2 years ago Bitcoin hit its all-time high.
Now, crypto is closing the door on the bear market like Fed chair J Powell dropping the f-bomb on climate protestors disturbing his speech:
The bull market looks to be back on with rumors we could go from 0 spot Bitcoin ETFs to 12 by next week.
The ETF narrative is showing no signs of slowing down.
Here is your weekend crypto update…
Here’s what’s in today’s issue:
- Rebecca shares her thoughts on the 12 new Bitcoin ETFs potentially getting approved, Chainlink’s parabolic rally, XRP ripping, Binance’s web3 wallet & Circle’s IPO comeback.
- Altcoin alpha by David.
- This week’s airdrop by Jesse.
- Sam has an NFT report on whether or not Bitcoin Ordinals are back.
Thanks to Phemex for sponsoring today’s newsletter.
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👀 12 Bitcoin ETFs By November 17?
The 12 spot Bitcoin ETF applications could be approved sooner than you think.
An 8-day window just opened from November 9-17 where all spot Bitcoin ETFs could be approved at once by the SEC.
According to Bloomberg analysts, the end of the SEC’s comment period on the existing ETFs was November 8. Therefore, opening a short approval window until the first deadline approaches on 17 November for the remaining two ETFs: Hashdex and Franklin.
But even after approval, it could still take 1-2 months before an ETF is launched and available on the market to trade. So, we’re cutting it fine to see a Bitcoin ETF go live in 2023.
Bitcoin doesn’t care, it’s storming ahead anyway to another milestone.
BTC hit an 18-month high as the price hit $37K for the first time since May 2022. This is when Terra Luna collapsed and rumors began to circulate that Three Arrows Capital was going down.
And BlackRock is doing everything it can to keep us in bull market territory by taking steps toward a spot Ethereum ETF with a Nasdaq filing.
Because one thing Ethereum has that Bitcoin doesn’t is staking yield. It’s a pretty big move!
Whilst the SEC is actively working on the Bitcoin ETF applications, they’re struggling to hire crypto experts.
Get this, the SEC can only hire crypto experts willing to sell their crypto for the job. Good luck with that!
What are your thoughts on the BlackRock Ethereum ETF news? Reply to this email and let me know your thoughts.
🚀 Chainlink’s Parabolic Rally
Chainlink has broken its 28-month downtrend with weekly gains of 25% and 90% gains in a month! It’s now at a 19-month high.
Oracles are often overlooked and undervalued. They’re essential for mass Web3 adoption, but they certainly ain’t the shiny new thing.
Finally, it’s getting some attention. This is what’s been driving this insane LINK rally:
1. Grayscale’s Chainlink Trust
Institutional interest in LINK has skyrocketed. GLINK shares in Grayscale’s Chainlink Trust have been trading at a 200% premium compared to LINK’s market price.
2. Chainlink Partners with Vodafone
It’s been revealed that…
Hi! My name is Lark Davis!
I’m a cryptocurrency investor with years of experience and I’ve been making consistent profits in the crypto space.
I’m passionate about helping others do the same, so I run multiple educational channels on crypto investing.
