Spot Bitcoin ETF Approval Could Trigger NFTs Comeback
Web3 experts assert that the approvals by the United States Securities and Exchange Commission (SEC) of the first spot Bitcoin exchange-traded funds (ETFs) in the United States could stimulate the declining nonfungible tokens (NFTs) ecosystem. According to Bill Qian, chairman of crypto investment firm Cipher Capital, presumably, “alternative assets” such as NFTs will “benefit indirectly” […]
Wall Street Firms Restrict Client Access to Spot Bitcoin ETFs
Prominent Wall Street firms, such as Vanguard and Edward Jones, issued investment restrictions for their clients after the SEC’s approval of 11 Spot Bitcoin ETFs. The Spot Bitcoin ETFs commenced trading on January 11, 2024, Thursday, signifying a momentous occurrence in the cryptocurrency industry. However, prominent Wall Street investment firms are not in good faith with […]
Shiba Inu Burn Rate Peaks 400% As SHIB Price Rally
With a 400% increase in burn rate and a subsequent price surge, Shiba Inu, an Ethereum-based altcoin, acquires substantial traction. On Friday, one of the most well-known meme coins built on top of the Ethereum blockchain, Shiba Inu, once more mirrored a frenzy that gripped the broader crypto market, after a monstrous surge indicated by the token’s […]
First Bitcoin (BTC) Options Expiry After ETF Approval
The Bitcoin options data indicates that despite the recent approval of the ETF, the BTC price continues to experience short-term volatility. The price of Bitcoin has not changed much in response to the historic first day of trading for the spot Bitcoin ETF on Wall Street. Bitcoin is trading 0.87 percent lower at $46,080 with […]