Analysts tip 5 catalysts that could break Bitcoin, crypto from its stupor
Analysts believe spot Bitcoin ETFs, new stablecoin adoption, and an upcoming Ethereum scaling upgrade are among the catalysts that could reignite the crypto markets.
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Analysts believe spot Bitcoin ETFs, new stablecoin adoption, and an upcoming Ethereum scaling upgrade are among the catalysts that could reignite the crypto markets.
ARK Investment Management founder and CEO Cathie Wood predicted on Aug. 7 the SEC would delay its decision on the firm's spot BTC ETF application.
Approval of spot Bitcoin ETFs in the United States will likely push the country's share of crypto ETF trading volumes even higher, says a Bloomberg analyst.
“We’re going to fight like cats and dogs to win market share” once spot Bitcoin ETFs are approved, Galaxy Digital CEO Mike Novogratz told shareholders.
The ETF analyst predicted that recent developments in the Ripple vs SEC case and the upcoming Grayscale lawsuit would be crucial to first spot Bitcoin ETF approval.
A handful of United States asset managers have filed fresh applications to launch Ethereum Futures ETFs.
Grayscale's ETF was previously knocked back by the SEC and it wants it and competing ETFs approved together so none have an advantage.
Bitcoin-related funds saw outflows of $13 million over the past week, reversing five weeks of bullish inflows, according to Coinshares analyst James Butterfill.
Last week was marked by two new legislative initiatives for the crypto industry in the United States.
Publishing the ETF applications in the official journal of the U.S. government gives the SEC up to 240 days — until March 2024 — for final approval or denial.