The recent spot BTC ETF applications have had positive effects on the asset's price, but also on Grayscale's largest fund.
The recent spot BTC ETF applications have had positive effects on the asset’s price, but also on Grayscale’s largest fund.
Recall that the SEC deemed all recent filings as “inadequate” last Friday, which put a major shade on all applications on whether they will be added to the growing list of rejections made by the securities regulator. This resulted in BTC spiking to $31,500 mid-week, which was a new 13-month high. Yet, it failed there and fell hard to under $30,000 on Thursday. As of now, though, bitcoin has been able to reclaim that round-numbered milestone and trades just over it at the end of the week.This is all you need not to miss any price action in the raging crypto markets.
. Litecoin has also been in the news a lot, especially given the upcoming third halving, scheduled to take place in less than a month. AnotherGBTC Discount Narrows to 27% for the First Time Since May 2022, Here’s Why
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