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The U.S. Securities and Exchange Commission (SEC) is delaying its decision on asset management firm Bitwise’s proposed crypto index exchange-traded fund (ETF) to March of this year. In a post on the social media platform X, Bloomberg ETF analyst James Seyffart says the regulatory agency is pushing back its decision on whether to let Bitwise convert its 10 Crypto Index Fund (BITW) into an ETF. According to Seyffart, the delay was expected and the final deadline is now in July. Furthermore, he notes that crypto firm Grayscale is also seeking to convert its Digital Large Cap (GDLC) into an ETF, adding that he expects it to be delayed from its original deadline of February 2nd. So far, the SEC has only approved ETFs tied to the top two digital assets by market cap, Bitcoin ( BTC ) and Ethereum ( ETH ). In a new memo, the SEC says it needs more time to consider Bitwise’s proposed rule change. “The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein. Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act, 5 designates March 3, 2025, as the date by which the Commission shall either approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change.” Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post SEC Delays Decision on Bitwise’s Proposed Crypto Index ETF Until March appeared first on The Daily Hodl .
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Why Cardano (ADA) and Tron Investors Are Eyeing the New Trending Altcoin Remittix
As investors from renowned projects like Cardano (ADA) and Tron (TRX) shift their focus to the emerging altcoin Remittix, the cryptocurrency market is buzzing with speculation. Remittix has captured the attention of those seeking high-growth opportunities with its innovative PayFi technology, designed to revolutionize global payments. Let`s explore the developments surrounding Tron`s growth, ADA`s price fluctuations, and the PayFi innovation. Cardano`s Market Challenges and Investor Optimism Cardano (ADA) recently faced a significant price drop, falling 10% on Monday to close at $0.91. This decline followed a strong performance, where the asset gained 17.8% the previous week. The downturn was mainly driven by macroeconomic factors, including inflation worries triggered by unexpectedly strong U.S. employment data. Despite the drop in ADA`s price, Cardano continues to be a formidable entity in the crypto sector, with $1.16 billion in open interest, reflecting investor confidence. Future developments, such as the upcoming U.S. administration`s proposed crypto tax reforms, are fuelling hopes for a potential rebound. Analysts suggest that if Cardano ADA maintains support at $0.90, its price might soon climb towards $0.99. Cardano`s ability to endure market fluctuations highlights its resilience and the importance of diversification. Many ADA holders are exploring new avenues like Remittix to diversify their portfolios during these volatile times. Tron`s Growth Fuels Investor Assurance In the crypto realm, Tron (TRX) has shown impressive performance, with its price surging 95% over the past year and an astounding 115.73% revenue increase in 2024. Projections suggest that Tron`s TRX could reach $0.50 by 2025, driven by ongoing network growth and adoption. Focusing on fast transactions and decentralized applications, Tron has emerged as a strong competitor, even surpassing Ethereum and Solana in profitability. Despite this success, Tron investors remain cautious of the market`s inherent volatility and are on the lookout for new ventures with significant growth potential. Enter Remittix, an innovative payment network that merges the convenience of fiat currency with the speed of cryptocurrency. With its cutting-edge features and early-stage presale, Remittix presents an appealing opportunity for Tron investors to diversify and possibly enhance returns. Remittix: Transforming Cross-Border Payments Remittix is changing the landscape of international payments by bridging the gap between decentralized finance (DeFi) and traditional banking. Through its PayFi system, users can send cryptocurrency funds, which are then converted to fiat and deposited directly into bank accounts worldwide. This seamless process offers unmatched convenience, ensures transparency, and eliminates hidden fees. Notable Benefits of Remittix: ● Global Reach: Facilitates smooth cross-border transactions● Lower Fees: Significantly reduces expenses compared to traditional systems.● Speed and Transparency: Offers nearly instant settlements with full transaction visibility● Flexibility: Enables businesses to accept crypto payments while settling in fiat The Remittix presale, with a goal of raising $36 million, is already gaining momentum. With 750 million tokens on offer and features like liquidity pool locking and a fully audited smart contract, the project is set for long-term success. Investors are particularly attracted to its potential to capture a portion of the $183 trillion global banking market. Conclusion As Cardano and Tron navigate their respective market scenarios, their investors are increasingly drawn to the innovative potential of Remittix. By tackling critical challenges in cross-border payments, Remittix is positioning itself as a strong contender in the crypto space. For ADA and TRX holders aiming to diversify and tap into the next wave of blockchain innovation, Remittix offers an exciting prospect. With its presale in progress, now might be the ideal moment to join the movement and explore the promising future of PayFi. Join the PayFi innovation with Remittix by exploring their presale here: Website: https://remittix.io/ Socials: https://linktr.ee/remittix Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice. The Daily Hodl
Could Bitcoin (BTC) Experience Significant Growth Potential to Reach $200K by End-2025?
Bitcoin (BTC) is poised for significant growth as market analysts predict a potential rise to $200,000 by the end of 2025, driven by strong technical indicators. Despite recent price volatility, The Daily Hodl
