Crypto News: Regulatory Delays, Grayscale’s Victory, and Influencer News
The Securities and Exchange Commission (SEC) has decided to delay the approval of multiple exchange-traded fund (ETF) applications, including those from BlackRock and VanEck. This regulatory setback comes after Grayscale won an appeal against the SEC, allowing its Grayscale Bitcoin Trust (GBTC) to move forward with listing on the NYSE Arca. In other news, crypto influencer Ben Armstrong has reportedly parted ways with the BitBoy Crypto brand. Additionally, public data has revealed that Robinhood Markets holds the fifth-largest Ethereum wallet, and OnlyFans parent company Fenix International has invested in Ethereum.
Key Points:
- The SEC has delayed the approval of seven Bitcoin spot ETFs, including those from BlackRock and VanEck.
- Grayscale won an appeal against the SEC, allowing its GBTC to list on the NYSE Arca.
- Crypto influencer Ben Armstrong has separated from the BitBoy Crypto brand.
- Robinhood Markets holds the fifth-largest Ethereum wallet, with 1.5 million ETH.
- OnlyFans parent company Fenix International has invested in Ethereum.
Hot Take:
Regulatory delays continue to hinder the progress of crypto ETFs, but Grayscale’s victory provides hope for the industry. The separation of Ben Armstrong from the BitBoy Crypto brand raises questions about the future of influential figures in the crypto space. The revelation of Robinhood Markets and Fenix International’s involvement with Ethereum highlights the growing integration of cryptocurrencies into traditional companies. The crypto market remains unpredictable, but these recent developments demonstrate both the challenges and potential opportunities in the industry.
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