Mass adoption getting closer?
#News
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Why it matters
As we wrote earlier, the opposition is positive towards bitcoin, before the election they promised to approve #ETF for #BTC if they won.
Now we wait for the fulfillment of election promises and another step of Asian region to meet cryptocurrencies
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By the end of the first quarter of this year, 937 professional firms invested in American spot #Bitcoin ETFs, while only 95 invested in gold.
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Now Morgan is the largest holder of GBTC after Susquehanna International Group, who invested $1 billion.
First banks criticize #BTC, and then they buy it
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For now, the decision will only apply to VanEck.
For the largest contender for launching ETH ETFs, #BlackRock, the review period is set for August 7.
Meanwhile, QCP Capital believes that if the spot ETH ETF is approved, we can expect #ethereum to reach $5000 this year.
#CryptoNews #Opinion
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Certain coins are experiencing up to 161% growth due to speculative news
Meanwhile, forecasts for the price of #ETH, in the event of an ETF launch, predict it reaching $14,000 by the end of next year
#CryptoNews
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#Opinion
🔷 Analyst Eric Balchunas from #Bloomberg believes that the #SEC decision on the #Ethereum #ETF can be expected around 23:00 (GMT+3)
In January, the approval for the launch of a #BTC ETF was published around the same time💰
In Eric's comments, there's some irony about whether we should expect a hack of the SEC account this time as well. Recall that a day before the official publication about the #bitcoin ETF, a message about the approval appeared on the SEC's page, causing a spike in the digital gold price. The SEC later stated that the account had been hacked.
So, #ETH to the moon?🚀
🔥 — yes
🌚 — no
In January, the approval for the launch of a #BTC ETF was published around the same time
In Eric's comments, there's some irony about whether we should expect a hack of the SEC account this time as well. Recall that a day before the official publication about the #bitcoin ETF, a message about the approval appeared on the SEC's page, causing a spike in the digital gold price. The SEC later stated that the account had been hacked.
So, #ETH to the moon?
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