#bitcoin

Valkyrie Chief Investment Officer Steven McClurg believes that a spot Ethereum ETF is unlikely to come soon, though it could be approved by 2026. He advises against drawing parallels with the Bitcoin ETF, highlighting significant differences between the two cryptocurrencies.

The Democratic Party of South Korea, currently in the opposition, has pledged to grant citizens the right to invest in spot Bitcoin ETFs through individual savings accounts, Seoul Economy Daily reports.

China's state media is once again alerting its citizens to the dangers and illegality of cryptocurrency trading, as well as enforcing a total ban on mining. This move coincides with a surge in Bitcoin's popularity following the approval of spot ETFs and the anticipation of the upcoming halving event, which will reduce the reward for mining a block by half.

The courtroom drama between Craig Wright and COPA takes a new turn with the introduction of email evidence meant to prove a £795,000 BTC transaction conducted between Wright's enterprises in 2009. Validating this transaction for the said year could bolster Wright's claim of being Bitcoin's elusive founder, Satoshi Nakamoto.

Ulrich Bindseil, Director General of Market Infrastructure and Payments at the European Central Bank, along with his advisor Jürgen Schaaf, have openly expressed their disappointment with Bitcoin ETFs and the influx of capital into the crypto sector after the SEC's landmark decision.

Investor and staunch Bitcoin advocate Michael Saylor is not considering selling any of MicroStrategy's Bitcoin holdings in the near future. He points out that the advent of Bitcoin ETFs has paved the way for institutional investors, leading to a consistent increase in capital flow into the digital economy each day.

Asset management firm AllianceBernste posits that Ethereum (ETH) might be the only cryptocurrency to follow Bitcoin in receiving the green light from the U.S. Securities and Exchange Commission (SEC) for the launch of an exchange-traded fund (ETF). Analysts from the firm estimate a 50% chance of an Ethereum ETF being approved by May 2024, with the likelihood nearing 100% by the end of the year.