NFTs
Crypto NFT Today: Week June 4
Welcome to another edition of Crypto NFT Today! The last two weeks have been full of unmissable events that will define points for the future of blockchain, cryptocurrency and NFTs.
With US regulators possibly approving Spot Ether ETFs, VanEck’s filing for the Solana ETF, and more, there’s a lot of essential news you should know. So let’s dive in and see what’s going on!
US Regulators Possibly Approving Spot Ether ETFs
The U.S. Securities and Exchange Commission could approve exchange-traded funds (ETFs) tied to the spot price of Ether as early as July 4, according to industry executives and other participants speaking to Reuters.
Eight asset managers, including BlackRock, VanEck, Franklin Templeton and Grayscale Investments, are seeking SEC approval for these funds
VanEck Registers Solana ETF
Asset Manager VanEck filed a request to sell shares of a Solana exchange-traded fund (ETF), marking the first such filing in the U.S. and just six days after 3iQ filed a similar product in Canada.
The S-1 registration form submitted to the Securities and Exchange Commission (SEC) helped increase the SOL token’s 24-hour gain to nearly 8%. Meanwhile, the CoinDesk 20 Index, which measures the broader range crypto marketincreased by 1.8%.
CleanSpark will buy Peer GRIID
Trading in the bitcoin mining sector continues to intensify, with CleanSpark agrees to acquire GRIID Infrastructure in an all-stock transaction valued at $155 million.
As part of the deal, CleanSpark will assume all of GRIID’s debt and obligations and provide a $5 million bridge loan to repay approximately $50.9 million, according to a statement released Thursday.
Analysts suggest BTC crash in 2024
Bitcoin has formed a double price pattern, indicating a potential downtrend change before the release of important data that could impact the Federal Reserve’s interest rate decisions.
Bitcoin Price movement has been volatile this month. After rising to nearly $70,000, close to its March all-time high, it has now fallen to $63,000. This decline contrasts with the Nasdaq’s continued rise and is largely due to accelerated selling by miners, profit-taking by investors near all-time highs and outflows from U.S.-listed cash exchange-traded funds.