Crypto News – With a new high of $35,000 for the year 2023, the price of BTC has provided a tremendous 12% breakthrough. Thus, Bitcoin’s year-to-date gains now exceed 100%.
BTC Price Rising to the Highest Level of 2023 as It was Affected by Developments in the Industry
The most recent change occurs as the DTCC (Depository Trust & Clearing Corporation) lists BlackRock’s iShares Bitcoin Trust. By the end of this month, the industry behemoth in asset management also intends to seed its iShares Bitcoin ETF. The launching of the first US spot Bitcoin ETF in the upcoming months is indicated by all of this as progress.
Expectations for ETH Increased
Following recent reports, anticipation for a Bitcoin exchange-traded fund (ETF) has grown. This includes the most recent development, in which the U.S. Securities and Exchange Commission decided not to appeal a court decision finding that Grayscale Investments’ application was unfairly denied.
On Monday, October 23, the US federal court issued an additional order for the SEC to examine Grayscale’s spot Bitcoin ETF application. According to Bloomberg Intelligence analysts Elliott Stein and James Seyffart, the approval of a spot Bitcoin ETF is all but guaranteed, and additional funds are anticipated to be approved, though the precise date is still unknown.
Liquidity is somewhat better than before. Prices have now recuperated and with it a certain amount of liquidity — still nothing compared to the euphoria of 2020-2021, though.
Justin d’Anethan, head of business development in the Asia Pacific at crypto market maker Keyrock
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