The SEC has accepted BlackRock’s application for a Bitcoin E | JoshFat on Binance Square

Trending Articles

Bookmarked and Liked

--

The SEC has accepted BlackRock’s application for a Bitcoin ETF for review, bringing us closer to the launch of the first spot Bitcoin exchange-traded fund (ETF) in the US. However, the world’s largest asset manager faces potential obstacles to the product’s acceptance. The barriers have to do with recent scandals and attendant reputational fallout.

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

621

0

Explore the latest crypto news

⚡️ Be a part of the latests discussions in crypto

💬 Interact with your favorite creators

👍 Enjoy content that interests you

Email / Phone number

Relevant Creator

@JoshFat

Explore More From Creator

The next level in the crypto market. But note that this is more of a correction than a bull 🐂 run.

--

The upward movement in the crypto market is due to this.

--

In May, the crypto market rebounded, with several tokens experiencing notable increases. Uniswap (UNI) led the way with a 53.59% increase, followed by Chainlink (LINK) with a 39.69% rise, and Chiliz (CHZ) which climbed 38.44%. This positive trend was driven by a broader market rally, particularly influenced by Bitcoin's performance.

--

Ethereum ETFs Approved As Market Volatility Peaks In the past week, The U.S. Securities and Exchange Commission (SEC) has approved eight spot ETFs for Ether (the native coin of the Ethereum network). This marks a milestone for Ether, not just because it is the second ever cryptocurrency to receive this treatment, following Bitcoin’s approval, but more importantly because it enables more traditional investors to gain exposure to the asset. The approval also coincided with a notable increase in Ether’s price, edging closer to $4,000, whilst the broader market showed mixed reactions, with Bitcoin experiencing slight dips but maintaining a strong position around $68,000. Just like other ETFs (Exchange Traded Funds), this is a financial instrument that will track the price of Ether and is traded on traditional stock exchanges. The benefit of this approach is that it can allow investors to gain exposure to Ether without directly purchasing the cryptocurrency itself, as well as being closely regulated and familiar to those that prefer more traditional approaches to investing. Looking at the bigger picture, the approval of the Ethereum ETFs is predicted by some analysts to have several key impacts: Increased Institutional Investment: ETFs provide a gateway for institutional investors who are hesitant to invest directly in cryptocurrencies due to regulatory and security concerns. Market Volatility: The announcement of the ETF approvals has already appeared to make some impact on Ether’s volatility, with Ether inching closer to the $4,000 mark. Once the ETFs begin trading, it can be expected that Ether will see volatility similar to that of Bitcoin when its ETFs were launched. Liquidity: ETFs generally improve market liquidity and this increased liquidity can lead to better market efficiency. Whilst it’s still to be seen how the market reacts when the ETFs go live, what is certain is that this is another step closer to adoption of cryptocurrencies more widely.

--

There's a common misconception that crypto is more of a tool for financial crime than traditional assets. However, data from Europol suggests that assets such as real estate are far more prevalent tools for money laundering.

--

Latest News

Cetus Hack Exploits Overflow Vulnerability, Resulting in $230 Million Loss

--

SuiLend Prioritizes Security and Transparency in DeFi Lending

--

Hyper Foundation's Official Twitter Account Compromised

--

Bitcoin(BTC) Surpasses 108,000 USDT with a Narrowed 2.30% Decrease in 24 Hours

--

USDC Circulation Increases by 800 Million in Recent Week

--

Trending Articles

/_$DOGE SPOT token is being distributedd_/ [CLICK HERE TO G

Stop Loss Lagana Seekho: Apne Capital Ko Bachane Ka Asli Tareeqa”

Noob to pro trader

[45,000 DOGE in Token Vouchers](https://www.binance.com/en/s

XRP coins details

Trump Cuts Ties with Elon Musk on Truth Social — “He’s Done”

Cookie Preferences

Cookie Preferences