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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Bitcoin has surged past $100,000, driven by optimism surrounding a favorable regulatory environment under President-elect Donald Trump and the potential leadership of pro-crypto figures like Brian Quintenz at the CFTC and Paul Atkins at the SEC. This rebound follows significant net inflows into US spot Bitcoin ETFs and a bullish sentiment fueled by expectations of interest rate cuts by the Federal Reserve. Technical analysts suggest that major holders are accumulating Bitcoin, with projections indicating a potential rise to $275,000.
The SEC is seeking industry feedback on NYSE Arca's request to list the Bitwise Bitcoin and Ethereum ETF, which aims to provide balanced exposure to the two largest cryptocurrencies. This move comes amid increasing competition in cryptocurrency index funds, with other proposals from Grayscale and asset managers like Hashdex and Franklin Templeton. As regulatory dynamics shift with the upcoming leadership change, the approval of such ETFs could enhance accessibility for both retail and institutional investors in the crypto market.
BlackRock and Fidelity have acquired over $500 million in Ethereum through their ETFs following SEC approval of spot Ethereum ETFs. BlackRock's iShares Ethereum Trust ETF (ETHA) leads with $2.93 billion in inflows, while Fidelity’s Ethereum Fund (FETH) has $1.35 billion. These purchases reflect a growing trend of institutional investment in digital assets, with Ethereum's price rising to $3,830 amid increased trading activity.
BlackRock and Fidelity have invested over $500 million in Ethereum ETFs following SEC approval, with significant transactions occurring via Coinbase Prime. BlackRock's iShares Ethereum Trust ETF has seen inflows of $2.93 billion, while Fidelity’s Ethereum Fund has attracted $1.35 billion. These purchases reflect a growing trend of institutional interest in digital assets, coinciding with Ethereum's recent price increase and trading activity.
Ripple whale deposits to Binance have surged to a six-month high, with over 2.66 billion XRP transferred in the last 30 days, indicating increased activity among large holders. Amid recent market volatility, these investors purchased over 100 million XRP, showing confidence in the token's future as its price rebounded to approximately $2.42, influenced by Ripple's regulatory approval to launch its new stablecoin, RLUSD.
Donald Trump’s crypto portfolio has reached $8.1 million, with TROG as his largest asset at $2.2 million, accounting for over 27% of his holdings. Ethereum follows with 495.6 ETH valued at $1.9 million, while BlackRock and Fidelity recently acquired over $500 million in Ether, reflecting growing institutional interest in the cryptocurrency market. BlackRock is also planning to initiate Ether ETF spot trading options, pending regulatory approval, which could be announced by the SEC in April 2025.
The SEC is advancing NYSE Arca's request to list a Bitwise Bitcoin and Ethereum ETF, which aims to provide balanced exposure to the two largest cryptocurrencies. This move comes amid increasing competition in the crypto index ETF space, with several asset managers filing similar proposals. As the regulatory landscape shifts with the upcoming presidential term, issuers are eager to launch a variety of crypto funds.
Coinbase's Project Diamond has integrated Chainlink's technology to enhance cross-chain interoperability and secure asset management for institutional digital assets. This collaboration aims to streamline the lifecycle management of tokenized assets while ensuring compliance, with Peregrine as the first major user in the Abu Dhabi Global Market. The integration promises to reduce costs, improve transparency, and unlock new liquidity for institutional investors, positioning Project Diamond as a key player in the future of digital asset management.
Monte Rosa Therapeutics has finalized a global exclusive license agreement with Novartis to develop VAV1-directed molecular glue degraders, including MRT-6160. Novartis will handle all clinical development, starting with Phase 2 studies, while Monte Rosa will continue its Phase 1 study. The deal includes an upfront payment of $150 million and potential milestone payments totaling up to $2.1 billion, alongside shared profits from U.S. commercialization.
XRP is poised for potential growth as major asset managers like BlackRock and JPMorgan explore ETF filings, which could lead to increased mainstream adoption. The recent launch of Ripple's RLUSD stablecoin, approved by the NYDFS, has already spurred a 20% price surge. Additionally, a favorable resolution to Ripple's SEC lawsuit could eliminate regulatory uncertainties, potentially driving XRP's price to $3 in the short term.
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08:30 12.12.2024
Bitwise Bitcoin ETF
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08:11 12.12.2024
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Bitwise Bitcoin ETF
NYSE ARCA BIOTECH INDEX
Franklin Templeton - Franklin M
Grayscale Litecoin Trust
USA
Donald Trump
Gary Gensler
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17:38 11.12.2024
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