BTC Slides Backwards
Crypto markets erased the gains from a volatile past couple days
Crypto Cools: BlackRock took another major step towards launching a spot ETH ETF, but crypto markets are in decline. The majors pared back yesterday’s gains on the filing, with Ether dipping back below $2k and Bitcoin fighting to hold $36k.
BREAKING:
— Bankless (@BanklessHQ) November 16, 2023
BlackRock has officially filed its S-1 application for a spotEthereum ETF
The fight against regulation by enforcement continues pic.twitter.com/j54xfYTvWo
Coinbase (COIN), who was selected as custodian for the BlackRock spot Ether ETF, is also down 1.7% on the day, likely because this news was already largely priced in, given the existence of a similar arrangement between the two firms for BlackRock’s spot BTC ETF.
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Jack Inabinet
Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.
