Day: November 18, 2023

[ad_1] The U.S. Securities and Exchange Commission (SEC) is delaying its decisions on several Bitcoin (BTC) and Ethereum (ETH) exchange-traded fund (ETF) applications until next year. In new filings, the regulatory agency says that it will be delaying its decisions on applications filed by asset management firm Hashdex to create a mixed spot and futures Ethereum ETF and convert a Bitcoin futures ETF into a spot market one. The SEC says it will also be pushing back its decision on crypto firm Grayscale’s bid for an ETH futures ETF. In…

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[ad_1] A closely followed crypto strategist is predicting a pullback in the crypto market as many digital assets soar. Pseudonymous analyst The Flow Horse, also known as Cantering Clark, tells his 182,300 followers on the social media platform X that two projects in particular are at risk of a deep decline: Ethereum (ETH) competitor Avalanche (AVAX) and RUNE, the native asset for the decentralized cross-chain liquidity protocol THORChain. “I started shorting this morning. So far just AVAX and RUNE. Why two strong pairs? The overextension is getting real, and everything is…

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[ad_1] The head of research for a leading digital assets manager says one catalyst could cause Bitcoin (BTC) to soar to more than $265,000. In a new blog post, CoinShares head of research James Butterfill shares his calculations of a potential price impact if a spot BTC exchange-traded fund (ETF) is approved by the U.S. Securities and Exchange Commission (SEC). He says that the ETF financial product would attract a large influx of institutional money, some portion of an estimated $48.3 trillion addressable assets in the United States. “One could…

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