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Share link:In this post: SEC Gary Gensler expects Ethereum ETFs to be approved during this summer. Market stakeholders said the ETF issuers were currently awaiting comments from the SEC staffs about their S-1 filings. Meanwhile, US Senators criticized and questioned the SEC and CFTC regulatory actions gainst the emerging industry.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strong
SEC Chair Gary Gensler estimated that the S-1 approvals for spot ether ETFs could occur sometime by the end of this summer. A Tennessee Senator also chastised Gensler’s rule-making for the cryptocurrency industry, stating that the agency’s “roadblocks” have spurred U.S. companies to move abroad.
JPMorgan analysts are skeptical about the sustainability of strong crypto inflows so far this year, citing current high bitcoin prices.If the current trend were to continue, it would result in an annualized net inflow of around $26 billion, they said.
- 07:50The eighth largest bank in the US, PNC, disclosed that its investment in Bitwise Bitcoin ETF has increased to about 67 million dollarsAccording to CoinGape, the Bitcoin spot ETF market has just welcomed the participation of PNC, the eighth largest bank in the United States, which announced that it holds a Bitcoin exposure. According to its 13F file submitted to the U.S. Securities and Exchange Commission (SEC), PNC Bank, with assets under management reaching $325 billion, stated that its Bitcoin exposure is worth $67 million. As revealed by former Sequoia Capital analyst Julian Fahrer, PNC Bank has increased its investment in Bitcoin ETFs over the past year. This financial giant has increased its holdings from $10 million to $67 million. According to the 13F file, PNC Bank invested funds into Bitwise's Bitcoin ETF (BITB).
- 07:49The blockchain ArweaveOasis, built on Arweave, will launch its mainnet tomorrowNews on February 8th, according to the announcement released by ArweaveOasis, its mainnet will officially go live at 7:20 AM Singapore time on February 9th. It is reported that AO is a scalable blockchain network built on Arweave, supporting unlimited parallel computing operations while maintaining network verifiability. Its distributed architecture allows existing smart contract platforms to easily connect.
- 07:47Today's Fear and Greed Index remains at 44, still in a "panic state"According to Bitget data, today's cryptocurrency fear and greed index remained at 44, indicating that the market is still in a "panic state."