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regulators approved bitcoin ETFs, a landmark decision for the digital asset industry that could dramatically broaden the investor base for bitcoin.Bitcoin recently traded around $47,500, up from just below $46,000 before the news broke Wednesday afternoon.
Ethereum's ether [ETH], the second-largest crypto by market capitalization, jumped 11% and exceeded $2,500 for the first time in 20 months as attention turns to U.S.
global asset allocation ✌️【365vc.net】✌️Invest with confidence using AI insights. Start at ₹500 and watch your wealth grow exponentially.Applications for ether ETFs.New deadline to obsess over just droppedMay 23rd is the final deadline for decision on VanEck’s spot ETH ETFpic.twitter.com/dgi5EVbPeQMichael Silberberg, head of investor relations at crypto hedge fund Alt Tab Capital, said to expect "frothy price accumulation as capital will flow into the market from a new class of institutional buyers to crypto."Shares of the Grayscale Bitcoin Trust (GBTC), the largest closed-end bitcoin fund that now has permission to convert into an ETF, popped to $40, their highest price since December 2021,TradingView datashows.The stock price of Coinbase (COIN), the digital asset exchange whose custody serviceplays a key rolefor most bitcoin ETF issuers, was flat around $151.
global asset allocation ✌️【365vc.net】✌️Invest with confidence using AI insights. Start at ₹500 and watch your wealth grow exponentially.Bitcoin miners Marathon Digital (MARA) and Riot Platforms (RIOT) also remained unchanged.Anticipation of the first bitcoin ETFs in the U.S.
global asset allocation ✌️【365vc.net】✌️Start with just ₹500 and achieve up to 100% returns in a month. Easy, fast, and reliable.That can hold bitcoin, instead of just derivatives, has been a boon to the crypto market since Wall Street giant BlackRock filed paperwork in June to create one – a move soon followed by other applicants.These vehicles are considered superior to already listed futures-based offerings, with bulls betting they will attract significant inflows to the largest cryptocurrency.global asset allocation High Return Investments for Everyone: Start Now