Bitcoin (BTC) Dominance Slips Below 50% as Market Liquidity Hits ATH
CoinGape (RSS)
Bitcoin’s (BTC) price is seeing a slip in its overall dominance amid an encompassing rally in the broader digital currency ecosystem with altcoins seeing encompassing valuation boosts.
Bitcoin Dominance and Market Liquidity
According to data from crypto analytics platform IntoTheBlock (ITB), Bitcoin dominance is pegged at 48% amid a recent rally to an All-Time High (ATH) of $72,850.71 that pushed its market capitalization above $1,425,765,296,329.
The IntoTheBlock data pegs Ethereum dominance at 17% amid the altcoin’s momentum push to retest its ATH of $4,891.70. Stablecoins saw a 5% dominance boost while other digital currencies profiled on the platform held the remaining 30% dominance sway.
Despite the massive Bitcoin dominance, the cryptocurrency has lost its gait a bit in the market with a slip from 50% bench...
View original post
CoinGape (RSS)
Bitcoin’s (BTC) price is seeing a slip in its overall dominance amid an encompassing rally in the broader digital currency ecosystem with altcoins seeing encompassing valuation boosts.
Bitcoin Dominance and Market Liquidity
According to data from crypto analytics platform IntoTheBlock (ITB), Bitcoin dominance is pegged at 48% amid a recent rally to an All-Time High (ATH) of $72,850.71 that pushed its market capitalization above $1,425,765,296,329.
The IntoTheBlock data pegs Ethereum dominance at 17% amid the altcoin’s momentum push to retest its ATH of $4,891.70. Stablecoins saw a 5% dominance boost while other digital currencies profiled on the platform held the remaining 30% dominance sway.
Despite the massive Bitcoin dominance, the cryptocurrency has lost its gait a bit in the market with a slip from 50% bench...
View original post
Bitcoin ETFs Soar to $55 Billion, Double Volume in Just 2 Months
CoinGape (RSS)
The recent launch of spot Bitcoin ETFs in early January 2024 marked a significant milestone for the cryptocurrency industry. In an astonishing turn of events, these ETFs have amassed $55 billion in assets. Additionally, they registered a trading volume 100% larger than anticipated. This unprecedented success has drawn the attention of industry analysts and investors alike.
Eric Balchunas, a Senior ETF Analyst at Bloomberg, described the success of Bitcoin ETFs as “simply absurd.” The rapid accumulation of assets and the surge in trading volume surpassed expectations. Even if these were the year-end figures for 2024, Balchunas admitted, the success would be undeniable. Among the standout performers in this burgeoning sector are ...
View original post
CoinGape (RSS)
The recent launch of spot Bitcoin ETFs in early January 2024 marked a significant milestone for the cryptocurrency industry. In an astonishing turn of events, these ETFs have amassed $55 billion in assets. Additionally, they registered a trading volume 100% larger than anticipated. This unprecedented success has drawn the attention of industry analysts and investors alike.
Eric Balchunas, a Senior ETF Analyst at Bloomberg, described the success of Bitcoin ETFs as “simply absurd.” The rapid accumulation of assets and the surge in trading volume surpassed expectations. Even if these were the year-end figures for 2024, Balchunas admitted, the success would be undeniable. Among the standout performers in this burgeoning sector are ...
View original post
Can Doctoral Training in AI and Quantum Propel UK’s Innovation Agenda? Unveiling the Impact of a £1 Billion Investment
Cryptopolitan (RSS)
In a monumental stride towards fostering innovation and nurturing the next generation of scientific pioneers, the Science Secretary is poised to unveil a visionary £1 billion investment plan aimed at cultivating 65 Centres for Doctoral Training (CDTs) across the United Kingdom, focusing on Doctoral Training in AI and Quantum. Set to be announced on Tuesday 12 March, this transformative initiative underscores the government’s resolute commitment to propel advancements in pivotal domains such as Artificial Intelligence (AI) and Quantum technologies, positioning the UK at the forefront of global innovation.
Fostering talent in doctoral training in AI across the UK
In an era marked by unprecedented technological evolution, the significance of fostering talent and driving innovation cannot be overstated. With this ethos at its core, the UK government h...
View original post
Cryptopolitan (RSS)
In a monumental stride towards fostering innovation and nurturing the next generation of scientific pioneers, the Science Secretary is poised to unveil a visionary £1 billion investment plan aimed at cultivating 65 Centres for Doctoral Training (CDTs) across the United Kingdom, focusing on Doctoral Training in AI and Quantum. Set to be announced on Tuesday 12 March, this transformative initiative underscores the government’s resolute commitment to propel advancements in pivotal domains such as Artificial Intelligence (AI) and Quantum technologies, positioning the UK at the forefront of global innovation.
