BITCOIN ETF APPROVAL IS AROUND THE CORNER
Bitwise believes this and has announced an initial investment plan of $200 million for its spot Bitcoin exchange-traded fund (ETF), which is twenty times larger than BlackRock's recently announced initial investment for its spot Bitcoin ETF . Bitwise has not yet named its authorized participant for the ETF, while BlackRock has chosen Jane Street and JP Morgan for this role. The SEC's decision on spot Bitcoin ETFs is awaited with great interest, as it could open the doors to a broader audience of investors and increase liquidity and stability in Bitcoin prices.
Meanwhile, in the pre-sale panorama of interesting new projects related to Bitcoin there is BitcoinMinetrix (BTCMTX) whose pre-sale has reached the impressive figure of $7.5 million. Bitcoin Minetrix is âârevolutionizing the decentralized cloud mining industry, allowing users to mine Bitcoin in the cloud, without having to purchase expensive hardware. The platform uses tokenization to ensure transparency and user control of funds and its BTCMTX token is currently trading at $0.0126.
An excellent project that will be worth gold in the future or a possible scam? Posterity will judge!
