In the latest crypto rollercoaster ride, Bitcoin ($BTC) is making waves with a surge that has the community buzzing. Digging into the core of this rally, one significant player seems to be taking center stage – the iShares Spot Bitcoin Trust ($IBTC). Let’s break down how this listing on The Depository Trust & Clearing Corporation (DTCC) is impacting the crypto market.
SEC Green Lights Grayscale Ethereum Futures Trust ETF
the Securities and Exchange Commission (SEC) recently greenlit a rule change for the listing and trading of shares of the Grayscale Ethereum Futures Trust (#ETF). This unexpected move has sent shockwaves through the market, leaving investors and enthusiasts questioning its potential impact on Bitcoin’s trajectory.
With the market experiencing significant fluctuations, the question on every investor’s mind is whether this surge will be sustained or if a correction is imminent.
The age-old adage of “buy the rumor, sell the news” looms over the crypto landscape. As excitement builds around the recent developments, is there a possibility of a market correction following the anticipated news cycle?