Fostering talent in doctoral training in AI across the UK
In an era marked by unprecedented technological evolution, the significance of fostering talent and driving innovation cannot be overstated. With this ethos at its core, the UK government h...
View original post
Singapore Central Bank Raises Caution over AI’s Role in Monetary Policy
Cryptopolitan (RSS)
In a pivotal speech at the 2024 Advanced Workshop for Central Bankers hosted by the National University of Singapore, Edward S Robinson, the deputy managing director for economic policy and chief economist at Singapore’s Monetary Authority, issued a clarion call regarding the role of artificial intelligence (AI) in shaping monetary policy. Robinson’s remarks come amidst growing interest in leveraging AI and machine learning (ML) techniques to bolster economic forecasting and model building. While acknowledging AI’s promise, Robinson underscored critical limitations that raise caution flags for policymakers.
The potential and pitfalls of AI in economic modeling
Robinson’s speech highlighted the remarkable strides made in AI and ML techniques, particularly in the realm of economic modeling. He noted instances where AI had already proven beneficial, such as identifying irregular financial transac...
View original post
Cryptopolitan (RSS)
In a pivotal speech at the 2024 Advanced Workshop for Central Bankers hosted by the National University of Singapore, Edward S Robinson, the deputy managing director for economic policy and chief economist at Singapore’s Monetary Authority, issued a clarion call regarding the role of artificial intelligence (AI) in shaping monetary policy. Robinson’s remarks come amidst growing interest in leveraging AI and machine learning (ML) techniques to bolster economic forecasting and model building. While acknowledging AI’s promise, Robinson underscored critical limitations that raise caution flags for policymakers.
The potential and pitfalls of AI in economic modeling
Robinson’s speech highlighted the remarkable strides made in AI and ML techniques, particularly in the realm of economic modeling. He noted instances where AI had already proven beneficial, such as identifying irregular financial transac...
View original post
Meta Files Lawsuit Against Former VP Over Alleged Theft of Confidential Documents
Cryptopolitan (RSS)
In a significant development within the tech industry, Meta Platforms Inc., formerly Facebook, has taken legal action against its former Vice President, Dipinder Singh Khurana, alleging the theft of confidential documents prior to his departure to join a secretive AI cloud computing startup. This lawsuit, filed in a California state court, marks a pivotal moment in the ongoing battle to safeguard intellectual property and sensitive information within the tech sector.
Meta’s allegations and legal action
Meta Platforms Inc. has escalated its legal battle by filing a lawsuit against Dipinder Singh Khurana, a former high-ranking executive within the company, for purportedly absconding with a trove of confidential documents prior to his transition to a clandestine AI cloud computing venture. Khurana, who served as Vice President of infrastructure at Meta for a tenure spanning 12 years, st...
View original post
Cryptopolitan (RSS)
In a significant development within the tech industry, Meta Platforms Inc., formerly Facebook, has taken legal action against its former Vice President, Dipinder Singh Khurana, alleging the theft of confidential documents prior to his departure to join a secretive AI cloud computing startup. This lawsuit, filed in a California state court, marks a pivotal moment in the ongoing battle to safeguard intellectual property and sensitive information within the tech sector.
Meta’s allegations and legal action
Meta Platforms Inc. has escalated its legal battle by filing a lawsuit against Dipinder Singh Khurana, a former high-ranking executive within the company, for purportedly absconding with a trove of confidential documents prior to his transition to a clandestine AI cloud computing venture. Khurana, who served as Vice President of infrastructure at Meta for a tenure spanning 12 years, st...
View original post
How Can AI-Driven Reskilling Revolutionize Education and Employment?
Cryptopolitan (RSS)
In the wake of the AI revolution, the landscape of education and employment is undergoing a profound transformation. The exponential growth of Artificial Intelligence (AI) is reshaping industries and job markets, creating both challenges and opportunities. Amidst this AI-driven reskilling imperative, stakeholders must collaborate to navigate the evolving landscape of learning and work.
AI-driven reskilling – Collaborative solutions for education and employment transformation
In addressing the imperative of AI-driven reskilling, a shared responsibility model emerges as paramount. Businesses, individuals, and governments each have crucial roles to play. Companies are urged to invest in upskilling and reskilling programs, leveraging internal training initiatives and partnerships with educational institutions. Concurrently, individuals must embrace lifelong learning, leveraging online resources and s...
