📰 Table Of Contents
Grayscale Eyes May Approval for Ether ETFs Amid SEC Speculation
Grayscale remains optimistic about obtaining approval for spot Ether (ETH) ETFs in May, despite challenges with the U.S. Securities and Exchange Commission (SEC). Chief Legal Officer Craig Salm draws parallels from the firm’s past experiences with Bitcoin ETFs.
- The SEC has engaged with issuers on spot Bitcoin and Ethereum ETFs.
- Staking in Ether ETFs poses a unique hurdle.
- Bloomberg analysts see a 25% chance of approval for Ether ETFs.
London Stock Exchange to Launch Bitcoin and Ether ETNs, Boosting Crypto Accessibility
The London Stock Exchange (LSE) will introduce a market for bitcoin and ether exchange-traded notes (ETNs) on May 28, targeting professional investors. This move aligns with the UK’s aim to create a crypto-friendly environment.
Bitcoin Surges Past $70,000 Amid Historic Low Supply on Coinbase
Bitcoin’s price surpassed $70,000 on March 25 due to a resurgence in BTC accumulation, leading to the lowest supply on Coinbase in nine years. Institutional investors anticipate further gains, with a significant inflow of BTC to accumulation addresses.
Bitcoin Price Prediction
Bitcoin’s pivot point is around $69,700, with critical resistance levels at $72,368, $73,887, and $75,692. Support levels are at $68,183, $66,529, and $63,917. The technical setup indicates a bullish outlook for Bitcoin.
Top 15 Cryptocurrencies to Watch in 2024
Explore a curated list of the top 15 alternative cryptocurrencies and ICO projects for 2024. Stay informed and discover the potential of these digital assets for your investment portfolio.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
