Big Names Talk Potential Impact of ETFs on BTC Price, Solo Miner Pulls Down Lucky Block Reward, and More — Week in Review

Global concern slope JPMorgan has noted that SEC support of a spot bitcoin exchange-traded money (ETF) could “put terrible downward unit connected bitcoin prices.” Conversely, Standard Chartered Bank sees “price upside” related to specified an support from the United States Securities and Exchange Commission. In different news, a solo bitcoin miner has snagged a artifact reward with conscionable 0.0004% of the network’s hashpower. This and much conscionable below, successful the latest Bitcoin.com News Week successful Review.

JPMorgan: Spot Bitcoin ETFs Could Put ‘Severe Downward Pressure connected Bitcoin Prices’

Global concern slope JPMorgan has cautioned that the support of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) could “put terrible downward unit connected bitcoin prices.” The bank’s analysts estimation that billions of dollars could exit the crypto marketplace aft Grayscale Investments converts its bitcoin spot (GBTC) into a spot bitcoin ETF.

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With Just 0.0004% of Bitcoin’s Hashpower, Solo Miner’s 2 PH/S Effort Secures Block Reward

On November 26, 2023, a changeable of singular luck befell a solo miner erstwhile they discovered artifact 818,588, verifying a full of 4,193 transactions. This accomplishment garnered the miner a full of 6.887 BTC, inclusive of the 6.25 BTC subsidy and transaction fees.

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Standard Chartered Anticipates Bitcoin Reaching $100,000 Sooner Than Expected

Standard Chartered Bank has doubled down connected its bitcoin terms forecast of $100,000 adjacent twelvemonth with accrued optimism connected the timing. “We present expect much terms upside to materialize earlier the halving than we antecedently did, specifically via the earlier-than-expected instauration of U.S. spot [bitcoin] ETFs,” the bank’s expert described.

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Blackrock Pushes to Use In-Kind Creation Method for Spot Bitcoin ETF: Report

Blackrock, the world’s largest plus manager, has reportedly pushed for utilizing the in-kind instauration method for its bitcoin exchange-traded money (ETF), diverging from the currency instauration exemplary favored by the U.S. Securities and Exchange Commission (SEC). According to reports, Blackrock and different spot bitcoin ETF applicants precocious met to sermon their applications with the SEC.

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What effect bash you expect spot bitcoin ETFs to person connected crypto prices? Be definite to fto america cognize successful the comments conception below.