![US Financial Regulator Accuses Cross River Crypto Friendly Bank of Involved](https://todaysgist.com/wp-content/uploads/2023/04/US-Financial-Regulator-Accuses-Cross-River-Crypto-Friendly-Bank-of-Involved.jpg)
![US Financial Regulator Accuses Cross River Crypto Friendly Bank of Involved](https://todaysgist.com/wp-content/uploads/2023/04/US-Financial-Regulator-Accuses-Cross-River-Crypto-Friendly-Bank-of-Involved.jpg)
Indodax Says Institutional and Retail Investors Are Increasingly Interested in Bitcoin
Follow Us @
Indodax Says Institutional and Retail Investors Are Increasingly Interested in Bitcoin
Previously, Indodax assessed that the United States Securities and Exchange Commission (SEC) approval of Ethereum Exchange-Traded Funds (ETF) could expand developers into the ecosystem and increase the number of investors.
Additionally, SEC approval of an Ethereum ETF could boost Ethereum demand and price. Based on monitoring on May 27, 2024, the price of Ethereum shot up 3.72 percent to USD 3,910 in the last 24 hours. During the week, the price of ethereum soared 26.58 percent.
Previously, when the SEC announced that it was asking exchanges to complete documents 19B-4 and S1 for the Spot Ethereum ETF, the price of Ethereum had jumped by around 26 percent at the end of May 23 2024 to a price of around IDR 63 million, as quoted by Antara, Monday (27/5/ 2024).
“The SEC's approval of the Ethereum ETF increases demand and drives prices up,” said Indodax CEO Oscar Darmawan.
He added that this not only shows that regulators are increasingly accepting the existence of digital assets, but also opens up new opportunities for investors to diversify their portfolios in a safe and secure way.
The SEC has approved eight Ethereum ETFs, including from well-known investment management companies such as BlackRock and Fidelity, Grayscale, Bitwise, VanEck, Ark, Invesco Galaxy and Franklin Templeton.
This decision marks a significant step forward in the acceptance and adoption of crypto assets, particularly Ethereum, in traditional financial markets. Oscar said, Ethereum, as one of the largest crypto assets after Bitcoin (BTC), has shown extraordinary growth and potential.
Indodax Says Institutional and Retail Investors Are Increasingly Interested in Bitcoin
Follow TODAYSGIST on Google News and receive alerts for the main trending news on cryptocurrency, market trends, upcoming events, predictions, sanctions and lots more!
SHARE POST AND EARN REWARDS:
Did you like this post?!!! Join our Audience reward campaign and make money reading articles, shares, likes and comment >> Join reward Program
FIRST TIME REACTIONS:
Be the first to leave us a comment, down the comment section. click allow to follow this topic and get firsthand daily updates.
JOIN US ON OUR SOCIAL MEDIA: << FACEBOOK >> | << WHATSAPP >> | << TELEGRAM >> | << TWITTER >
#Indodax #Institutional #Retail #Investors #Increasingly #Interested #Bitcoin
- usa today entertainment3 months ago
Angry Birds Mystery Island (TV series 2024) Download Mp4 ▷ Todaysgist
- usa today entertainment3 months ago
Tour de France Unchained (2023) (French) (TV series) Download Mp4 ▷ Todaysgist
- usa today entertainment3 months ago
Mayor of Kingstown (TV series 2021) Download Mp4 ▷ Todaysgist
- Trend tech & Telecoms3 months ago
4 Indonesian Free Fire Teams Ready to Compete in the 2024 Esports World Cup
- usa today entertainment3 months ago
Raising Voices (2024) (Spanish) (TV series) Download Mp4 ▷ Todaysgist
- usa today entertainment3 months ago
Worst Roommate Ever (TV series 2022) Download Mp4 ▷ Todaysgist
- usa today entertainment3 months ago
Shoresy (TV series) Download Mp4 ▷ Todaysgist
- usa today entertainment3 months ago
Hitler and the Nazis, evil on trial (TV series 2024) Download Mp4 ▷ Todaysgist