CRYPTO

SEC Chair Gary Gensler – having issued his pre-emptive warning at just how terrifyingly dangerous cryptos are – proudly proclaimed the approval of Spot Bitcoin ETFs on X:

Bitcoin spiked up to $48,000 on the headline… and right back down…

Testing its highest since March 2022…

Meanwhile, in the Senate… (more…)

Bitcoin's price trend continues to be dominated by the ETF narrative, and after Friday's re-filings of various ETF applications, SEC Chair Gary Gensler just dropped the biggest hint yet that the Spot ETF approval is imminent.

This follows eleven of the asset managers that have applied for permission to launch a spot Bitcoin ETF filed 19b-4 amendments on Jan. 5.

The filers included BlackRock, Valkyrie, Grayscale, Bitwise, Hashdex, ARK Invest and 21Shares, Invesco and Galaxy, (more…)

Authored by Yashu Gola via CoinTelegraph.com,

The U.S. Securities and Exchange Commission (SEC) is moving closer to its Bitcoin ETF decision deadline on Jan. 10, with the market hopeful about approval.

This pivotal event could have wide-ranging implications on the crypto market, including the second-largest cryptocurrency, Ethereum.

Ethereum ETF hopes

Approving a Bitcoin ETF could set a regulatory precedent to ease the path for other crypto-based ETFs. The reasoning is that a Bitcoin ETF approval would likely involve establishing a framework that could be applicable to other cryptocurrencies, including Ethereum.

In December 2023, the SEC delayed its decision on several pending Ethereum ETF applications in the U.S. to May (more…)