Bitcoin Price Prediction: Will SEC’s First Multi-Asset ETP Push
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Crypto Writer
Arslan Butt
Crypto Writer
Arslan Butt
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Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...
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We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Last updated:
12 hours ago
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Bitcoin Price Prediction
Bitcoin trades near $117,321 with a 24-hour volume of $49.4 billion and a market cap of $2.33 trillion. Despite global volatility, BTC remains the anchor of institutional portfolios. The Federal Reserve’s latest 25-basis-point rate cut, the first since December, gave fresh momentum to risk assets. Lower borrowing costs typically support Bitcoin as investors look for alternatives to traditional assets.
Adding cultural weight, memecoin traders unveiled a 12-foot golden statue of Donald Trump holding a Bitcoin near the U.S. Capitol. Though a stunt, it underscores how crypto continues to blend politics, memes, and financial markets.
Bitcoin market cap: $2.33 trillion
Current BTC price: $117,321
Trading volume: $49.4 billion (24 hours)
SEC Clears Grayscale’s First Multi-Asset ETP.
The SEC has approved Grayscale’s Digital Large Cap Fund (GLDC), the first U.S. multi-asset crypto exchange-traded product. The ETP provides exposure to Bitcoin, Ethereum, XRP, Solana, and Cardano without requiring investors to manage wallets or exchange accounts.
This move follows the success of spot Bitcoin ETFs and reflects regulators’ new listing standards, which are designed to simplify crypto fund approvals on Nasdaq and NYSE Arca. Grayscale CEO Peter Mintzberg called the launch a milestone for mainstream adoption.
Approval strengthens Bitcoin’s role as the cornerstone of institutional crypto strategies, even as investor interest broadens into altcoins.
Laos Turns to Bitcoin Mining for Debt Relief.
Laos, known as the “battery of Southeast Asia,” is exploring Bitcoin...
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