View original post
Cryptopolitan (RSS)
In the wake of the AI revolution, the landscape of education and employment is undergoing a profound transformation. The exponential growth of Artificial Intelligence (AI) is reshaping industries and job markets, creating both challenges and opportunities. Amidst this AI-driven reskilling imperative, stakeholders must collaborate to navigate the evolving landscape of learning and work.
AI-driven reskilling – Collaborative solutions for education and employment transformation
In addressing the imperative of AI-driven reskilling, a shared responsibility model emerges as paramount. Businesses, individuals, and governments each have crucial roles to play. Companies are urged to invest in upskilling and reskilling programs, leveraging internal training initiatives and partnerships with educational institutions. Concurrently, individuals must embrace lifelong learning, leveraging online resources and s...
View original post
Grayscale Solana Trust Premium Jumps 870% As SOL Price Hits $150
CoinGape (RSS)
Ethereum’s Layer-1 competitor Solana has continued to show strength gaining an additional 10% in the last 24 hours. As of press time, the Solana (SOL) price is up 7.5% trading at $151 with a market cap of $66.6 billion. If the bulls manage to maintain a position above $150, the SOL price can rally further to $200.
Grayscale Solana Trust Premium Shoots 800%
Grayscale Solana Trust (GSOL) made headlines as its secondary market price soared to an unprecedented high of $540 on March 8, with the premium rate hitting an astounding 873%, according to data from Grayscale.
However, by March 11, the price of GSOL experienced a decline, settling at $317 at the closing bell. Despite the decrease in price, the premium rate remained remarkably high, standing at 472%. This volatility in GSOL’s secondary market price has drawn significant attention from investors and analys...
View original post
CoinGape (RSS)
Ethereum’s Layer-1 competitor Solana has continued to show strength gaining an additional 10% in the last 24 hours. As of press time, the Solana (SOL) price is up 7.5% trading at $151 with a market cap of $66.6 billion. If the bulls manage to maintain a position above $150, the SOL price can rally further to $200.
Grayscale Solana Trust Premium Shoots 800%
Grayscale Solana Trust (GSOL) made headlines as its secondary market price soared to an unprecedented high of $540 on March 8, with the premium rate hitting an astounding 873%, according to data from Grayscale.
However, by March 11, the price of GSOL experienced a decline, settling at $317 at the closing bell. Despite the decrease in price, the premium rate remained remarkably high, standing at 472%. This volatility in GSOL’s secondary market price has drawn significant attention from investors and analys...
View original post
Shiba Inu Whale Accumulates 332 Bln SHIB, A Price Rally Ahead?
CoinGape (RSS)
As the global digital assets realm braces itself for a crypto market bull run ahead, an intriguing event recorded within the Shiba Inu ecosystem appears to have garnered noteworthy attention among crypto market traders and investors across the broader crypto market.
As per insights unveiled by the blockchain tracker Whale Alert, a staggering 332 billion SHIB accumulated by an unknown wallet address stirred a whirlpool of speculations among crypto market enthusiasts worldwide as SHIB encountered a major roadblock at the $0.000045 level. Following a remarkable 253% surge in the past thirty days, the meme coin continues to make waves throughout the vast sea of crypto, with the mentioned whale accumulation curating an additional wave of optimism for the token.
Shiba Inu Whale Activity Sparks Enthusiasm
According to the ...
View original post
CoinGape (RSS)
As the global digital assets realm braces itself for a crypto market bull run ahead, an intriguing event recorded within the Shiba Inu ecosystem appears to have garnered noteworthy attention among crypto market traders and investors across the broader crypto market.
As per insights unveiled by the blockchain tracker Whale Alert, a staggering 332 billion SHIB accumulated by an unknown wallet address stirred a whirlpool of speculations among crypto market enthusiasts worldwide as SHIB encountered a major roadblock at the $0.000045 level. Following a remarkable 253% surge in the past thirty days, the meme coin continues to make waves throughout the vast sea of crypto, with the mentioned whale accumulation curating an additional wave of optimism for the token.
Shiba Inu Whale Activity Sparks Enthusiasm
According to the ...
View original post
COPA vs Wright: What's at Stake as the Trial to Determine Satoshi's Identity Wraps Up
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
The Crypto Open Patent Alliance and Craig Wright will present their closing arguments this week in a case debating whether Wright is indeed Satoshi Nakamoto..
