Skip to main content

Featured Story

Produced by Daniel Aharonoff & Mogul Media AI

$DED: The Rising Star in the Polkadot Ecosystem

The Rise of DED: A New Era for the Polkadot Ecosystem In the vibrant world of cryptocurrency, community engagement stands as a cornerstone of success. Recently, the Polkadot-backed community coin, \(DED, has captured attention by trending on X, signaling a robust interest among crypto enthusiasts. This burgeoning enthusiasm has not only invigorated the \) DED Telegram channel, where over 20,000 members eagerly await their airdrop, but it also hints at a potential renaissance for the Polkadot ecosystem. A Community-Driven Initiative The \(DED project has emerged from a collective desire within the Polkadot community to create a distinctive memecoin that fosters excitement and engagement. By drawing inspiration from the explosive success of \) BONK in the Solana network, the $DED team recognized an opportunity to catalyze similar enthusiasm within Polkadot. Key Highlights of $DED Community Support : Over 1 million DOT holders exist, with roughly 100,000 actively backing the $D...
Post a Comment
Read more
Produced by Daniel Aharonoff & Mogul Media AI

Bitcoin ETF Fees Revealed: BlackRock, VanEck, and WisdomTree Compete for Approval

The fees for the proposed Bitcoin ETFs from BlackRock, VanEck, and WisdomTree have been revealed in recent filings with the SEC. Bloomberg Intelligence analyst Eric Balchunas commented on Twitter that BlackRock's fee of 0.3% is cheaper than anticipated, stating "Life just got a LOT tougher for everyone else." This news comes amidst renewed optimism for the approval of a Bitcoin ETF, with the entry of BlackRock, the world's largest asset manager, into the race. A recent court victory for Grayscale also added momentum to the push for approval. While Balchunas raised the odds of approval to 95% in January, market participants are taking a more cautious stance, with a prediction market pegging the chances at 83%. A recent poll of financial advisors showed that only 39% expressed confidence in a spot Bitcoin ETF being available to US investors in 2024.

The fees for the proposed Bitcoin ETFs from BlackRock, VanEck, and WisdomTree have been revealed through filings with the SEC. BlackRock's fee of 0.3% is lower than originally predicted, which has garnered attention and raised the competitive bar for other applicants.

The entry of BlackRock, the largest asset manager in the world, into the race for a Bitcoin ETF has sparked renewed optimism for the approval of such a product. Historically, the SEC has rejected all applications for a spot Bitcoin ETF, but BlackRock's involvement could potentially change the outcome.

A recent court victory for Grayscale has also added momentum to the push for a Bitcoin ETF. A judge ruled that the SEC must review Grayscale's application to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF. This ruling provides a brief window of opportunity for the SEC to approve multiple spot Bitcoin ETF applications before January 10.

Bloomberg Intelligence's Balchunas has raised the odds of the SEC approving a spot Bitcoin ETF in January to 95%. However, market participants are taking a more cautious stance, with a prediction market indicating an 83% chance of approval by January 15.

A recent poll conducted by Bitwise revealed that only 39% of financial advisors surveyed expressed confidence in a spot Bitcoin ETF being available to US investors in 2024. This suggests that there is still uncertainty and skepticism surrounding the approval process.

Email Post

Comments

Post a Comment

Trending Stories