Bitcoin

Ethereum

<ul><li>SEC&#39;s approval of 11 Bitcoin ETFs signals a major shift in crypto, embracing Bitcoin&#39;s role in mainstream finance.</li><li>Spot Bitcoin ETFs&#39; launch marks a new era for crypto, boosting investor confidence and market maturity.</li><li>Ethereum&#39;s surge post-ETF approval hints at dynamic interplay and growth potential across the broader crypto market.</li></ul>The U.S. Securities and Exchange Commission (SEC) has greenlit proposals from 11 companies for Bitcoin Exchange-Traded Funds (ETFs), marking a significant shift in the cryptocurrency market.The approved ETFs are spot-based, meaning they directly hold Bitcoin. This differs from previous Bitcoin futures ETFs tied to derivatives contracts. As a result, Bitcoin and Ethereum&#39;s prices soared and are now trading at<a href="https://www.coingecko.com/en/coins/bitcoin" rel="noopener noreferrer nofollow"> $46,101.45</a> and <a href="https://www.coingecko.com/en/coins/ethereum" rel="noopener noreferrer nofollow">$2,589.78</a>, respectively, igniting a rally in other altcoins, as highlighted by the crypto analytics platform Santiment.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/dd4cb8545c554651aaf14e72ae4434a3.png" />Leading financial players like BlackRock,<a href="https://cryptotale.org/fidelity-submits-securities-registration-application-for-bitcoin-etf-report/" rel="noopener noreferrer nofollow"> Fidelity</a>, and Grayscale are among the dozen firms <a href="https://www.reuters.com/markets/us/us-sec-does-not-plan-appeal-court-decision-grayscale-bitcoin-etf-source-2023-10-13/" rel="noopener noreferrer nofollow">launching</a> these BTC ETFs. This development follows a critical court ruling against the SEC in August. The D.C. Circuit Court of Appeals found the SEC&#39;s rejection of Grayscale&#39;s spot ETF proposal unjustified. SEC Chair Gary Gensler cited this court loss as a significant factor in the recent approvals.Read full article <a href="https://cryptotale.org/crypto-market-buzz-secs-approval-of-bitcoin-etfs-sparks-altcoin-rally/" rel="noopener noreferrer nofollow">at CryptoTale.</a>

Crypto Market Buzz: SEC’s Approval of Bitcoin ETFs Sparks Altcoin Rally

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