Happy new year! The crypto area got off to a smart start in 2024 as ETF journalists and analysts reported that the approval of Bitcoin spot ETFs in the U. S. is a key factor in the U. S. The U. S. government could be coming soon. As a result, Bitcoin’s value surpassed $45,000 on Tuesday, reaching its highest point. since April 2022. Since then, it has retracted to $44,000 at press time. The overall crypto market cap is developing to $1. 68 trillion, the highest point since May 2022.
Separately, the Financial Intelligence Unit, an Indian government agency, said last Thursday that it had issued a notice to nine global crypto exchanges (including Binance, Kraken, Kucoin, and Mexc) that they would operate “illegally” in the country and block their websites. . More main points below.
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For this week’s episode, Jacquelyn once again dove into the most recent developments around Bitcoin ETF spot programs in the United States, as anticipation grows.
Fred Thiel, CEO of Marathon Digital Holdings, a virtual asset generation company and the largest publicly traded Bitcoin mining company, came together to discuss the latest developments in spot Bitcoin ETFs.
Currently, 14 asset control firms, in addition to BlackRock, Fidelity, Grayscale and VanEck, are separately awaiting approval from the U. S. Securities and Exchange Commission. U. S. cryptocurrency exchange rates for its spot bitcoin ETFs. And some reports now imply that this could happen soon. given the common meetings and minutes that have been updated in recent weeks.
We also discuss what a bitcoin spot ETF can mean for investors, institutions, and miners, as well as the value of bitcoin.
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This list was compiled using data from Messari, as well as TechCrunch’s own reports.
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