On the same day as the announcement, Bitcoin reached a historic milestone, crossing $100,000 for the first time.
Bitcoin has hit a new all-time high of $104,000, surpassing the $100,000 milestone, as strong demand and market momentum push its market cap to $2 trillion.
The digital asset manager aims to turn its current Grayscale Solana Trust into the ETF, similar to how it previously converted its Bitcoin and Ethereum trusts into spot ETFs.
While the websites are now blocked, their mobile apps remain available for download and use. This raises questions about how effectively the restrictions can be enforced.
Over the past month, $XRP has skyrocketed by 352%. It is now trading at $2.28, up over 20% in just 24 hours and 70% in the past week.
According to analysts, the Kremlin is trying to find a balance between regulating the industry and allowing it to grow.
In a bid to become a crypto hub, the city has proposed tax exemptions on profits from cryptocurrency investments for hedge funds, private equity firms, and family offices.
Bitwise’s proposed ETF aims to simplify crypto investing by allowing people to gain exposure to both Bitcoin ($BTC) and Ethereum ($ETH) without owning the assets directly.
Analysts suggest that Bitcoin is technically overbought and the correction helps stabilise the market.
Bitcoin’s rally has been a significant factor in driving Tether’s demand. Its value has risen sharply in recent weeks, peaking at $99,600 on 22 November.
