💸Ethereum ETF approval will set stage for 💰 Solana ETF, commodity classification

According to a recent Bernstein report, the approval of a spot Ethereum (ETH) exchange-traded fund (ETF) in the US may establish a precedent for classifying Solana (SOL) as a commodity. The classification of cryptocurrencies as either securities or commodities holds significant implications. Commodity classification facilitates ETF applications and approvals, while security classification subjects assets to stricter SEC oversight.

💰 Grayscale spot bitcoin ETF inflows may be result of short-term trading: Bloomberg ETF analyst☄️Grayscale’s spot bitcoin ETF ended a 78-day streak of outflows after registering two consecutive days of net inflows. Bloomberg ETF Analyst James Seyffart told The Block while he's not absolutely sure what might have caused the swing, there could be a few different explanations. "It could be a short-term tactical trade or pairs trade of sorts. Where the fee is far less relevant over shorter time frames," he said👀

*💰 *Spot bitcoin ETFs see reduced daily outflows, totaling $34 million🔼Spot bitcoin exchange-traded funds (ETFs) in the U.S. experienced a net outflow of $34.4 million on Thursday, indicating a slowdown compared to the previous day’s record outflows. BlackRock and Fidelity’s bitcoin funds, which are ranked second and third in terms of total net assets, both recorded zero flows on Thursday. Bloomberg’s ETF analyst James Seyffart previously explained that a day of zero flows is normal in ETFs 📈

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📌#BTC Quick Update:

BTC has rejected from the 73k level now for the BTC the 67888 level is very important to hold the 200 EMA is also aligning + we have a trendline support there if this region breaks then the structure will break and then we will expect further rejection to the lower levels.

As the market looks extreme volatile it is important to use tight sl's in the trades and wait for the daily closure.

WAVES/USDT Update:

The current trading price for WAVES is approximately $3.35. WAVES appears to be following an ascending triangle pattern on the 4-hour time frame. Potential scenarios include a bullish momentum if the price breaks out of the triangle, or a bearish momentum if it breaks down. Stay updated with us for more insights. ✔️

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📌Binance Will List Jupiter (JUP) with Seed Tag Applied
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