What are the latest news of cryptos this week?
The crypto world is abuzz with excitement and anticipation this week, as the potential approval of a spot Bitcoin ETF looms large.
Bitcoin ETF:
All eyes on the SEC:
The US Securities and Exchange Commission (SEC) is expected to make a decision on the first-ever spot Bitcoin ETF as early as this week. This could be a major milestone for the industry, potentially leading to increased institutional investment and driving up Bitcoin prices.
Grayscale files amended application: Grayscale Investments, the world's largest digital asset manager, has filed an amended S-1 registration statement for its proposed Bitcoin ETF. The new filing includes a 1.5% expense ratio, which is lower than the initial 2.5% proposal.
Gensler issues warning:
Despite the ETF buzz, SEC Chair Gary Gensler has reiterated his concerns about the crypto market's potential for fraud and manipulation. He urges investors to be cautious and do their research before investing.
Other news:
Bitcoin price fluctuates:
Bitcoin's price has been volatile this week, reaching a high of nearly $47,000 before dipping back down. Experts are divided on whether the ETF approval will trigger a significant rally or a sell-off.
Solana rebound:
Solana, the smart contract platform, has seen a recent price surge, possibly fueled by speculation about its potential for growth in the NFT and DeFi sectors.
Mysterious Bitcoin transaction:
A mysterious $1.2 million Bitcoin transaction to Satoshi Nakamoto's original wallet has sparked speculation about the identity of the creator of Bitcoin.
Resources:
* CoinDesk: [https://www.coindesk.com/](https://www.coindesk.com/)
* Cointelegraph: [https://cointelegraph.com/](https://cointelegraph.com/)
* FXStreet: [https://www.fxstreet.com/cryptocurrencies](https://www.fxstreet.com/cryptocurrencies)
* CNBC Crypto World: [https://www.cnbc.com/cryptoworld/](https://www.cnbc.com/cryptoworld/)
Thank you for passing by and reading.
Have a great day.
