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All eyes are on the SEC as the regulatory body inches closer to the deadline by which it has to pass its verdict on the fate of the highly anticipated BlackRock spot Bitcoin ETF. Will the SEC approve the proposal? Are ETFs on the near horizon for crypto investors? Let’s find out more 

Bitcoin

The world’s first-ever Bitcoin Bond has received regulatory approval in El Salvador and is expected to launch by the first quarter of next year. 

Talking about El Salvador, the country’s newly launched Bitcoin “Freedom Visa” is reportedly near capacity and is expected to sell out before the end of 2023. 

Several financial giants seeking to get approval for the first-ever spot Bitcoin ETF, like BlackRock, Grayscale, Fidelity, and Franklin Templeton, met with the Securities and Exchange Commission for further discussions. 

Ethereum

JP Morgan analysts have deduced that the hype behind Bitcoin ETFs will not pay off as expected, and instead, Ether could exceed expectations by overshadowing Bitcoin in 2024. 

The United States Securities and Exchange Commission (SEC) has delayed its decision on the Invesco Galaxy Ethereum ETF to 2024.

Business

SafeMoon has filed for Chapter 7 bankruptcy as a whirlwind of accusations of fraud and mismanagement surrounding the once-thriving protocol.

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Author: Amara Khatri

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