Crypto News: SEC Delays Bitcoin ETFs, Bloomberg Analyst Warns of Vulnerability, and More

SEC Licks Wounds After Grayscale Defeat

The Securities and Exchange Commission (SEC) has decided to delay the approval of seven Bitcoin spot exchange-traded funds (ETFs), including BlackRock, VanEck, and Bitwise, for at least 45 days.

The delay comes after Grayscale won an appeal against the SEC, allowing the Grayscale Bitcoin Trust to move forward with listing on the NYSE Arca.

Crypto News – Socially Speaking

ETFs, which mirror the real-time price fluctuations of their underlying assets, could potentially lead to an explosion in the price of Bitcoin if approved.

An analyst from Bloomberg warns that assets prone to vulnerability, like Bitcoin, can decline in price once the masses jump on board. He suggests that Bitcoin could fall to $10,000 if economic winds from China lead to a global bust.

Ben Armstrong Reportedly Parts Ways With BitBoy Brand

Crypto influencer Ben Armstrong has reportedly separated from the BitBoy Crypto brand. The future of the brand is yet to be announced.

Arkham Intel Reveals Fifth-Largest Ethereum Holder

Blockchain intelligence firm Arkham Intelligence confirms that the fifth-largest Ethereum wallet belongs to crypto brokerage Robinhood Markets, holding about 1.5 million ETH worth $2.54 billion.

OnlyFans Parent Fenix International Invests in Ethereum

Fenix International, the parent company of video streaming platform OnlyFans, reveals a 2022 ETH investment. The company joins other corporates with crypto on their balance sheets.

Top 10 Crypto Performers This Week

Check out how the top 10 cryptocurrencies by market cap performed this week.

Disclaimer: The information provided is for general information purposes only and should not be taken as investment advice. The reader should proceed with caution and at their own risk.