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Friday, November 22, 2024
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    bitcoin
    Bitcoin (BTC) $ 98,999.52
    ethereum
    Ethereum (ETH) $ 3,386.95
    tether
    Tether (USDT) $ 1.00
    bnb
    BNB (BNB) $ 633.18
    usd-coin
    USDC (USDC) $ 1.00
    xrp
    XRP (XRP) $ 1.40
    binance-usd
    BUSD (BUSD) $ 0.99856
    dogecoin
    Dogecoin (DOGE) $ 0.396069
    cardano
    Cardano (ADA) $ 0.885156
    solana
    Solana (SOL) $ 260.74
    matic-network
    Polygon (MATIC) $ 0.466378
    polkadot
    Polkadot (DOT) $ 6.24
    tron
    TRON (TRX) $ 0.200158
    HomeGuideThe wave of Spot Bitcoin ETF continues to be far-off

    The wave of Spot Bitcoin ETF continues to be far-off

    A number of business consultants interviewed by CoinDesk mentioned that regardless of BlackRock’s bid to launch a spot bitcoin ETF, do not count on the product to flood anytime quickly.

    Hedge fund supervisor James Koutoulas mentioned that whereas the crypto neighborhood’s optimism is warranted, it is unclear whether or not it is endorsed.

    “The ETF is not going to be authorised till the Coinbase lawsuit is resolved or put to relaxation as a result of regulators need ETFs with sturdy credibility,” he mentioned.

    The overwhelming majority of consultants surveyed predicted that whereas it can take time, and probably longer than the crypto neighborhood imagines, BlackRock may take the highest spot within the ETF race.

    “If anybody might be authorised, it could be BlackRock as a result of BlackRock has solely had one software out of about 500 completely denied, and the US authorities does a lot enterprise with BlackRock,” Koutoulas mentioned. “.

    DISCLAIMER: The knowledge supplied by WebsCrypto doesn’t characterize any funding suggestion. The articles revealed on this website characterize private opinions solely and don’t have anything to do with the official place of WebsCrypto.

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