Welcome to this week’s crypto market update. It’s hard to believe the recent market dynamics, with prices rising in wave after wave, but the retail industry has yet to fully join in the fun. Although Bitcoin has yet to cross the $40,000 mark, predictions suggest that it could reach a price of $42,000 or even $45,000 by the end of the year. Let’s dig deeper and evaluate how the market has performed during the recent pullback.

A few notes on the BlackRock ETF. On November 15, BlackRock took a major step forward by filing an S-1 application with the U.S. Securities and Exchange Commission to list its Ethereum ETF on the spot market. This S-1 filing is the important registration statement that a company must file with the SEC when seeking to have its ETF listed on the SEC's list. In short, ETFs are coming.