Grayscale Launches Original Campaign Pushing SEC Approval Of Spot BTC ETF; BTC To Overtake Gold MarketCap
Despite the massive volatility that we are seeing in the crypto space these days, there are all kinds of optimistic predictions that are more or less based on great things taking place. Business Insider has just revealed...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Despite the massive volatility that we are seeing in the crypto space these days, there are all kinds of optimistic predictions that are more or less based on great things taking place.
Business Insider has just revealed that the world’s largest crypto asset manager has launched a first-of-its-kind campaign to help push for SEC approval of a spot bitcoin ETF.
The move will turn out extremely bullish, according to more voices from the crypto space.
Bitcoin vs. goldMeanwhile, more and more predictions are saying that Bitcoin’s market cap will surpass the one of gold.
#Bitcoin will overtake the market cap of #Gold. It’s just a matter of time. When this happens 1 #Bitcoin will be worth over $475k. Plan accordingly.
— Carl ₿ MENGER ⚡️ (@CarlBMenger) February 21, 2022
Regarding Bitcoin’s price today, at the moment of writing this article, BTC is trading in the red, and the king coin is priced at $37,422.
2022, the tear of mass institutional crypto adoptionIt’s been just revealed that from just under 60 in the last quarter of 2021, the number of SEC 13F filings that mention Bitcoin increased to nearly 160 in the first two months of 2022.
“This is the number of SEC 13F filings that mention Bitcoin per quarter, and it’s gone up nearly 3x, and this is for asset managers that manage over $100 million in assets for clients. They have to disclose their equity holdings and other digital asset holdings as well.”
The notes continued and said:
“So remember, smart money is coming Q1 2022. They’re knocking on the door and that going from 58 mentions to 160 is a huge explosion.”
The analyst says that despite the current weakness in the market, the price of Bitcoin will explode once institutional money goes to crypto.
Stay tuned for more news and also make sure to keep your eyes on the crypto market.
The post Grayscale Launches Original Campaign Pushing SEC Approval Of Spot BTC ETF; BTC To Overtake Gold MarketCap first appeared on CryptoGazette - Cryptocurrency News.Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoGazetteRelated market context
CFTC Chair Says New Crypto Rulemaking Will Prevent Another FTX-Style Collapse
Bitcoin Magazine CFTC Chair Says New Crypto Rulemaking Will Prevent Another FTX-Style Collapse Pro-crypto regulator Mike Selig has...
Grayscale Adds BitGo To Hyperliquid Staking ETF Custody Setup
TL;DR: Grayscale has added BitGo Bank & Trust as an additional custodian for a portion of the HYPE held by its Hyperliquid Staking...
OpenAI math breakthroughs raise ‘bunker mode’ alarm from Bitcoin researcher Justin Drake
OpenAI’s latest advances in mathematics have prompted a leading Ethereum researcher to warn that crypto’s core wallet security cou...
XRP ETFs now hold $1.7 billion but took in just $4M last week
XRP traded around $1.43 on Oct. 7, down 5.46% over 24 hours. Five tracked US spot XRP ETFs held an estimated $1.7 billion at the p...
Tether Signs Deal With Kazakhstan's Central Bank to Explore a Stablecoin and Tokenized Assets
Tether, issuer of the USDT stablecoin, will help Kazakhstan's central bank study a tenge-pegged token and put real-world assets on...
Ethereum researcher Justin Drake calls for ‘bunker mode’ planning over private key recovery risk
Justin Drake recommended moving crypto assets to fresh addresses that keep their public keys hidden behind a hash.