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The crypto industry was in a frenzy following the SEC approval of the first spot Bitcoin ETFs on January 10. The market’s launch sent the price of Bitcoin on a joy ride, soaring past $48,000. While there has been a pullback, the Bitcoin ETF market effect has been largely positive.
Grayscale, one of the issuers of this shiny investment product, seeks the approval of options on spot Bitcoin ETFs. On January 5, in a post on X (formerly Twitter), he said, “As we look ahead, I think it’s never been more important for the crypto and ETF communities alike to advocate for the development of a robust listed options market for spot Bitcoin ETFs.”
He concluded by stating that Grayscale will continue to advocate for spot bitcoin ETFs and the crypto asset class to be treated fairly.
Meanwhile, following the buzz caused by the JUP airdrop by the Jupiter exchange, whales have been swarming the InQubeta (QUBE) presale. Boasting massive upside potential, it is among the best cryptos to buy now after the “Jupuary” wave.
InQubeta (QUBE): Whales Jump on the QUBE Frenzy
InQubeta (QUBE) is one of the new ICOs that both retailers and whales are swarming around. The presale is in its seventh stage, and a staggering $8.9 million has been raised, leaving early holders grinning from ear to ear.
At its current ICO stage, a toke is priced at just $0.0224. It is the best new crypto to invest in, according to analysts, who are tipping it for a 6,500% rally after its launch. If you seek one of the best cryptos to invest in—low-cap gems with astounding room for price discovery—InQubeta is a compelling option.
Besides its potential upward trajectory, it is one of the best coins to invest in thanks to its innovative solution. It stands at the intersection of AI and blockchain—a bullish narrative—and aims to solve critical issues within the burgeoning AI market.
To this end, it will build the first crypto-based crowdfunding platform and an NFT marketplace for all fundraising and investment activities. If you wish to become an early adopter and position yourself for significant gains, click the link below.
Bitcoin (BTC): Grayscale CEO Demands Options Market for Spot Bitcoin ETFs
Bitcoin (BTC), the new kid on Wall Street and the best cryptocurrency, continues to be the talk of the investment town. A week after the launch of the spot Bitcoin ETF market, it flipped silver to become the second-leading ETF commodity. The Bitcoin ETF vs. gold rivalry, which many thought impossible, is here, with speculators grabbing their popcorn.
In recent crypto news that has been met with nods of approval, Grayscale CEO Michael Sonnenshein has called for the approval of public options on Bitcoin spot ETFs. In a post on X (formerly Twitter), released on January 5th, he asked for the crypto asset class to be treated fairly by the SEC as they awaited the decision on listed options for spot Bitcoin ETFs.
It is worth noting that listed options for Bitcoin futures ETFs were made available a day after the market went live. While options for Bitcoin spot ETFs require a lengthy review period—more than futures Bitcoin ETFs—Sonnenshein calls for fairness.
With the SEC making it clear that it doesn’t endorse Bitcoin despite spot BTC ETF approval, its stance toward options remains to be seen.
Conclusion
Grayscale, after playing a significant role in spot Bitcoin ETFs, is now demanding an options market. At the same time, InQubeta has been stirring up quite a buzz, raring to go after its launch. Tipped to skyrocket, you can become an early holder via the link below.
Visit InQubeta Presale
Join The InQubeta Communities
Source: https://finbold.com/grayscale-ceo-michael-sonnenshein-demands-options-market-for-spot-bitcoin-etfs-whales-jump-on-the-inqubeta-qube-wave/