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ETH Surges on ETF Approval
Published on Jan 10, 2024

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NEED TO KNOW
Approved at Last!
  1. 😇 ETF approval finally confirmed. Crypto sweated through it until the last second, but on Wednesday afternoon, all 11 spot BTC ETFs were approved by the SEC for trading across CBOE, NYSE, and Nasdaq exchanges. Yay!
  2. 🙈 X confirms SEC didn't have 2FA. The SEC's faux announcement probably could've been avoided if they had done the bare minimum security practices. X confirmed that the account didn't have 2FA enabled.
  3. 🚀 ETH ecosystem rips. Which ETF got approved again? Arbitrum, Optimism, Rocket Pool, and Lido Lido surged Wednesday.
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TODAY IN MARKETS
ETH Surges on ETF Approval

📊 ETF invigorates ETH. After a tumultuous morning with a preemptive approval notice from CBOE that was later walked back, spot BTC ETFs at long last received approval! Crypto has reached a historic milestone, but where does the industry go from here?

Prices as of 5pm ET 24hr 7d
Crypto $1.77T ↗ 3.5% ↗ 8.6%
BTC $46,450 ↗ 0.9% ↗ 8.8%
ETH $2,538 ↗ 8.1% ↗ 14.8%
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ANALYSIS
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PLAN AHEAD
ETF Livestream Tomorrow

Still not quite sure what to make of this ETF news?

Tomorrow at 7:30am PT / 10:30am ET, we're talking with Bloomberg's senior ETF analyst Eric Balchunas to get the full breakdown. Tune in live tomorrow morning 👇

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Ni conseil financier ni fiscal. Le contenu Bankless est strictement éducatif et ne constitue pas un conseil en investissement ni une sollicitation à acheter ou vendre des actifs ou à prendre des décisions financières. Cette newsletter ne constitue pas un conseil fiscal. Parlez-en à votre comptable. Faites vos propres recherches.

Divulgation. Il peut nous arriver d’ajouter des liens vers des produits que nous utilisons dans cette newsletter. Nous pouvons recevoir une commission si vous effectuez un achat via l’un de ces liens. De plus, l’équipe Bankless détient des actifs crypto. Consultez nos divulgations d’investissement ici.

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