One major amendment by Grayscale includes reducing the GBTC | Ansh Shivhare on Binance Square

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One major amendment by Grayscale includes reducing the GBTC management fee from 2% to 0.7% for its spot Bitcoin ETF.

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🚨 Big move in the crypto ETF space! 🚨 Nasdaq has officially filed a 19b-4 on behalf of Grayscale’s Spot Hedera (HBAR) ETF. If approved, this would mark the first-ever spot HBAR ETF, bringing more institutional access to Hedera’s ecosystem. What does this mean for Hedera and the broader crypto market? 🧵👇 1/ What’s a 19b-4? A rule change proposal that exchanges (like Nasdaq) file with the SEC to list new products. It’s a crucial step toward ETF approval, but not the final one. 2/ Why is this important? Grayscale is doubling down on expanding crypto ETFs after its success with GBTC. A spot HBAR ETF could bring fresh institutional demand. More legitimacy & exposure for Hedera’s enterprise-focused blockchain. 3/ What’s next? The SEC will review and either approve, deny, or delay. Expect months of back-and-forth before a final decision. If this gets approved, HBAR could see massive adoption. Bullish or skeptical? Let’s discuss. 🔥👇

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📢 Big news! The White House just announced they will be hosting the first-ever Crypto Summit. 🚨 This is a major milestone for the industry. Let’s break down why this matters👇 1/ 🌍 A historic moment: This summit marks a critical shift in how the U.S. government is engaging with the crypto space. It's the first time the White House has officially brought together key players from the industry to discuss its future. 2/ 💬 Why it matters: With increased regulation and scrutiny of digital assets, this summit could help shape the policy framework that governs the future of cryptocurrencies, blockchain tech, and decentralized finance (DeFi). 3/ 🧑‍⚖️ Key stakeholders: Expect government officials, regulatory bodies, leading crypto companies, and thought leaders to converge. This could mean more clarity on laws, regulations, and perhaps even new opportunities for innovation. 4/ 🔍 What’s on the agenda? Topics likely include digital asset regulation, cybersecurity, innovation, and ensuring that the U.S. remains a global leader in tech. Expect discussions on balancing security with innovation. 5/ 💡 Impact on innovation: A summit like this can provide valuable insights into how the government views the intersection of finance, technology, and national security. The outcome might pave the way for clearer policies that foster growth. 6/ 🚀 What’s next? The crypto space has been advocating for greater regulatory clarity. If the summit leads to actionable results, it could be a game-changer for the industry’s future in the U.S. and globally. This is just the beginning. Stay tuned for more updates from the White House Crypto Summit! #Crypto #Blockchain #DeFi #CryptoRegulation #WhiteHouseSummit

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