Investors throughout the U.S. are awaiting the release of a Bitcoin ETF. However, despite applications from BlackRock, Grayscale, Ark 21shares, Vaneck and Hashdex, the SEC has consistently delayed making a decision.
Now, with BlackRock making a new application, the cryptocurrency market has entered a buying frenzy, with analysts anticipating an ETF being released in January.
>> Meme Moguls Presale Live <<
The SEC Criticizes New Bitcoin ETF Proposal
This week, BlackRock announced a new Bitcoin exchange-traded fund (ETF) proposal. The proposal is the second sent by BlackRock and focuses on regulator requirements in the hope of acquiring the first Bitcoin ETF in the U.S.
In particular, the proposal focuses on cash creation and redemption mechanisms, both of which are expected to improve the odds of the application being accepted. This new application has helped to drive up Bitcoin’s price, which increased by 19.43% in December.
However, despite the new application being tailored to the SEC, the regulatory board has raised concerns about the risks of market manipulation and investor safety. As a result, it could be months before the SEC finally agrees to the release of a Bitcoin ETF. With this in mind, Bitcoins value could decline in January as the hype around a Bitcoin ETF declines.
Astar Bull Run Continues In December
Astar has become a big hit in December, tripling in value throughout Q4. This recent bull run has taken Astar’s annual price increase to 124.46%, with Astar currently trading at $0.09038. While at first, experts believed that Astar’s rise was due to market trends, the project has continued to thrive despite a recent downturn.
Over the last week Astar’s value has increased by 8.63%, and its daily trading volume has passed $29 million. While this makes Astar one of the smaller projects in the market, it could offer significant returns in Q1 should its value continue to rise.
Meme Moguls Presale Hits A New Milestone
After an outstanding performance during phase one of its presale, Meme Moguls has quickly hit a new milestone. This exciting new project has raised over $1m in just one month, and is now on track to hit a new all-time high before the end of December. On its current trajectory, analysts predict that Meme Moguls has maximum growth potential.
Meme Moguls is a captivating play-to-earn game that immerses players in a world of meme trading. Its marketplace will operate like a meme stock market where players will be able to buy, sell, and trade memes and other assets. This revolutionary new concept adds an exciting new spin to traditional investing.
In addition to its marketplace, players will have the opportunity to immerse themselves in a bustling DeFi community. Here, they’ll be able to share insights, discuss strategies, and engage in conversations with like-minded investors. Furthermore, Meme Moguls will also rank players on a Wealth Leaderboard. The top 20 moguls on this leaderboard will earn lucrative rewards and passive income from a prize pool.
To get involved in the Meme Moguls presale, investors can purchase MGLS tokens through the official Meme Moguls website.
For more information about the Meme Moguls (MGLS) presale: Website | Twitter
Top crypto platforms in the US | January 2024
The post Bitcoin ETF News Sparks Buying Frenzy – Meme Moguls and Astar The Bull Run Continues appeared first on BeInCrypto.