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
The Crypto Open Patent Alliance and Craig Wright will present their closing arguments this week in a case debating whether Wright is indeed Satoshi Nakamoto..
This Bitcoin Bull Run Is Breeding Millionaire Whales at Slower Pace, Data Show
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
Currently, less than 2,000 millionaires, or wallets with $1 million worth of bitcoin, are created daily. That's significantly lower than the 2020-21 bull run.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
Currently, less than 2,000 millionaires, or wallets with $1 million worth of bitcoin, are created daily. That's significantly lower than the 2020-21 bull run.
American Investors Crash Server In Bid To Buy Last Bitcoin Dogs Tokens
Cryptopolitan (RSS)
Bitcoin Dogs is at the center of money talk in 2024 after officially being recognized as THE first ICO on the Bitcoin base layer. With its presale having pulled in an astonishing $9.8m within several weeks of its launch, make no bones about it: these dogs WILL have their day.
The brain trust behind Bitcoin Dogs is on the trail of something truly exceptional by launching the first-ever ICO on the Bitcoin blockchain involving a BRC-20 token. And that’s not just empty marketing-speak—Bitcoin Dogs is for real.
With the pioneering ICO launch on Bitcoin selling out faster than you can yell, “WHO LET THE DOGS OUT?!”—investors in the United States are falling o...
View original post
Cryptopolitan (RSS)
Bitcoin Dogs is at the center of money talk in 2024 after officially being recognized as THE first ICO on the Bitcoin base layer. With its presale having pulled in an astonishing $9.8m within several weeks of its launch, make no bones about it: these dogs WILL have their day.
The brain trust behind Bitcoin Dogs is on the trail of something truly exceptional by launching the first-ever ICO on the Bitcoin blockchain involving a BRC-20 token. And that’s not just empty marketing-speak—Bitcoin Dogs is for real.
With the pioneering ICO launch on Bitcoin selling out faster than you can yell, “WHO LET THE DOGS OUT?!”—investors in the United States are falling o...
View original post
American Investors Eye on Memeinator Amid Ferrari’s Dogecoin Move
Cryptopolitan (RSS)
Remember Dogecoin? Well, now you can buy a Ferrari with it. Luxury car manufacturer Ferrari recently announced that they will accept payments in DOGE for buyers in the United States. The move is massive for Dogecoin holders, not to mention Dogecoin price predictions. But the implications are even more considerable for crypto and its wider adoption moving forward.
In 2024, despite recent market pumps, Dogecoin recreating similar percentage gains to its surge in 2021 will be tricky because, even though DOGE was the OG meme coin on the market, it now faces stiff competition from new meme coins. Everyone is seeking the next meme coin to explode, and many are convinced it will be Memeinator. Crypto traders in the United States are swarming its presale launch. After amassing over $6.2m as of stage 18 of the presale, the sentiment around Memeinator is extremely bullish.
Discover why Memeinator is expected...
View original post
Cryptopolitan (RSS)
Remember Dogecoin? Well, now you can buy a Ferrari with it. Luxury car manufacturer Ferrari recently announced that they will accept payments in DOGE for buyers in the United States. The move is massive for Dogecoin holders, not to mention Dogecoin price predictions. But the implications are even more considerable for crypto and its wider adoption moving forward.
In 2024, despite recent market pumps, Dogecoin recreating similar percentage gains to its surge in 2021 will be tricky because, even though DOGE was the OG meme coin on the market, it now faces stiff competition from new meme coins. Everyone is seeking the next meme coin to explode, and many are convinced it will be Memeinator. Crypto traders in the United States are swarming its presale launch. After amassing over $6.2m as of stage 18 of the presale, the sentiment around Memeinator is extremely bullish.
Discover why Memeinator is expected...
View original post
So what, Donald Trump just loves Bitcoin now?
Cryptopolitan (RSS)
Donald Trump, the guy who used to sit in the Oval Office, has thrown a curveball our way, showing a soft spot for Bitcoin and its digital buddies. Not what you’d expect from someone who once branded the whole crypto scene a “scam.” Trump, chatting it up on CNBC this March 11, hinted he’s not just casually flirting with cryptocurrencies but might actually roll out the red carpet for them if he finds his way back to the White House. Now, he hasn’t gone all-in on Bitcoin himself, but he’s cool with people throwing Bitcoin his way for payments. Imagine that, from cold shoulder to warm embrace.
