Bitcoin ETFs Approved
Bitcoin ETFs Approved
Robinhood Wants To List ETFs ASAP, Ripple Buys Back $285M Of Shares, Vitalik Proposes ETH Gas Limit Increase
Welcome to Coinfeeds Daily Digest! The SEC has approved Bitcoin ETFs. Bitwise, similar to VanEck, pledged 10% of its ETF profits to support open-source Bitcoin Core development and also set the lowest management fee of 0.2% out of all the ETF issuers. With ETFs approved in the US, Hong Kong lawmaker Johnny Ng started pushing crypto ETFs, urging the government to embrace adoption. Vitalik Buterin went on a Reddit AMA where he proposed a 33% increase to Ethereum's gas limit to tackle scalability issues and improve the network's throughput. In other news, the Cosmos community is voting on ATOM's inflation cut, and Ripple is buying back $285 million in shares from its vast pool of cash and digital asset holdings after a legal victory.
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Bitcoin ETFs Approved
After a long period of anticipation and several rejections, the SEC has finally given the green light to spot Bitcoin ETFs. This approval is a game-changer for the cryptocurrency industry, as it is expected to attract a wave of institutional capital inflow into Bitcoin. | Read More
BTC ETF Issuer Bitwise Pledges 10% of Profits To Open-Source Development
The Bitwise Bitcoin ETF stands out with its management fee of 0.20%, currently the lowest among approved spot Bitcoin ETFs, but its strategy extends beyond just low fees. The company has pledged to donate 10% of the profits from the BITB to fund open-source Bitcoin development. | Read More
Vitalik Proposes 33% Gas Limit Increase
Vitalik Buterin has proposed a significant change to the network's gas limit. The gas limit is a crucial component of the Ethereum network that determines how many transactions can be included in a block. Currently, the gas limit is set at 30 million, a figure that has remained unchanged for nearly three years. | Read More
Robinhood To List Bitcoin ETFs ASAP
With the SEC's green light, Robinhood is not wasting any time. The platform is set to list 11 approved spot bitcoin ETFs, a move that demonstrates the company's commitment to staying at the forefront of financial innovation. | Read More
Ripple Buys Back $285M in Shares
Ripple's decision to buy back shares is underpinned by its considerable financial resources. With over $1 billion in cash and a staggering $25 billion in digital assets, Ripple is in a prime position to execute this buyback without compromising its operational funds. | Read More
Hong Kong Lawmaker Pushes For Spot Bitcoin ETFs
In the wake of the United States approving spot bitcoin ETFs, a significant development has occurred in Hong Kong's financial landscape. Lawmaker Johnny Ng has made a call to action for the local government to take swift steps in embracing the burgeoning cryptocurrency market. | Read More