The Inclusion of BTC in US Reserves and the ETF Process

While some states are rejecting reserve applications, the process of BTC's inclusion in US reserves requires a long and intense flow of data. A clear roadmap regarding this could shape expectations and have a positive impact on prices. The application for the staking option of ETH ETFs will likely be approved by the SEC without much delay. The elimination of the possibility of failure for this product will have a direct positive effect on the parity. However, we also need to see institutional capital flows that evaluate this development positively. In addition, ETF applications made for large-cap cryptocurrencies (SOL, LTC, ADA, HBAR, XRP) will primarily create product diversity for Wall Street, and then for global asset management companies, increasing the market's visibility. The announcement by Citadel CEO Kenneth Griffin that they will begin providing liquidity and market-making for the market can be considered a positive development in an environment where most pairs have seen a decline in volume recently.