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SEC unlikely to approve spot Ethereum ETFs 'any time soon,' says TD Cowen
SEC unlikely to approve spot Ethereum ETFs 'any time soon,' says TD Cowen

Quick Take Chances are slim that the SEC will greenlight a spot Ethereum ETF in the near future, according to TD Cowen. “The wait might not be as long as 26 months, but it likely would be after the election,” the investment bank said.

The Block·2024/01/13 16:31
The launch of the spot bitcoin ETF is just the beginning
The launch of the spot bitcoin ETF is just the beginning

Quick Take The Block’s Frank Chaparro gives his opinion on last week’s spot bitcoin ETF approvals. This first appeared in Chaparro’s biweekly The Scoop Newsletter on Jan. 12. Sign up now.

The Block·2024/01/13 13:06
Flash
  • 05:38
    The price of Bitcoin now needs to reach $93,000 for its market value to surpass that of silver
    According to Cointelegraph, since Bitcoin reached its historical high of $73,737 on March 14th, silver has risen by 33.4%, while Bitcoin has fallen by 9.5%. The current market value of silver is $1.828 trillion, about $500 billion higher than Bitcoin's which stands at $1.322 trillion, making it the ninth largest asset in global market value. This means that Bitcoin needs to rise by 40% and reach $93,000 to surpass the current market value of silver (assuming other factors remain unchanged).
  • 05:18
    A certain whale has withdrawn 1.83 million USDC from CEX to purchase WIF, and has currently bought 227,896 WIF
    According to Lookonchain monitoring, a whale has created a new wallet and withdrawn 1.83 million USDC from CEX for the purchase of WIF. So far, he has spent 606,000 USDC to buy 227,896 WIF at a price of $2.66 each. There are still 1.22 million USDC left, and the purchase is ongoing.
  • 05:08
    BTC breaks through $67,000
    Market shows, BTC has broken through $67,000, currently quoted at $67,204. The intraday decline reached 0.18%, the market fluctuation is quite large, please manage your risk well.