The crypto industry is waiting for the US Securities and Exchange Commission to approve the applications to launch the spot Ether ETFs. Nasdaq and NYSE have filed applications to list spot Ether ETFs.
Ethererum
Hong Kong becomes the first in Asia to launch the spot crypto ETFs for Bitcoin and Ether. Three Chinese companies have been approved by the Securities and Futures Commission to offer EFTs in the Hong Kong exchange.
Bitcoin and cryptos rely on decentralization. There are two kinds of consensus mechanisms: proof-of-work and proof-of-stake.
The newest Bitcoin whales are investing firms, including Blackrock, Greyscale, and Fidelity. Thanks to SECs's approval of Bitcoin spot ETFs, these institutions are buying BTC in huge amounts, changing the market landscape of crypto.