Bitcoin and Ethereum Hit Highs on Spot ETF News

Bitcoin and Ethereum Hit Highs on Spot ETF News

Seyffart also provided the list of existing ETH-spot ETF filings pending an SEC decision. VanEck, ArkInvest/21Shares, Hashdex, and Invesco/Galaxy have filed applications. Grayscale filed to convert the Ethereum Trust into a spot ETF.

Bloomberg Intelligence Analyst Eric Balchunas had this to say about the market reaction to the BlackRock filing,

“No shocker, Ether up 8% on the news, but the move started a good hour bf my QT or Summer’s original tweet. Not sure who was the original source. We scape all kinds of websites but not this one, so h/t to the person (whoever you are) who found it at 830 this morning.”

RocketFuel Partners with Ripple

On Wednesday, RocketFuel, Inc. announced a new partnership with Ripple. According to the announcement, the partnership will include adopting Ripple Payments to manage increasing demand for “faster, more reliable, and less expensive FIAT payments to merchants and partners globally.”

RocketFuel is a global provider of payment solutions via ACH bank transfers, Bitcoin, Stablecoins, and other cryptocurrencies.

Head of Payments Product at Ripple, Brendan Berry, said,

“Through partners like RocketFuel, we empower businesses globally by providing efficient and cost-effective payment solutions through the power of crypto and blockchain. Together, we are revolutionizing the way that value is exchanged around the world.”

MATIC Up 22% This Week

Polygon (MATIC) has gained 22% this week. News of Polygon Labs relaunching Polygon Village contributed to the upswing.

On Thursday, Polygon Labs announced the relaunch of Polygon Village, saying,

“Polygon Village is back, shinier, and better than ever. With a grant program of more than 110 million in MATIC, deep mentoring, and ecosystem support, Village is the home for Web3 founders.”

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