Prices for crypto assets rallied for the second week in a row, driven by speculation on whether or not asset management titan BlackRock will launch a Bitcoin spot ETF in the U.S. soon. Several companies have filed recent applications with the SEC, and the U.S. Court of Appeals recently issued its highly anticipated order for the SEC to review Grayscale’s application. Cloud software company MicroStrategy’s $5 billion Bitcoin war chest went back in the green, and Bloomberg ETF expert Eric Balchunas spotted something interesting on BlackRock’s recently amended prospectus for its ETF application. Public funds were also up on Monday, according to a screenshot tweeted by @PillageCapital. Blockchain sleuth @ZackXBT tracked some hefty darkweb money flows, while crypto journalist Joe Light noticed that a ticker for BlackRock’s iShares Bitcoin Trust, IBTC, was listed by the Depository Trust & Clearing Corporation (DTCC). Fallen crypto lender BlockFi announced its emergence from bankruptcy, while pro-crypto Republican and House Majority Whip Tom Emmer tweeted his unambiguous support for Trump in next year’s Presidential elections. An ominous video of a man explaining how a hybrid AI/crypto scam targeted him made the rounds on several social media platforms, including Twitter. An account claiming to act as a whistleblower uncovering “the nefarious acts of Su Zhu, Kyle Davies & Mark Lamb” hit Twitter with a laundry list of allegations on Thursday, and news broke that Ryder Ripps and Jeremy Cahen had failed to convince a U.S. District Judge that they hadn’t illegally appropriated Yuga Labs’s trademarked BAYC franchise. This news is good for crypto investors, as it shows that institutional investors are taking an interest in the industry. It also shows that the SEC is taking crypto assets more seriously. #Crypto #BlackRock #Bitcoin #ETF #SEC
You can read more about this topic here: Decrypt: This Week on Crypto Twitter: ETF Preppers and Whistleblowers
