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$PEPE  💯 🔥 🔥 PuMp inshallah   BUY PePe 

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What Will Happen to ETH’s Price If the SEC Rejects All Spot Ethereum ETF Applications? Trending. #ETH $3,599. +6.79% After a decade of waiting, rejecting, and delaying at best, the United States Securities and Exchange Commission finally greenlighted nearly a dozen spot Bitcoin ETFs at the start of 2024. Their impact on BTC’s price has been undeniable as the demand for those products among traditional investors has skyrocketed. Now that there are existing exchange-traded funds tracking the performance of at least one cryptocurrency, the community speculates on whether there will be a follow-up, particularly with ETH. The ETH ETF Applications Numerous companies within and outside of the cryptocurrency industry want to follow the example with Bitcoin and have products tracking the performance of the second-largest digital asset. Perhaps the two biggest names with current applications with the SEC are BlackRock and Fidelity. However, the regulator keeps delaying making a decision on either of their filings. Amid the latest SEC delays, industry experts started questioning the agency’s motives and drew comparisons with how the watchdog operated before rejecting countless BTC applications throughout the past ten years. As such, the overall optimism around the ETH ETF applications started to wind down in recent weeks despite previous predictions that the Commission will approve all filings in May 2024. The most recent analyses on the matter suggest that the SEC plans to reject all spot Ethereum ETF applications that have due dates in May. Impact on ETH’s Price? Bitcoin became immune to the SEC’s actions after so many rejections. However, the Ethereum case is quite different since the asset doesn’t have such a long history with the regulator. Additionally, once the Commission greenlighted all Bitcoin ETFs, the underlying asset’s price went on a massive rollercoaster in the next few weeks. Once the demand and inflows increased, so did BTC’s price. The vice-versa effect is also visible, as we have seen in the past week.

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$BTC $ETH $BNB #RONIN GBTC Outflows Top $358M but One Theory Suggests It’s Almost Over Trending BTC $66,720.02 +3.44% Crypto asset manager Grayscale’s Bitcoin (BTC) exchange-traded fund (ETF) has notched another day of high outflows as nearly $359 million exited the fund on March 21, but analysts think the Grayscale-led exodus could soon be coming to an end. The Grayscale Bitcoin Trust’s (GBTC) March 21 net outflows of $358.8 million follows a massive week of outflows, with its $642 million on March 18being the largest day on record, per Farside Investors data., GBTC outflows have thinned out since Monday. Source: Farside Investors The latest figures bring this week’s total outflows for GBTC to $1.8 billion and marks the fourth consecutive day of net outflows across all 10 Bitcoin ETFs. Senior Bloomberg ETF analyst Eric Balchunas speculated in a March 21 X post that much of Grayscale’s outflows could soon drawi to a close, with the majority of them coming from bankruptcies of crypto firms due to their “size and consistency.” “Any Gemini/Genisis outflows likely buying BTC [with] cash hence market holding up,” said Balchunas. Related: Spot Bitcoin ETFs suffer third straight day of net outflows, $261M bled “Takeaway: the worst is [probably] close to being over. Once it is, only retail will be left and flows should look more like the Feb trickle,” he added. Source: Eric Balchunas As of March 21, Grayscale reported that its Bitcoin Trust held a total of $23.2 billion in assets under management. In total, GBTC has shed $13.6 billion since being converted to an ETF on Jan. 11. In line with Balchunas, pseudonymous independent researcher ErgoBTC suggested that approximately $1.1 billion worth of GBTC outflows over the last few weeks appear to have come from bankrupt crypto lender Genesis. Source: ErgoBTC “Resulting activity volumes and timings of funds out of GBTC and into Genesis match pretty well,” Ergo said. “Simply there just aren’t that many 2k BTC txs per day so likely the GBTC outflows and Genesis inflows are related.”

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#jasmy. #JASMAY #HotTrends #BNBChain JasmyCoin Price Prediction – Can $JASMY Sustain Its Surge as Investors Eye 100x Profits Upon the ... Trending JASMY $0.021212 +2.42% Bitcoin previously reached an all-time high, while JasmyCoin (JASMY) has demonstrated a remarkable surge of over 10% in the past week. JasmyCoin distinguishes itself by integrating Internet of Things (IoT) capabilities with blockchain technology to create a secure data exchange ecosystem. Being the first crypto coin officially recognized on a Japanese exchange, JasmyCoin has attracted considerable attention from investors worldwide. This article delves into a comprehensive analysis of JasmyCoin’s price forecast and highlights a new crypto presale initiative that rewards users for accurately predicting Bitcoin’s price.

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