Bitcoin ETF

Bitcoin

<p style="text-align: justify">As the end of 2023 approaches, activity in the crypto markets continues at full speed. While interest rate cuts by the FED are expected in 2024, the <a href="https://en.coin-turk.com/the-tangled-web-of-ftxs-founder-scandal-bankruptcy-and-unexpected-legal-proceedings/" data-wpel-link="internal">SEC</a>‘s approval of spot <a href="https://en.coin-turk.com/bitcoins-block-reward-halvings-29-remaining/" data-wpel-link="internal">Bitcoin</a> ETFs is also anticipated. Amidst all these developments, two unexpected resignations have just rocked the market. Important figures from the Grayscale board have announced their resignations from the company.</p> 
<h2 style="text-align: justify" id="significant-departures-at-grayscale">Significant Departures at Grayscale</h2> 
<p style="text-align: justify">While everyone was excited about the approval of the spot Bitcoin ETF expected by January 10, Grayscale experienced a shocking two departures. According to a recent announcement by Reuters, CEO Barry Silbert and Mark Murphy have resigned from their positions on the company’s board. Shifke is thought to be the successor to Silbert.</p> 
<p style="text-align: justify">It was revealed in November that Grayscale executives were in communication with the SEC’s Division of Trading and Markets. Despite being in contact with the SEC during a time of heightened ETF expectations, the reason for this decision remains unknown for now.</p> 
<p style="text-align: justify">The timing of these resignations, just as the ETF seemed within reach, could have negative effects on investors. A statement from the company could reassure the market and participants, alleviating any fears regarding ETF expectations.</p> 
<h2 style="text-align: justify" id="current-bitcoin-price-situation">Current Bitcoin Price Situation</h2> 
<p style="text-align: justify">As of Tuesday, the price of Bitcoin fell below the $43,000 level. Following the <a href="https://newslinker.co/" data-wpel-link="exclude">news</a>, Bitcoin’s price dropped from $42,800 to $42,600, and the impact of this decision is already a subject of speculation.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-294183" src="https://coin-turk.com/wp-content/uploads/2023/12/BTCUSD.png" alt="" width="2048" height="959"></p> 
<p style="text-align: justify">Bitcoin’s trading volume over the last 24 hours reflects a 21% increase, reaching the $26 billion level. Meanwhile, there was a noticeable drop in the overall volume, with a 2% decrease falling below the $850 billion level.</p> 
<p style="text-align: justify">Despite companies making updates to their filings in hopes of SEC approval, they have faced delays, which could have led to a sense of despair and might be the reason behind the resignation at Grayscale. However, until an official statement is made, this remains speculation.</p> <span style="font-weight:bold;font-size:16px">Continue Reading:</span> <a href="https://en.coin-turk.com/major-resignations-at-grayscale-amidst-crypto-market-movements/" data-wpel-link="internal">https://en.coin-turk.com/major-resignations-at-grayscale-amidst-crypto-market-movements/</a>

Major Resignations at Grayscale Amidst Crypto Market Movements

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