Welcome back to your Proactive Crypto Report with Natalie Stoberman!
On this Fourth of July we dive into the exciting world of cryptocurrency and witness the bullish rise of Bitcoin, surpassing $31,000, with Ethereum closely following, aiming for $2,000 territory. The recent surge in momentum could be attributed to asset management giant BlackRock's refiling spot Bitcoin ETF application.
However, the road to a spot Bitcoin ETF is not without its challenges. The SEC remains concerned about potential fraud and market manipulation, hence the hesitation on approving a spot Bitcoin ETF. But the pressure is mounting for the approval of a Bitcoin ETF with various companies vying for the SEC's green light.
Interestingly, Coinbase, which recently faced legal issues over unregistered securities offerings, finds itself entangled in this ETF frenzy. BlackRock and the Chicago Board Options Exchange has approached Coinbase to be their Market Surveillance Partner to address the SEC's concerns.
Join us as we closely monitor these developments in the crypto space and stay tuned for more exciting updates on the cryptocurrency market. Thank you for watching, and we'll be back soon with more!
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