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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 full of unmissable events that will define the key points of the future of blockchain, cryptocurrencies 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 Application for Solana ETF
Asset Manager VanEck has filed to sell shares of Solana exchange-traded fund (ETF), marking the first such filing in the United States, just six days after 3iQ applied for a similar product in Canada.
The S-1 registration form filed with the Securities and Exchange Commission (SEC) helped boost the SOL token’s 24-hour gains to nearly 8%. Meanwhile, the CoinDesk 20 index, which measures the broader value cryptocurrency marketincreased by 1.8%.
CleanSpark to acquire GRIID peer
Deals in the bitcoin mining sector continue to intensify CleanSpark Agrees to Acquire GRIID Infrastructure in an all-stock transaction valued at $155 million.
As part of the deal, CleanSpark will assume all of GRIID’s debt and obligations and provide a $5 million bridge loan to repay approximately $50.9 million, according to a statement released Thursday.
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.