Trump’s Cryptocurrency Flip-Flop
Once upon a time, Trump wasn’t just skeptical about cryptocurrencies; he was downright hostile. He wanted his treasury secretary to target Bitcoin like it was public enemy number one. Fast forward to now,...
View original post
Cryptopolitan (RSS)
Donald Trump, the guy who used to sit in the Oval Office, has thrown a curveball our way, showing a soft spot for Bitcoin and its digital buddies. Not what you’d expect from someone who once branded the whole crypto scene a “scam.” Trump, chatting it up on CNBC this March 11, hinted he’s not just casually flirting with cryptocurrencies but might actually roll out the red carpet for them if he finds his way back to the White House. Now, he hasn’t gone all-in on Bitcoin himself, but he’s cool with people throwing Bitcoin his way for payments. Imagine that, from cold shoulder to warm embrace.
Trump’s Cryptocurrency Flip-Flop
Once upon a time, Trump wasn’t just skeptical about cryptocurrencies; he was downright hostile. He wanted his treasury secretary to target Bitcoin like it was public enemy number one. Fast forward to now,...
View original post
Get In Early! Bitbot is the Hottest New Crypto With 100X Potential
Cryptopolitan (RSS)
As Telegram trading bots find their way into the crypto market, projects like Bitbot generate substantial investor interest. Cybersecurity is a prominent topic in 2024, and Bitbot has become one of the hottest new cryptos because it addresses the issue.
As the Bitbot presale soars through stage 4 of its presale, having raised $796k, more traders are eyeing the project for its investment potential. Here’s why the project is making its mark.
Why Bitbot is an excellent addition to a trading portfolio
Bitbot was created to give retail traders the security, convenience, and accessibility they truly need. For years, the crypto market has had an abundance of tools and resources that benefit institutional investors only, ...
View original post
Cryptopolitan (RSS)
As Telegram trading bots find their way into the crypto market, projects like Bitbot generate substantial investor interest. Cybersecurity is a prominent topic in 2024, and Bitbot has become one of the hottest new cryptos because it addresses the issue.
As the Bitbot presale soars through stage 4 of its presale, having raised $796k, more traders are eyeing the project for its investment potential. Here’s why the project is making its mark.
Why Bitbot is an excellent addition to a trading portfolio
Bitbot was created to give retail traders the security, convenience, and accessibility they truly need. For years, the crypto market has had an abundance of tools and resources that benefit institutional investors only, ...
View original post
How Bitcoin bulls are challenging the status quo
Cryptopolitan (RSS)
Bitcoin bulls, once seen as the outskirts of financial sanity, are now leading a victory lap. As the digital currency skyrockets, mocking the doubters with its gravity-defying rally, these enthusiasts are not shy to say, “Told you so.” At the dawn of this decade, Bitcoin was the odd one out, ridiculed by heavyweight investors and economists as a mere blip on the financial radar, a bubble bound to burst. Yet, here we are, watching Bitcoin dance on the graves of its critiques, not just surviving but thriving, outpacing its digital siblings and making those “serious” investors eat their words.
A Comeback Story for the Ages
Bitcoin’s journey from a misunderstood phenomenon to the monarch of the crypto kingdom is nothing short of cinematic. Rewind to 2021, and Bitcoin was lumped in with the day traders’ darlings – those unprofitable tech ventures and meme-dr...
View original post
Cryptopolitan (RSS)
Bitcoin bulls, once seen as the outskirts of financial sanity, are now leading a victory lap. As the digital currency skyrockets, mocking the doubters with its gravity-defying rally, these enthusiasts are not shy to say, “Told you so.” At the dawn of this decade, Bitcoin was the odd one out, ridiculed by heavyweight investors and economists as a mere blip on the financial radar, a bubble bound to burst. Yet, here we are, watching Bitcoin dance on the graves of its critiques, not just surviving but thriving, outpacing its digital siblings and making those “serious” investors eat their words.
A Comeback Story for the Ages
Bitcoin’s journey from a misunderstood phenomenon to the monarch of the crypto kingdom is nothing short of cinematic. Rewind to 2021, and Bitcoin was lumped in with the day traders’ darlings – those unprofitable tech ventures and meme-dr...
View original post
Algotech (ALGT) Speeds Past $2 Million in Stage 1 Presale, Last Chance to Catch $0.06 Price Before Next Increase
Cryptopolitan (RSS)
Algotech (ALGT) has been a standout performer in the market with the introduction of
its cutting-edge TradFi platform. The project has recently introduced its extensive roadmap with the potential to transform algorithmic trading. As an altcoin market boom is expected anytime this year, investors are discovering the bright prospects of Algotech (ALGT).
