Spot-ETFs on Ethereum and Bitcoin in Hong Kong Nearly Ready to Launch
In a notable development in the cryptocurrency market, Hong Kong is on the verge of introducing spot-ETFs for Ethereum and Bitcoin. According to a report by finanzen.net, local authorities have already given the green light, and trading is set to start on April 30. These products differ from the US versions in that they allow investors to directly purchase shares with the underlying digital assets.
Ethereum Comeback? Why Justin Sun is Aggressively Buying ETH
Prominent crypto investor Justin Sun is heavily betting on Ethereum. As reported by FinanzNachrichten.de, Sun has been massively investing in Ethereum since early April – spending over half a billion dollars. This indicates that some major investors are expecting or at least speculating on a forthcoming comeback of Ethereum.
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Crypto Whales Buy Ethereum: Examining Price Drops
Alongside Justin Sun, other major market players are actively expanding their positions in Ethereum. According to information from BeInCrypto | Bitcoin & Crypto News, whales have invested nearly 57 million USD in ETH within a day despite recent price corrections.
Consensys Sues the SEC: Is Ethereum a Security?
In a dramatic turn of events, Consensys has officially filed a lawsuit against the US Securities and Exchange Commission (SEC) over its treatment concerning Ether being possibly classified as securities. Read more about it at BTC-ECHO | Bitcoin & Blockchain Since 2014.
At This Crypto Firm, They Have Nerves of Steel
Consensys demonstrates courage through its active legal challenge against the SEC, as reported on finews.ch. The article explains how the company not only withstands regulatory pressure but also proactively tries to defend its rights (finews.ch).
Bitcoin, Hedera, and Ethereum: How BlackRock Drives the Crypto Market
Another interesting aspect is the influence of large institutional actors like BlackRock on the digital currency market. Wallstreet Online offers an in-depth look at how these companies can initiate movements in the market (Wallstreet Online).
