November 21 Hot Topics
November 21 WEB3 Hot Topics
1. SEC Delays Decision on Crypto Index ETF to 2025
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the approval of Franklin Templeton's crypto index ETF until early 2025. In a letter dated November 20, the SEC decided to extend the review period. The SEC has set January 6, 2025, as the deadline for approving or rejecting the proposal.
2. Multiple Crypto Spot ETF Applications in Progress
Nate Geraci, president of The ETF Store, stated on X that in addition to the listing of Grayscale and Bitwise's crypto index funds, there are currently spot ETF applications for SOL, XRP, and HBAR.
3. Trump May Push for the U.S. to Establish Strategic Bitcoin Reserves
Macro expert Mark Moss indicated that Trump is positioning himself as the 'Bitcoin President' and may advocate for the U.S. to adopt a strategic Bitcoin reserve, triggering global 'sovereign-level FOMO.' If the U.S. implements this plan, G7 and G20 countries will be affected, and other countries have already begun to pay attention to and purchase Bitcoin, driving up Bitcoin prices.
4. Sun Yuchen Purchases Banana Artwork for $6.2 Million
Tron founder Sun Yuchen purchased an artwork made of bananas and tape for $6.2 million at an auction in New York and plans to eat it. The artwork is Maurizio Cattelan's 'Comedian,' made of fresh bananas and tape.
5. Spot ETF for ADA and AVAX Expected to be Launched in the Future
Nate Geraci, president of The ETF Store, stated that there are currently spot ETF applications for SOL, XRP, and HBAR. It is expected that attempts may be made to launch spot ETF applications for ADA or AVAX in the future.
