Top analysts have raised Bitcoin ETF approval odds to 65%
an increase in the odds of approval of an Bitcoin exchange-traded fund to 65% — a significant leap from the 50% estimation just a couple of weeks prior, and a near-impossible 1% a few months back.
The primary contributing factors for this revised estimate, according to the analysts, include the seemingly relaxed stance of Gary Gensler, chairman of the U.S. Securities and Exchange Commission , and the strategic moves by major cryptocurrency investment firm Grayscale. Grayscale Investments has emerged as a key player in the unfolding drama surrounding Bitcoin ETFs. The firm responsible for the popular Grayscale Bitcoin Trust , it recently submitted a letter to the SEC. This letter
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ETF analyst raises spot Bitcoin ETF approval chances in the US to 65%The spot Bitcoin ETF race has garnered attention from some of the biggest traditional financial institutions and the likes of Balchunas believe that the interest of these institutional giants like Blackrock could be the best possible chance for approval of a spot Bitcoin ETF.
Read more »
Is Bitcoin on Slippery Slope? Factors Point to Potential $27,000 PlungeWith Bitcoin slipping below the 50 EMA and signs of decreasing network inflows, is a significant price drop on the horizon?
Read more »
Pro Trader Peter Brandt Says Bitcoin Halving 'Will Be a Non-Event' – Featured Bitcoin NewsBrandt told his followers that the only thing that matters is bitcoin’s undisputed position as the number one crypto asset. bitcoinetf bitcoinhalving
Read more »
Bitcoin, Ethereum Technical Analysis: BTC Starts August Trading Below $29,000 – Market Updates Bitcoin NewsBitcoin dropped below the $29,000 level to start the month of August, as the greenback continued to strengthen versus other G7 currencies.
Read more »
1 arrested in connection with 2 ATVs driving wrong way on Interstate 65Morgan County authorities have arrested one person after they say two ATVs drove on Interstate 65, occasionally going the wrong way.
Read more »
Bitcoin Miner Genesis Digital Assets Opens 3 New Data Centers in South Carolina – Mining Bitcoin NewsGenesis Digital Assets (GDA) revealed it has opened three new bitcoin data centers in the western region of South Carolina.
Read more »