CNBC: Bitcoin ETFs Could Go Live Thu/Fri
$151M Inflow First Week Of 2024, More Bitcoin ETF Applicants Set Fees, Physical Bitcoin On A Spaceship To Moon
Welcome to Coinfeeds Daily Digest! Today we cover CNBC saying that Bitcoin ETFs could start trading live on Thursday or Friday this week, an ex-SEC chair saying that the Bitcoin ETF approval is inevitable, and Gary Gensler saying once again that cryptocurrency is dangerous as the SEC decision approaches. A physical Bitcoin wallet is currently on its way to our Moon, an initiative crafted by BitMEX and its partners Astrobotic, Bitcoin Magazine, and Oxcart Assembly, all under NASA's wing. The Solana ecosystem is seeing ups and downs as it now boasts over 2,500 active monthly developers and the BONK memecoin dropped 70%. Jim Cramer yet again turned bearish on Bitcoin, saying that it might be 'topping out', while Standard Chartered predicted a $200K Bitcoin by late 2025 if the ETFs get approved.
Market Update
News
CNBC: Bitcoin ETFs Could Trade Live on Thursday or Friday
According to a report by CNBC, the approval for Bitcoin ETFs could be announced as soon as Wednesday, setting the stage for them to begin trading live on Thursday or Friday. | Read More
Ex-SEC Chair: Bitcoin ETF Approval Inevitable, 'There's Nothing Left to Decide'
Amidst the speculation and delays, a significant voice has joined the conversation: former SEC Chairman Jay Clayton. Clayton has expressed confidence that the approval of a spot Bitcoin ETF in the United States is not a matter of if, but when. | Read More
Physical Bitcoin Wallet On Its Way To The Actual Moon
In a groundbreaking event that merges the realms of cryptocurrency and space exploration, a physical Bitcoin wallet has been launched to the moon. This wallet, containing one Bitcoin, is part of a historic mission aboard the Vulcan Centaur rocket. | Read More
Crypto Market Sees $151M Inflow in 2024 Start
The cryptocurrency market has kicked off the year 2024 on a positive note, with significant inflows in various crypto investment products. During the first week of the year, the market has seen an influx of $151 million. | Read More
SEC Chair Gensler Says Again That Crypto Is Dangerous
SEC Chair Gary Gensler has once again voiced his concerns about the cryptocurrency market. Gensler's repeated warnings underline the risks associated with investing in crypto, particularly highlighting the prevalence of scams and fraud within the sector. | Read More
Bitcoin ETF Applicants Race To The Bottom With Fees
As the race to launch the first spot Bitcoin ETF in the US intensifies, asset managers are aggressively cutting fees in a bid to attract investors. Grayscale’s fee has been lowered from 2% to 1.5%, according to an updated S3 filing. | Read More
VanEck Seeds Bitcoin ETF With $72.5M, Bitwise Lines Up $200M of Interest
VanEck has taken a bold step by seeding its potential spot Bitcoin ETF with a substantial $72.5 million. This move, detailed in an amended S-1 form, signals confidence in the future of cryptocurrency-based financial products. | Read More
Solana Now Has Over 2,500 Active Monthly Developers
According to the Solana Foundation, the platform now boasts over 2,500 monthly active developers. Their new report suggests that the ecosystem has seen a 50% increase in developer retention over the last three months. | Read More