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Grayscale's legal representative has requested a meeting with the SEC to "explore potential paths" for gaining approval to transform their fund into a traditional #BitcoinETF. #Bitcoin
Are You Ready for Bitcoin Halving?
"Bitcoin halving is an automatic mechanism that prevents new Bitcoins from entering circulation. The Bitcoin protocol performs a "halving" event approximately every 4 years (more precisely, every 210,000 blocks). During this event, the Bitcoin block reward is halved.
The first halving occurred on November 28, 2012, and the block reward was reduced from 50 to 25. The second halving took place on July 9, 2016, and the block reward was reduced from 25 to 12.5. The third halving occurred on May 11, 2020, and the block reward was reduced from 12.5 to 6.25.
"2024 will be the next halving period, and the entire crypto world is currently focused on 2024."
#bitcoinhalving #halving #2024halving
The first halving occurred on November 28, 2012, and the block reward was reduced from 50 to 25. The second halving took place on July 9, 2016, and the block reward was reduced from 25 to 12.5. The third halving occurred on May 11, 2020, and the block reward was reduced from 12.5 to 6.25.
"2024 will be the next halving period, and the entire crypto world is currently focused on 2024."
#bitcoinhalving #halving #2024halving
U.S. Spot Bitcoin ETF Odds Rise to 65%
In mid-June, Blackrock, the world's largest asset manager, filed its application for a spot bitcoin ETF, and shortly after, several other contenders followed suit.
On August 2, 2023, Bloomberg ETF analysts James Seyffart and Eric Balchunas publicly shared their insights on the potential approval of a spot bitcoin ETF by the SEC.
Seyffart posted on the social media platform X, stating that together with Eric Balchunas, they officially increased the likelihood of spot bitcoin ETF approval to 65%. He mentioned that just a few weeks ago, the probability was at 50%, and a few months ago, it was only 1%. Now, it stands at 65%.
This development could be a sign of a good future for Bitcoin.
In mid-June, Blackrock, the world's largest asset manager, filed its application for a spot bitcoin ETF, and shortly after, several other contenders followed suit.
On August 2, 2023, Bloomberg ETF analysts James Seyffart and Eric Balchunas publicly shared their insights on the potential approval of a spot bitcoin ETF by the SEC.
Seyffart posted on the social media platform X, stating that together with Eric Balchunas, they officially increased the likelihood of spot bitcoin ETF approval to 65%. He mentioned that just a few weeks ago, the probability was at 50%, and a few months ago, it was only 1%. Now, it stands at 65%.
This development could be a sign of a good future for Bitcoin.
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