🌍🏛️So, our neighboring country's world's largest crypto exchange *Binance* has been registered with the Financial Intelligence Unit (FIU) of *India* *This is the first time that Offshore Crypto Associates have been approved by India's Anti-Money Laundering Unit*🗾🗺️

#indiagovt #Srilankan_crypto_Community

$ETH $BTC WisdomTree has received approval from the Financial Conduct Authority (FCA) to list its physically-backed Bitcoin and Ethereum products on the London Stock Exchange.

The WisdomTree Physical Bitcoin and WisdomTree Physical Ethereum ETPs both come with a 0.35% management expense ratio, and are currently listed on Deutsche Börse Xetra, the Swiss Stock Exchange SIX, and Euronext exchanges in Paris and Amsterdam.

Alexis Marinof, head of Europe at WisdomTree, believes the approval marks a ‘significant step forwards’ towards the further adoption of cryptocurrency as a mainstream asset class among professional investors in the UK.

#pizzaday #ETHETFS #LondonStockExchange #BTC☀

The SEC could approve a spot Ethereum ETF as early as this week, marking a significant shift in regulatory stance. Bloomberg analysts Eric Balchunas and James Seyffart have increased their odds of approval to 75%, up from 25%, citing recent chatter and the SEC’s request for revised 19b-4 filings by 10 am Tuesday. This rapid development has led to a scramble among applicants, including major players like BlackRock, Grayscale, and Fidelity.

BlackRock, the world’s largest asset manager, has a strong track record with the SEC, having only one ETF application denied in 2014. That ETF, the BlackRock Total Return ETF, was initially rejected due to concerns over transparency and alignment with its net asset value (NAV). However, an updated version of this ETF, addressing the SEC’s concerns, went live in December 2023, just a month before the approval of Bitcoin ETFs. This history emphasizes BlackRock’s ability to navigate regulatory challenges successfully.

The SEC’s decision on Ethereum ETFs has been eagerly anticipated, with deadlines for various applications approaching. Data from Bloomberg Terminal shared by James Seyffart lists the ETFs awaiting approval, including those from VanEck, ARK 21Shares, Hashdex, Grayscale, Invesco Galaxy, Fidelity, Franklin, and Bitwise. These applications have faced multiple delays, but the recent push for revised filings suggests a potential breakthrough.

#ETHETFS #altcoins #ETH🔥🔥🔥🔥 $ETH