Deadly Iran protests continue as Trump renews intervention threat

-
By JON GAMBRELL AP The death toll in violence surrounding protests in Iran has risen to at least 35 people, activists said Tuesday, as the demonstrations showed no signs of stopping. The figure came from the U.S.-based Human Rights Activists News Agency, which said more than 1,200 people have been detained in the protests, which have been ongoing for more than a week. It said 29 protesters, four children and two members of Iran’s security forces have been killed. Demonstrations have reached over 250 locations in 27 of Iran’s 31 provinces, The group, which relies on an activist network inside of Iran for its reporting, has been accurate in past unrest. A wave of protests sparked by Iran’s failing economy has continued for a ninth day, as President Donald Trump renewed his threat of US intervention. Trump warned on Sunday night that Iranian authorities would be “hit very hard” if more protesters died. “We’re watching it very closely. If they start killing people like they ...
Post a Comment

Bitcoin ETF Mania Sparks A Surge In Google Searches

-

The excitement surrounding the potential approval of a spot Bitcoin exchange-traded fund (ETF) located in the United States is developing, as evidenced by the spike in Google searches for this cutting-edge financial instrument. The increased interest from the general public and retail investors highlights the growing excitement about the possible early 2024 launch of a spot Bitcoin ETF.

According to Google Trends data, this week will mark the peak value of 100 for the global search value of the term “spot Bitcoin ETF” over a five-year period, indicating the highest level of interest among users.

The search value for “Bitcoin ETF” has also increased to 39, the highest level since ProShares’ futures-based ETF was launched two years ago.

Search Trends Highlight Enthusiasm

The increase in searches indicates that more people are actively looking for information on these financial products and how they can affect the market capitalization of Bitcoin, which is currently the largest cryptocurrency in the world.

After the US Securities and Exchange Commission missed a deadline to contest a significant legal setback, market players are becoming more optimistic that the SEC will approve a spot Bitcoin ETF early next year.

The fact that the deadline was missed has increased confidence and raised hopes for the ETF’s adoption in 2024, which will unleash a wave of liquidity.

Acceptance of a position a recurring topic in the cryptocurrency world is the Bitcoin ETF, which is frequently regarded as a gauge of the currency’s widespread acceptance. Leading asset management companies, such as Ark Invest and BlackRock, are vying for the top spots in ETF approval.

Cathie Wood takes charge of Ark Invest, and she has carefully modified its applications. An agreement with Coinbase that emphasizes the division of the trust’s assets from the custodian is one such modification.

This answers the SEC’s earlier worries about spot Bitcoin ETF applications lacking strong surveillance-sharing arrangements.

Looking Ahead: The Future Of Spot Bitcoin ETFs

The anticipation for the possible introduction of a spot ETF intensified around three months ago when significant participants in conventional financial markets, such as BlackRock, submitted applications for one.

This development helps explain why Bitcoin performs better than other cryptocurrencies in addition to shielding it from unfavorable macroeconomic developments.

The regulatory environment is still a major concern as excitement grows. The first Bitcoin ETF in the US is expected to be approved, and the cryptocurrency community is excited about this development, believing it will further establish Bitcoin’s standing in the mainstream financial industry.

The spike in Google searches is indicative of the growing interest in cryptocurrencies and the need for cutting-edge financial solutions.

To sum up, the growing demand for spot Bitcoin ETFs is evidence of how digital assets are developing and how they are being incorporated into conventional financial markets.

The future of spot Bitcoin ETFs is bright, with significant support from important stakeholders and a regulatory landscape that is rapidly embracing these innovations.

Featured image from Forkast News



from Bitcoinist.com https://ift.tt/0Rb5W6X

Comments

Post a Comment

Popular posts from this blog

Myanmar earthquake death toll rises as fresh tremors further complicate rescue efforts

-
Image
A5.1-magnitude earthquake struck near Mandalay, Myanmar’s second-largest city, on Sunday, according to the U.S. Geological Survey (USGS). The tremor was part of a series of aftershocks following Friday’s devastating 7.7-magnitude earthquake, which resulted in the collapse of numerous buildings and significant infrastructure damage. The death toll has risen to over 1,600, with more than 3,400 individuals reported missing; these numbers are expected to increase as rescue operations continue. Foreign rescue teams and supplies arrived in Myanmar on Sunday to help the impoverished country cope with an earthquake that killed over 1,600 and left many near the epicentre scrambling for help without proper equipment. The 7.7-magnitude quake, one of Myanmar’s strongest in a century, jolted the Southeast Asian nation on Friday, leaving 1,644 people dead, 3,408 injured and 139 missing, the military government said. India, China and Thailand are among Myanmar’s neighbours that have sent relief ...
Read more

Israel says situation on Lebanon border ‘not sustainable’

-
By James Mackenzie Reuters  Israeli officials and media reacted with satisfaction on Monday after a  long-expected missile attack  by the Iranian-backed Hezbollah movement appeared to have been largely thwarted by pre-emptive Israeli strikes in southern Lebanon. Both Hezbollah and Israel seemed content to let Sunday’s attack, in retaliation for the  killing of a senior Hezbollah commander  in Beirut last month, count as settled for the moment. Israeli government spokesperson David Mencer said Hezbollah had suffered a “crushing blow” from the Israeli strikes but that a longer lasting solution was still needed. “The current situation is not sustainable,” he told a briefing, referring to the tens of thousands evacuated from their homes in northern Israel, a situation mirrored on the other side of the border in southern Lebanon. “Israel will do its duty and return its population to our sovereign territory.” Hopes that children might return for the start of the ...
Read more