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In the early morning of January 11, Beijing time, the U.S. Securities and Exchange Commission (SEC) announced that it had approved the listing and trading of Bitcoin spot ETFs through expedited mode and authorized 11 ETFs to begin trading on Thursday, local time. Golden Finance interviewed Du Jun, executive director and CEO of SINOHOPE, on the approval of the Bitcoin spot ETF in the United States. Du Jun believes that the approval of the Bitcoin spot ETF means that Bitcoin has better compliance access conditions. This move provides traditional investors with a more convenient and secure way to invest in Bitcoin. Bitcoin spot ETFs will continue to attract a large amount of institutional funds into the cryptocurrency market. This is not only an important sign that Bitcoin is becoming mainstream, but may also indicate that the cryptocurrency market is about to usher in a new growth cycle. Du Jun said that Hong Kong is the next important potential market to approve the listing and trading of Bitcoin spot ETFs after the United States. In December last year, the Hong Kong Securities Regulatory Commission issued the "Circular on Securities Regulatory Commission Authorized Funds to Invest in Virtual Assets" and stated that "Ready "Accepting applications for recognition of virtual asset spot ETFs", Xinhuo Asset Management, a subsidiary of Xinhuo Technology, is preparing to apply for relevant ETFs.

The Bitcoin Spot ETF was successfully approved in a 3-2 vote, with SEC Chairman Gensler, Commissioner Pierce, and Commissioner Mark Uyeda voting in favor. SEC Commissioner Pierce pointed out in the statement that the investigation into the X account hacking incident needs to maintain transparency, and emphasized that false information is not limited to Bitcoin products, and the SEC will continue to review any potential problems in the Bitcoin ETF market. I think this is a big step towards wider acceptance in the Bitcoin market. The adoption of ETF will provide more traditional players with a way to participate in the digital asset market, which is expected to drive the price of Bitcoin to further rise. The support of the SEC Chairman and members shows that the regulator is gradually liberalizing the digital asset market, which is a positive signal for the entire industry. James Seyffart, an ETF analyst at Bloomberg, said that the assets under management of the Bitcoin spot ETF may reach US$30 billion on the first day of listing. This shows the market's eager anticipation for Bitcoin ETFs, and players may quickly invest a large amount of funds, driving the rapid expansion of the ETF's scale. BlackRock has successfully passed the final approval of the US SEC, allowing its Bitcoin Spot ETF (IBIT) to be traded on Nasdaq. This is a major milestone for the entire Bitcoin market and further confirms the gradual integration of digital assets into the traditional financial field. This new ETF is expected to be officially listed on January 11, 2024. Separately, Grayscale said they expect its Spot Bitcoin Trust (GBTC) to begin trading as an ETF tomorrow. This marks the moment Grayscale has finally arrived after years of preparation and work. According to the latest news, the US SEC will make decisions and approve five Ethereum spot ETFs before the end of May. Specifically, the first round of approval for the iShares Ethereum Trust and Fidelity Ethereum Fund launched by Balckrock and Fidelity will be carried out before January 21 and January 25, but the final decision may be postponed until August. In addition, there are three Ethereum spot ETFs with final deadlines of the end of May 2024, namely VanEck Ethereum ETF, Ark 21Shares Ethereum ETF and Hashdex Ethereum ETF. The final deadlines are May 23, May 24 and 5 respectively. March 30th. In the next decision-making process, the SEC also needs to make a decision on Grayscale’s application before June 18 and on Invesco’s application before July 5.The application deadlines for Fidelity and BlackRock are August 3 and August 7 respectively. Bloomberg ETF analyst Eric Balchunas estimated in a previous report that there is a 70% chance that the Ethereum spot ETF will be approved in May. This shows the market’s anticipation and optimism regarding the Ethereum ETF’s approval. $BTC $ETH #BTC #etf #ETH

The story of Brother 480,000: In 2014, a person appeared in the Bitcoin forum. He bought 100 Bitcoins with 480,000. After that, he was not idle. He started to post live broadcasts to speculate on coins. After that, the market value of these 100 Bitcoins dropped to 60,000. Many people kept mocking him, laughing that "Brother 480,000" was about to become "Brother 60,000." It stands to reason that the loss has exceeded 80%, and the remaining tens of thousands should be taken lightly. If you stay there, there is still the possibility of counterattack. "Brother 480,000" defeated himself, but lost to a woman! His mother-in-law quarreled with him over this matter, and his wife even threatened him with divorce. Finally, unable to withstand the pressure, he sold 100 Bitcoins in early 2016 and recovered 300,000, resulting in a net loss of 180,000. Fell before dawn. Yan Beibei finally couldn't withstand the pressure and sold 100 Bitcoins in early 2016, getting back 300,000, resulting in a net loss of 180,000. Fell before dawn. At the end of 2017, the bull market reached its climax, and the price of Bitcoin began to hit 140,000. If I could hold on to the 100 Bitcoins of 480,000, it would have skyrocketed to nearly 14 million by the end of 2017. Some people thought of Brother 480,000 again, but he never appeared again. I deleted my posts, canceled my ID, and disappeared into the vast sea of ​​people. Are there various 480,000 brothers around you? Anyway, I have met various 480,000 brothers over the years. Holding the currency impatiently fell before dawn. I hope you will not follow the same path as Brother 480,000 and fall before the dawn of the bull market. Finally, let me introduce that DOD100 has a safety net mechanism. The bottom line is that the last person to buy will not lose. DOD100 has a bonus pool mechanism, extreme deflation, tax 4%: marketing wallet, tax 6%: destruction + bonus pool project ends, bonus pool exchange price: 1 DOD100=0.001u. So it will never be in DOD100🈹leeks#BTC #etf #XAI #BONK #BNB🔥