health and Wellness Work Conference was held in Beijing from January 5th to 6th. The conference emphasized the need to creatively implement groundbreaking policies and measures, comprehensively promote the health-first development strategy, accurately grasp the close integration of investment in materials and investment in people, and scientifically and efficiently formulate the "15th Five-Year Plan." It also stressed the importance of vigorously promoting the implementation of policies to deepen medical reform, advancing the reform of public hospitals with a public welfare orientation, accelerating the construction of closely integrated county-level medical consortia and urban medical groups, and supporting provincial-level pooling of basic medical insurance. Furthermore, the conference called for optimizing fertility support policies and incentives, promoting positive views on marriage and childbearing, coordinating the development of inclusive childcare and integrated childcare, issuing childcare subsidies, optimizing maternal and child services, and striving to stabilize the newborn population. It also emphasized strengthening the monitoring, early warning, and emergency response to key infectious diseases, improving the infectious disease prevention and control capabilities of port cities and high-risk areas, and increasing influenza vaccination rates and immunization levels among key populations. Finally, it stressed the need to strengthen the prevention, treatment, and management of multiple diseases simultaneously and control the harm of chronic diseases.Morgan Stanley: Although the oil market appears to be experiencing a severe oversupply in 2026 and the first half of 2027, it is expected to return to balance by the second half of 2027.

A Matter Of When Not If For Spot Bitcoin ETF – Grayscale CEO

Skylar Shaw

Apr 19, 2022 10:53

In a recent interview, Grayscale Investments' CEO said that a bitcoin spot ETF is "a question of when, not if."


Grayscale is waiting to hear back from the Securities and Exchange Commission on its request to transform Grayscale Bitcoin Trust into a bitcoin ETF.


Despite widespread desire, crypto exchange laws may not be implemented until 2023.

A Matter Of When Not If

In a recent interview with CNBC, Grayscale Investments CEO Michael Sonnenshein said, "It truly is a question of when, not if there is a (US-based) bitcoin spot ETF."


The US Securities and Exchange Commission (SEC) has accepted a new bitcoin futures ETF, which was filed under the Securities Act of 1993 rather than the Securities Exchange Act of 1940, unlike earlier bitcoin futures ETF applications.


As a consequence, crypto experts claim that the form of this new ETF paves the way for the adoption of spot bitcoin ETFs in the United States, an investment product that the crypto community has long pushed for.


Despite receiving clearance in countries including Canada and Brazil, the SEC has so far rejected all applications for a spot bitcoin ETF, citing worries about manipulation and fraud.


"From the SEC's standpoint, there were several protections that (19)40 Act products have that (19)33 products don't have," Grayscale Investments CEO Sonnenshein said, "but those protections never ever addressed the SEC's concern over the underlying bitcoin market and the potential for fraud or manipulation."


"The fact that they've now altered their thinking and authorized a 33 Act product with Teucrium really invalidates that argument and speaks to the connectivity between bitcoin futures and the underlying bitcoin spot markets that provide the futures contracts with their value," Sonnenshein concluded.


"If the SEC can't look at two similar concerns, the futures ETF and the spot ETF, through the same lens," he concluded, "then there might be grounds for an Administrative Procedure Act violation."


Grayscale is waiting for the SEC's examination of its request to transform Grayscale Bitcoin Trust into a bitcoin ETF to be completed. The SEC is expected to respond in early July.


The CEO of the business has been a prominent critic of the SEC's delayed and hesitant approach to approving a spot bitcoin ETF.

Lack Of Crypto Exchange Regulation A Problem

Last week, a crypto expert writing for CoinDesk expressed skepticism about the chance of a bitcoin ETF being approved in the near future.


They said that the Securities and Exchange Commission (SEC) has voiced concerns about the unregulated nature of crypto spot exchanges in the United States (at the federal level). Meanwhile, the SEC has said in previous ETF rejections that the exchanges pushing crypto ETFs have not yet adequately addressed concerns about manipulation and fraud.


They said, "It is probable (to me) that the agency will continue to reject spot ETF applications, at least for the foreseeable future."


This viewpoint is consistent with a recent argument made by Bloomberg Intelligence experts. Given a potential rule change that would bring cryptocurrency exchanges into the regulatory fold, they suggest that spot bitcoin ETFs might start receiving SEC approval by mid-2023.

Investors Clamor For Bitcoin ETF

Many in the financial sector are frustrated by the SEC's refusal to approve a bitcoin ETF.


In a poll conducted by 2022 Bitwise/ETF Trends earlier this year, 82 percent of advisers stated they would prefer to invest in a spot bitcoin ETF over a futures-based bitcoin ETF.


Similarly, a recent Nasdaq poll of 500 financial advisers indicated that 72 percent of them would be more comfortable investing in crypto if there was a spot ETF.


The approval of the first US-based spot bitcoin ETF, according to crypto experts, would be a major step toward greater institutional acceptance of the asset class.

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