Accessibility: Bitcoin ETFs open up Bitcoin investing to a wider audience, particularly those comfortable with traditional investment vehicles like stocks.
Regulation: ETFs are subject to regulations, potentially offering peace of mind to some investors compared to the less-regulated crypto exchanges.
For Buying Bitcoin Directly:
Potential Higher Returns: Owning Bitcoin directly allows you to capture any potential price appreciation of Bitcoin itself, unlike ETFs which may have fees and tracking errors.
Control: You have complete control over your Bitcoin when you buy it directly, including storage and security.
🚀 Dymension (DYM) Sees Price Surge in its Early Days 🚀
Dymension (DYM), a recently launched modular blockchain platform, has experienced significant price increases in its first two days, surging over 30% for the second consecutive day.
On its debut day, $DYM experienced a nearly 55% increase alongside a 7,000% increase in trading volume. Today, the token continued its upward trajectory, rising over 125% from $3.54 to $7.87. This quick ascension placed DYM as the 65th largest cryptocurrency by market capitalization, surpassing popular meme coins like #BONK and gaming tokens like #Sandbox and #AxieInfiniy . The Dymension network is attracting early interest from the developer community due to its use of Cosmos Interchain technology, potentially allowing developers to create their own application chains.#TrandNTell #Write2Earn
Will offline transactions make India's digital rupee a game-changer?
India's central bank, the Reserve Bank of India (RBI), is exploring ways to make its digital currency, the digital rupee, more accessible by adding offline functionalities.Currently, the digital rupee can be used for person-to-person (P2P) and person-to-merchant (P2M) transactions through digital wallets offered by participating pilot banks. This pilot program aims to assess the potential of the digital rupee to improve financial monitoring and reduce reliance on cash.The RBI Governor, Shaktikanta Das, announced the exploration of offline functionalities without specifying details or confirming their implementation. This move suggests the RBI is considering expanding the reach of the digital rupee beyond internet-connected areas.It's important to note that the digital rupee is still in its pilot phase, and its future development and functionalities are subject to further evaluation and regulatory approvals. #Write2Earn #TrendingTopic #DYM #TrandNTell #indiaceyptotax
ARK amends its Ethereum ETF application, considering staking through third-party providers. While this suggests interest in offering an ETH ETF, SEC approval is still pending. #TradeNTell #Write2Earn $ETH
#FOMC announcement keeps rates unchanged. Analysts are still evaluating the potential impact on markets, both for the short and long term. It's crucial to remain informed and make investment decisions based on your own research and risk tolerance. #TradeNTell