Cryptocurrency News Today TheBitTimes.com

Fundstrat CIO Tom Lee said Ethereum is entering a “supercycle” as BitMine Immersion Technologies’ ETH holdings topped 2 million and Cathie Wood’s ARK Invest bought $4.4 million BMNR. “Ethereum is one of the biggest macro trades over the next 10-15 years,” said Lee, who is also Bitmine’s chairman, in a press release. “Wall Street and AI moving onto the blockchain should lead to a greater transformation of today’s financial system. And the majority of this is taking place on Ethereum.” BitMine shares jumped 4% on news that its ETH treasury stash had crossed 2 million ETH worth and that Cathie Wood’s ARK Invest had added to its BMNR holdings with another buy yesterday. BMNR share price (Source: Google Finance ) BitMine Doubles Down On Ethereum Strategy BitMine is currently the largest Ethereum treasury firm globally. In a Sept. 8 post on X, the company announced that its massive ETH stockpile reached 2,069,443 ETH....

Bitcoin ETF s have gained popularity recently. Large asset managers, including BlackRock and Fidelity, recently filed for Bitcoin ETF s. Additionally, both utilized Coinbase in their SSA proposals. That’s not all; according to the latest report, crypto asset manager Valkyrie also filed for a spot bitcoin ETF. The surge in filings also comes at a time when there is regulatory uncertainty concerning cryptocurrencies in the US. Also read: Dogecoin’s Next Hurdle: Trader Anticipates 10-Cent Milestone However, according to recent revelations, Cathie Wood ’s ARK Invest seems to be at the forefront of the Bitcoin ETF race. Source: Barron’s ARK Invest could be the first issuer of a spot Bitcoin ETF According to Yassine Elmandjra, an analyst at ARK, both ARK, and 21Shares, a European asset manager, submitted an application for a spot Bitcoin ETF to the U.S. Securities and Exchange Commission (SEC) in April. This development positions them as potential frontrun...