Bitcoin
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Bitcoin prices rose to $38,000 per bitcoin amid rising expectations of a potential earthquake on Wall Street.
Now, with the market reeling from the US government's "calculations" regarding the collapse of Binance, the former president of the New York Stock Exchange has predicted that the currency will "flood" the market when the long-awaited Bitcoin exchange launches. The fund has been created. (ETF) was finally approved.
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“With Bitcoin ETFs, there will be money flowing into the industry, it's easy to buy,” Tom Farley, who is now CEO of Bullish, a Bitcoin and cryptocurrency exchange backed by Peter Thiel, told CNBC . “People believe in Bitcoin. Bitcoin is a great invention, it is a store of value.”
Bitcoin Price Accelerated in June After Blackrock
The world's largest asset manager, which manages nearly $10 trillion on behalf of clients, has signed up to create a Bitcoin spot ETF managed by crypto exchange Coinbase.
BlackRock's Spot Bitcoin ETF Begins the Race to Promote Bitcoin Funds on Wall Street. Coinbase researchers predict that the coming rise of Bitcoin ETFs could open the floodgates for cryptocurrency market businesses into the $48.3 trillion US asset management industry.
Bitcoin and cryptocurrency traders got a new opportunity when asset manager Greyscale won a legal victory at the US Securities and Exchange Commission (SEC), a regulator that has repeatedly blocked applications for cash ETFs. Bitcoin In the last decade,
a court ordered the SEC to reconsider a proposal to convert a large Bitcoin trust fund into an all-Bitcoin space ETF, which many saw as a sign that the SEC would greenlight the move.
“Everyone understands that Bitcoin is not safe for regulators,” Farley added.
Last week, a senior ETF analyst said leaked SEC chats showed the company was in talks with cryptocurrency exchanges about ETF applications.
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from Forbes US Dollar Fall 'Speed': $33.7 Trillion Shock Fed Inflation Warning Makes a 'Bull Case' for Bitcoin, Ethereum, XRP and Here's WhyHowever, other market observers are more cautious and predict that the Bitcoin ETF will eventually help the price of Bitcoin recover, albeit slowly.
Although everyone is predicting Bitcoin ETF and Ethereum.