A New Milestone
Bitcoin has taken the crypto world by storm with its impressive bullish streak. Within just eight days, it reached new all-time highs seven times, boosting its market cap to $1.809 trillion. This major surge puts Bitcoin ahead of Saudi Aramco, the global oil giant with a $1.79 trillion valuation, signaling a significant achievement in Bitcoin’s evolution.
Spot Bitcoin ETF Options Near Launch with CFTC Clearance
The U.S. Commodity Futures Trading Commission (CFTC) recently issued a notice that paves the way for spot Bitcoin ETF options. This move has fueled analyst expectations that these products could be listed soon, adding excitement to the market.
Ripple CEO Meets Trump: A Notable Crypto Development
Ripple has faced ongoing regulatory battles with the SEC under President Biden’s administration. However, recent news has created a buzz: Ripple CEO Brad Garlinghouse met with former President Donald Trump, stirring speculation and optimism within the crypto space.
SEC Chairman Gary Gensler’s Future Under Question
XRP’s price surge is partly attributed to rumors about SEC Chairman Gary Gensler’s potential resignation. His recent praise of the SEC’s accomplishments has led to speculation about his role and the future regulatory landscape for cryptocurrencies.
Bitwise Aims for ETP Status for Crypto Index Fund
Bitwise Asset Management revealed that NYSE Arca has filed a Form 19b-4 to convert the $1.3 billion Bitwise 10 Crypto Index Fund (BITW) into an ETP. This follows the trend of crypto asset managers looking to shift their investment products to exchange-traded structures.
