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#btc70k #ETHETFS #altcoins $ETH $BNB $BTC Bitcoin ETF Issuers CoinShares, Valkyrie Will Not Apply for Ethereum Spot ETF According to Foresight News, Bitcoin spot ETF issuers CoinShares and Valkyrie have decided not to apply for an Ethereum spot ETF. The decision is primarily due to the lack of collateral. Insiders familiar with the situation have stated that without collateral support, the companies would not be able to bring value to investors, especially in a crowded market coexisting with nine other issuers. Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs. Share with friends now 7.6k Views 8 Likes 0 Quotes 11 Shares 4 Replies Most Relevant Most Recent Cryptozealous

#btc70k #ETHETFS #altcoins $ETH $BNB $BTC Bitcoin ETF Issuers CoinShares, Valkyrie Will Not Apply for Ethereum Spot ETF

According to Foresight News, Bitcoin spot ETF issuers CoinShares and Valkyrie have decided not to apply for an Ethereum spot ETF. The decision is primarily due to the lack of collateral. Insiders familiar with the situation have stated that without collateral support, the companies would not be able to bring value to investors, especially in a crowded market coexisting with nine other issuers.

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.

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📈 Bitcoin Rises Above $67K, but Lags Broader Crypto Market as ETH, SOL, LINK Post Big Gains The price of bitcoin (BTC) has nudged above the $67,000 level for the first time in nearly one month as animal spirits in cryptocurrencies return following eight weeks of sideways-to-lower action. At press time, bitcoin was trading at $67,250, up 2.8% over the past 24 hours and about 10% from its lowest levels on Monday. That lagged the broader CoinDesk 20 Index, which was ahead 4.4% over the past 24 hours and about 12% from the Monday low. Among the larger movers in the index were Chainlink (LINK), now higher by 18% since the Depository Trust and Clearing Corporation (DTCC) yesterday announced completion of a pilot project with Chainlink and multiple major U.S. financial institutions, aiming to help accelerate the tokenization of funds. Other outperformers today include ether (ETH) with a 5.3% advance and solana (SOL) gaining 7.7%. The quick turnaround in sentiment in crypto comes after economic data this week showed a softening in U.S. inflation and regulatory filings showed an extraordinary amount of interest in the still newish spot bitcoin ETFs. Izzy Englander's $64 billion AUM Millennium Management disclosed a $2 billion position in BlackRock's iShares Bitcoin Trust (IBIT) as of the end of the first quarter and Paul Singer's $70 billion AUM Elliott Management also disclosed sizable bitcoin ETF holdings, though far smaller than Millennium's position. Perhaps most interestingly, the State of Wisconsin Investment Board – which manage's that state's retirement assets – showed about a $100 million stake in BlackRock's IBIT. #Crypto #Altcoins $BTC
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US Federal Reserve Board Member Indicates Willingness to Support Interest Rate Hike According to Odaily, US Federal Reserve Board Member Bowman has stated that the progress of labor market rebalancing has slowed down. The policy is restrictive and is being monitored to see if it is sufficient. Inflation is expected to remain high for a period of time. If inflation stagnates or rebounds, Bowman expressed willingness to support the US Federal Reserve in restarting the interest rate hike. This statement indicates a potential shift in the Federal Reserve's approach to managing the economy, particularly in relation to inflation and interest rates. Bowman's comments come at a time when the US economy is grappling with the effects of inflation, which has been on the rise. The Federal Reserve has been monitoring the situation closely, and Bowman's statement suggests that they may be considering more aggressive measures to curb inflation. This could include a potential increase in interest rates, which would be a significant policy shift. The labor market has also been a key area of focus for the Federal Reserve. Bowman's comments suggest that the progress of rebalancing in this area has slowed, which could have implications for the broader economy. The Federal Reserve's policy is currently restrictive, and they are monitoring to see if this is sufficient. If not, further measures may be needed to ensure the stability and health of the US economy. Share with friends now 3.7k Views 1 Likes 1 Quotes 3 Shares 2 Replies Most Relevant Most Recent Darkweb Olumsuz haberler yaymayı bırak da biraz yükselelim hepmi binance kazancak 7m See translation 0 Janna Kivela ccSz He will change his mind when he sees no real GDP growth next month . #BTC
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