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Citizen Daily Brief

ETH Surges on ETF Approval ($)

gm Bankless Citizen, pinch us; we must be dreaming...
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Jan 10, 2024 β€’ 3 min read
ETH Surges on ETF Approval
Published on Jan 10, 2024
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NEED TO KNOW
Approved at Last!
  1. πŸ˜‡ ETF approval finally confirmed. Crypto sweated through it until the last second, but on Wednesday afternoon, all 11 spot BTC ETFs were approved by the SEC for trading across CBOE, NYSE, and Nasdaq exchanges. Yay!
  2. πŸ™ˆ X confirms SEC didn't have 2FA. The SEC's faux announcement probably could've been avoided if they had done the bare minimum security practices. X confirmed that the account didn't have 2FA enabled.
  3. πŸš€ ETH ecosystem rips. Which ETF got approved again? Arbitrum, Optimism, Rocket Pool, and Lido surged Wednesday.
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TODAY IN MARKETS
ETH Surges on ETF Approval

πŸ“Š ETF invigorates ETH. After a tumultuous morning with a preemptive approval notice from CBOE that was later walked back, spot BTC ETFs at long last received approval! Crypto has reached a historic milestone, but where does the industry go from here?

Prices as of 5pm ET 24hr 7d
Crypto $1.77T β†— 3.5% β†— 8.6%
BTC $46,450 β†— 0.9% β†— 8.8%
ETH $2,538 β†— 8.1% β†— 14.8%
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ANALYSIS
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PLAN AHEAD
ETF Livestream Tomorrow

Still not quite sure what to make of this ETF news?

Tomorrow at 7:30am PT / 10:30am ET, we're talking with Bloomberg's senior ETF analyst Eric Balchunas to get the full breakdown. Tune in live tomorrow morning πŸ‘‡

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

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