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Crypto NFT Today: Week 4 of June
Welcome to another edition of Crypto NFT Today! The last two weeks have been filled with unmissable events that will set the tone for the future of blockchain, cryptocurrency, and NFTs.
With US regulators potentially approving Spot Ether ETFs, VanEck filing for Solana ETF, and more, there’s a lot of essential news you should know about. So, let’s dive in and see what’s going on!
US regulators may approve Spot Ether ETFs
The U.S. Securities and Exchange Commission could approve exchange-traded funds (ETFs) tied to the spot price of ether as early as July 4, according to industry executives and other participants who spoke to Reuters.
Eight asset managers, including BlackRock, VanEck, Franklin Templeton and Grayscale Investments, are seeking SEC approval for these funds
VanEck Files for Solana ETF
Asset Manager VanEck filed a motion to sell shares of a Solana exchange-traded fund (ETF), marking the first such registration in the United States, just six days after 3iQ filed for a similar product in Canada.
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The S-1 registration form submitted to the Securities and Exchange Commission (SEC) helped boost the SOL token’s 24-hour gain to nearly 8%. Meanwhile, the CoinDesk 20 index, which measures the broadest cryptocurrency marketincreased by 1.8%.
CleanSpark to Acquire Peer GRIID
Bitcoin mining deal-making continues to intensify, with CleanSpark Agrees to Acquire GRIID Infrastructure in an all-stock transaction valued at $155 million.
According to a statement released Thursday, as part of the agreement, CleanSpark will assume all of GRIID’s debts and obligations and provide a $5 million bridge loan to repay approximately $50.9 million.
Analysts suggest that BTC will fall in 2024
Bitcoin has formed a double-top price pattern, indicating potential bearish trend change ahead of the release of key data that could impact the Federal Reserve’s interest rate decisions.
The price of Bitcoin The move has been volatile this month. After rising to nearly $70,000, near its all-time high in March, it has now fallen to $63,000. The decline contrasts with the Nasdaq’s continued rise and is largely due to accelerated selling by miners, profit-taking by investors near all-time highs, and outflows from U.S.-listed spot exchange-traded funds.