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#btc #BTC-ETF. #BTCETFSPOT ‼️Chief Bloomberg analyst writes that the official approval of Bitcoin ETF will be today from 16:00-18:00 WA.
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🔎 Market maker DWFLabs received a new token to his wallet
7 hours ago DWF received 126 million LBL from several addresses ($264k at the exchange rate at the time of the transaction). At this moment, the token attracted our attention.
LABEL Foundation is a Web3 music platform for musicians and content creators. There is no feeling yet that the NFT and Web3 narrative for artists is returning to the market. But we took LBL under close surveillance and here’s why 👇
👀 Back in April, LBL received an investment of $1 million from DWF. The market capitalization of the project at the moment is only $5 million. For comparison, the closest competitor AUDIO has a capitalization of now $220 million. LBL is traded on HTX, Bithumb, Gateio and on Pancake to BUSD... There was no listing on Binance, there is no futures pair.
From June to November we see accumulation on the chart. And although the token price has increased by +70% over the last day, there is good potential for further growth.
👨💻 As always, we are just sharing our on-chain observations.
7 hours ago DWF received 126 million LBL from several addresses ($264k at the exchange rate at the time of the transaction). At this moment, the token attracted our attention.
LABEL Foundation is a Web3 music platform for musicians and content creators. There is no feeling yet that the NFT and Web3 narrative for artists is returning to the market. But we took LBL under close surveillance and here’s why 👇
👀 Back in April, LBL received an investment of $1 million from DWF. The market capitalization of the project at the moment is only $5 million. For comparison, the closest competitor AUDIO has a capitalization of now $220 million. LBL is traded on HTX, Bithumb, Gateio and on Pancake to BUSD... There was no listing on Binance, there is no futures pair.
From June to November we see accumulation on the chart. And although the token price has increased by +70% over the last day, there is good potential for further growth.
👨💻 As always, we are just sharing our on-chain observations.
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Today the first BITCOIN-ETF applications WILL BE ACCEPTED/REJECTED, what is known?
January 10 is the deadline for making a decision on the application for spot ETF from ArkInvest and 21 Shares.
This application was submitted earlier than the others, on May 15, 2023. 240 days have passed. It can no longer be carried forward. Accordingly, either acceptance or refusal.
If denied, the SEC will have to change its grounds. The “high level of market manipulation” as a reason, following a ruling in Grayscale's favor, will be a basis for a lawsuit against the SEC with a high probability of victory for the plaintiff.
ArkInvest managed to file a new amended form as required by the SEC (S-1) by December 29. And this can no longer be a basis for the SEC’s refusal.
However, it was Cathie Wood who stated many times that all spot ETFs would be accepted at or near the same time.
New market offer for commissions from ArkInvest - 0.25%
I still think that the main application is from BlackRock, and it will be considered only in March 2024?
🍸Hints?)
January 10 is the deadline for making a decision on the application for spot ETF from ArkInvest and 21 Shares.
This application was submitted earlier than the others, on May 15, 2023. 240 days have passed. It can no longer be carried forward. Accordingly, either acceptance or refusal.
If denied, the SEC will have to change its grounds. The “high level of market manipulation” as a reason, following a ruling in Grayscale's favor, will be a basis for a lawsuit against the SEC with a high probability of victory for the plaintiff.
ArkInvest managed to file a new amended form as required by the SEC (S-1) by December 29. And this can no longer be a basis for the SEC’s refusal.
However, it was Cathie Wood who stated many times that all spot ETFs would be accepted at or near the same time.
New market offer for commissions from ArkInvest - 0.25%
I still think that the main application is from BlackRock, and it will be considered only in March 2024?
🍸Hints?)
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#BTC🔥🔥 The effect of ETF adoption could potentially be much larger than simply attracting new capital to the digital asset market. The approval of a Bitcoin ETF by the US Securities and Exchange Commission (SEC) will open the cryptocurrency asset market to a new class of investors, according to a new report from the largest crypto exchange Coinbase in the USA. This group of investors includes investment advisors, pension funds and institutions that have not previously had access to the cryptocurrency market.
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Bitcoin is currently at $40000 and is taking firm steps towards it. Do you think #BTC will hit the $40000 target?
