Spot Bitcoin ETF Approvals, Ethereum’s Outperformance, BTC Mystery Transfer, and More — Week in Review

SEC Approves 11 Spot Bitcoin ETFs

The U.S. Securities and Exchange Commission (SEC) has made a historic move by approving 11 spot bitcoin exchange-traded funds (ETFs) for listing and trading on U.S. stock exchanges. This long-awaited approval paves the way for these ETFs to start trading on Thursday on NYSE Arca, Nasdaq, and Cboe BZX Exchange.

Ethereum Outperforms Bitcoin After Spot Bitcoin ETF Approvals

Following the announcement of spot bitcoin ETF approvals, the price of bitcoin remained stagnant, while ethereum experienced a significant rally, with a 9.1% increase on Wednesday. This unexpected turn of events has put ethereum in the spotlight, overshadowing bitcoin's lackluster performance.

Mysterious $1.19 Million Bitcoin Transfer to Satoshi Nakamoto's Genesis Address

On the 15th anniversary of Bitcoin, an unidentified wallet sent approximately 26.917 bitcoin, valued at $1.19 million, to Satoshi Nakamoto's Genesis wallet. This wallet, which originated on January 3, 2009, has been accumulating small transactions over the years.

Impressive Trading Volume for US Spot Bitcoin ETFs on Day 1

The launch day of U.S. spot bitcoin ETFs saw an astonishing $4.6 billion in total trading volume. Blackrock's Ishares Bitcoin Trust, the world's largest asset manager, alone accounted for over $1 billion in trading volume. Grayscale's spot bitcoin ETF, which converted from the Grayscale Bitcoin Trust, also registered a substantial trading volume of $2.3 billion. This remarkable performance on day one has made it the most successful ETF launch in history.

Renowned Financial Expert Robert Kiyosaki Increases Bitcoin Holdings

Robert Kiyosaki, the author of Rich Dad Poor Dad, has announced that he has purchased more bitcoin following the SEC's approval of spot bitcoin ETFs. This move showcases his confidence in the future of bitcoin and its potential for significant growth.

In conclusion, the approval of spot bitcoin ETFs by the SEC has brought both excitement and intrigue to the cryptocurrency market. While ethereum steals the spotlight with its impressive performance, bitcoin remains a popular investment choice. With the launch of these ETFs, it will be interesting to see the impact they have on the market and whether they will attract significant inflows. What are your thoughts on this development? Share your opinions in the comments section below.

How To

Investing in gold vs. investing in stocks

It might seem risky to invest in gold as an investment vehicle these days. Many people believe that investing in gold is not profitable. This belief arises because most people believe that the global economy is driving down gold prices. They think that they would lose money if they invested in gold. However, investing in gold can still provide significant benefits. Below are some of them.

One of the oldest forms known of currency is gold. It has been in use for thousands of year. People around the world have used it as a store of value. As a means of payment, South Africa and many other countries still rely on it.

Consider the price per gram when you decide whether you should invest in or not. You must determine how much gold bullion you can afford per gram before you consider buying it. If you don’t know the current market rate for gold bullion, you can always consult a local jeweler to get their opinion.

Noting that gold prices have fallen in recent years, it is worth noting that the cost to produce gold has gone up. The price of gold may have fallen, but the production costs haven’t.

Another thing to remember when thinking about whether or not you should buy gold is the amount of gold you plan on purchasing. It is sensible to avoid buying gold if you are only looking to cover the wedding rings. However, if you are planning on doing so for long-term investments, then it is worth considering. Profitable gold can be sold at a lower price than it was when you bought it.

We hope this article has given you an improved understanding of gold investment tools. We recommend you do your research before making any final decisions. Only then can informed decisions be made.


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