Cryptocurrency News Today TheBitTimes.com

Bitcoin surged past $81K, sending meme coins soaring amid buoyant crypto market sentiment in the aftermath of Donald Trump’s election win.  BTC jumped over 2% in the past 24 hours and 17% in the last week to trade at $81,123.49 as of 2:40 a.m. EST. BTC’s bullish momentum spilled over into the meme coin space, leading to a 19% jump in the lighthearted sector’s market capitalization , according to CoinGecko. Bitcoin Surge Fires Up Small-Cap Tokens Legacy meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE) and Dogwifhat (WIF) all printed strong 24-hour gains. DOGE emerged as the top performer among the big 4 meme coins with a 23% surge. But it was smaller-cap altcoins that led the sector’s rally. Act I The AI Prophecy (ACT) stole the show after it went ballistic and surged more than 1,177%. Newcomer Peanut The Squirrel came in second after it posted a 250% surge. Meanwhile, Sudeng (HIPPO), Kishu Inu (KISHU) and Dogelon Mars (ELON) recorded...

CEO and founder of ARK Invest Cathie Wood announced plans on Monday to launch five crypto currency-focused exchange-traded funds (ETFs) in partnership with 21Shares, a leading provider of crypto ETPs in Europe. The new ETFs will offer exposure to Bitcoin (BTC) and Ethereum (ETH) futures, as well as equities of companies involved in cryptocurrencies and blockchain technology. Wood believes these new products will appeal primarily to institutional investors, calling them “a dress rehearsal” for when U.S. regulators eventually approve a spot bitcoin ETF that directly holds the crypto currency. ARK has an application for a spot Bitcoin ETF pending with the Securities and Exchange Commission (SEC). Wood says the SEC has been asking more substantive questions of late, rather than outright rejecting applications as in the past. You might also like: Bitcoin ETF optimism sparks bullish run, GFOX and LINK gain momentum Wood believes the SEC’s main concern under...

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...