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[Market Update] Aftermath of spot bitcoin etf
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Dear Reader,
Who would have thought that one day Bitcoin would trade on major United States stock exchanges?
But here we are.
After more than a decade of pushing and prodding the SEC…
Bitcoin is trading in the form of an exchange-traded fund.
What does this mean for the crypto market?
John Nahas of Ava Labs told Cointelegraph…
"I believe SEC approval will cement Bitcoin's reputation."
He went on to explain that, in his view, this development will bring Bitcoin and crypto to the masses at a much faster rate and on a much grander scale.
Bitcoin will soon lose its "exotic" label.
And be embraced by traditional financial investors.
The effects of a spot Bitcoin ETF can already be felt in the market.
Remember, as Bitcoin goes, so do Altcoins.
Since the ETF approval about a week-and-a-half ago…
Plus, Celsius settles with shareholders from its Series B funding round July 18, 2023 The latest moves in crypto markets, in context By Lyllah Ledesma, CoinDesk reporter Was this newsletter forwarded to you? Sign up here . Supported By Happy Tuesday! Here's what you need to know today in crypto: MOON, the native token of Reddit's r/Cryptocurrency community, has surged following the recent change in terms of service for the website. Coinbase Earn is particularly vulnerable to being defined as a security, said Berenberg in a research report. Celsius has agreed with its Series B shareholders over proceeds from the GK8 sale. Latest Prices CoinDesk Market Index (CMI) 1,295 −9.3 ▼ 0.7% Bitcoin (BTC) $29,773 −327.5 ▼ 1.1% Ethereum (ETH) $1,887 −18.0 ▼ 0.9% S&P 500 futures 4,550.25 −3.5 ▼ 0.1% ...
To view this email as a web page, go here. July 31, 2019 US FIRST: Any U.S. resident with a government-issued I.D. can now trade futures contracts for real bitcoin. Revealed exclusively to CoinDesk, LedgerX has officially launched the first physically settled bitcoin futures contracts in the U.S., beati...