Grayscale Bitcoin Trust navigates stabilizing outflows amidst SEC-approved rivals and intense competition from BlackRock and Fidelity. Plans for Bitcoin Mini Trust and spot ether ETF in progress as CEO Sonnenshein anticipates fee reduction in mature markets.
The potential security classification of Ethereum by the SEC poses challenges for Web3 innovation. Regulatory uncertainties, including the impact on dApps and decentralization, could shape the future of the crypto space and influence global blockchain regulations.
In the last 24 hours, the market cap of Bitcoin, the world s largest cryptocurrency, surged to $1.323 trillion. Bitcoin s dominance is currently 52.85%, according to CoinMarketCap. BTC volume in the last 24 hours rose 12% to $35.14 billion.