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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.
- 22:18Despite Trump's launch of the Bitcoin strategic reserve plan, the volatility of Bitcoin still reached its highest level of the yearAccording to The Block, market anxiety has continued since Bitcoin's volatility reached its highest level of the year last Monday. According to data from The Block's dashboard, since Bitcoin's annualized volatility reached 59.4% on Monday, it has basically stabilized at about 58%. The volatility experienced in the past week is the highest level since December last year.However, unlike December last year when Bitcoin prices were continuously rising due to market expectations for a crypto-friendly Trump administration, in recent weeks, Bitcoin prices have been falling continuously and have fallen by more than 15% over the past month. The recent fluctuations in Bitcoin occurred after Trump signed an executive order aimed at establishing a strategic reserve of Bitcoins and meeting with top leaders in the digital asset field at a crypto summit. This executive order requires a comprehensive audit of digital assets held by the federal government, including approximately 200 thousand bitcoins (worth about $17 billion at signing). David Sacks, Trump’s “crypto czar,” stated that America will not sell off its bitcoin reserves but instead treat them as a digital version of Fort Knox (i.e., national strategic reserves).
- 22:09BTC falls below 82000 US dollarsThe market shows that BTC has fallen below 82,000 US dollars, currently reported at 81,874.00 US dollars, a daily decrease of 1.44%.
- 22:08The probability of the Federal Reserve maintaining interest rates unchanged in March is 97%According to CME "Fed Watch": The probability of the Federal Reserve keeping interest rates unchanged in March is 97.0%, and the probability of a rate cut by 25 basis points is 3.0%. By May, the likelihood of maintaining current interest rates remains at 67.2%, with a cumulative chance of a rate cut by 25 basis points at 31.9% and a cumulative chance for a rate cut by 50 basis points at just under one percent (0.9%).