The project managed to surpass all expectations with a massive public presale round. The launch of Stage 1 of public sale gained significant investor attention. According to market insiders, the project’s presale phase is set to be a revolutionary breakthrough in the crypto space.
Algotech Surpasses Expectations in Presale Stage 1 with $2 Million Raised
Algotech (ALGT) continues its impressive ru...
View original post
Cryptopolitan (RSS)
Algotech (ALGT) has been a standout performer in the market with the introduction of
its cutting-edge TradFi platform. The project has recently introduced its extensive roadmap with the potential to transform algorithmic trading. As an altcoin market boom is expected anytime this year, investors are discovering the bright prospects of Algotech (ALGT).
The project managed to surpass all expectations with a massive public presale round. The launch of Stage 1 of public sale gained significant investor attention. According to market insiders, the project’s presale phase is set to be a revolutionary breakthrough in the crypto space.
Algotech Surpasses Expectations in Presale Stage 1 with $2 Million Raised
Algotech (ALGT) continues its impressive ru...
View original post
Crypto Prices Today March 12: Bitcoin Nears 72K, Ethereum Above $4000, SOL & XRP Rally
CoinGape (RSS)
The top crypto prices today registered a bullish run as the Bitcoin (BTC) price sustained the $71,000 level after attaining a peak at over $72,000. In addition, the Ethereum price soared above the $4,000 mark. Meanwhile, other top altcoins, such as Solana (SOL), XRP, Cardano (ADA) gained significantly.
Major Crypto Prices Today
The Bitcoin price neared the $72,000 mark again. The Bitcoin price was up by 4.70%, reaching $71,808.47 at the time of writing on Tuesday, March 12. On the other hand, it’s trading volume spiked by 76.91% to $64.61 billion in the last 24 hours. Meanwhile, the crypto boasted a market cap of $1.41 trillion.
Looking at altcoins, the Ethereum price gained by 4.32% to $4,035.90 at press time with a market valuation of $484.70 billion. Whilst, ETH saw its trading vol...
View original post
CoinGape (RSS)
The top crypto prices today registered a bullish run as the Bitcoin (BTC) price sustained the $71,000 level after attaining a peak at over $72,000. In addition, the Ethereum price soared above the $4,000 mark. Meanwhile, other top altcoins, such as Solana (SOL), XRP, Cardano (ADA) gained significantly.
Major Crypto Prices Today
The Bitcoin price neared the $72,000 mark again. The Bitcoin price was up by 4.70%, reaching $71,808.47 at the time of writing on Tuesday, March 12. On the other hand, it’s trading volume spiked by 76.91% to $64.61 billion in the last 24 hours. Meanwhile, the crypto boasted a market cap of $1.41 trillion.
Looking at altcoins, the Ethereum price gained by 4.32% to $4,035.90 at press time with a market valuation of $484.70 billion. Whilst, ETH saw its trading vol...
View original post
Spot Ethereum ETF: What Are The Chances of Approval In May?
CoinGape (RSS)
With the stellar demand for spot Bitcoin ETFs within the first two months of launch, market analysts are hoping for a similar approval of spot Ethereum ETF. Top industry players like BlackRock and Fidelity have been flexing their muscles to get a spot Ether ETF in the market, however, the overall optimism surrounding this seems to be waning down.
What Are the Roadblocks to Ethereum ETF Approval?
Blofin Analysis has indicated that the likelihood of spot ETH ETFs receiving approval is considerably reduced due to factors such as the negative implications of the PoS mechanism, risks associated with price manipulation, and concerns regarding securitization.
In its analysis, BIoFin explains that nearly 55% of ETH supply (about 66 millio...
View original post
CoinGape (RSS)
With the stellar demand for spot Bitcoin ETFs within the first two months of launch, market analysts are hoping for a similar approval of spot Ethereum ETF. Top industry players like BlackRock and Fidelity have been flexing their muscles to get a spot Ether ETF in the market, however, the overall optimism surrounding this seems to be waning down.
What Are the Roadblocks to Ethereum ETF Approval?
Blofin Analysis has indicated that the likelihood of spot ETH ETFs receiving approval is considerably reduced due to factors such as the negative implications of the PoS mechanism, risks associated with price manipulation, and concerns regarding securitization.
In its analysis, BIoFin explains that nearly 55% of ETH supply (about 66 millio...
View original post