Asset management firms BlackRock, Valkyrie, and VanEck submitted revised S-1 forms to the U.S. SEC, updating their applications to launch spot Bitcoin exchange-traded funds (ETFs). Meeting this deadline was crucial for the SEC's consideration in January 2024.
Most in the crypto community seem to believe this month, the U.S. SEC will approve one or more spot Bitcoin ETFs. However, opinions vary on how such approvals might affect Bitcoin's price. Several prominent crypto influencers have weighed in, with most suggesting that the market has not fully priced in the potential SEC approval.
The Avalanche Foundation, known for its financial support in developing the Avalanche blockchain ecosystem, is contemplating the acquisition of meme coins. This consideration is a response to the notable impact of tokens like Bonk (BONK), which recently revitalized the Solana network.
Top stories in the Crypto Roundup today:
- Major Asset Managers Amend S-1 Forms in Push for Spot Bitcoin ETFs
- Crypto Influencers Voice Opinions on Impact of Potential Approval of Spot Bitcoin ETFs
- Avalanche Foundation Is Embracing Meme Coins as Part of Culture Catalyst Program