Sunday, 14 July 2024
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Shiba Memu’s presale and SEC’s latest Bitcoin ETF news

Dogecoin and Shiba Memu (SHMU)– what’s the price outlook?

  • Shiba Memu on the cusp of market debut as SEC sets deadline for ETF amendments.
  • The SHMU presale ends on December 30, 2023, with debut on crypto exchanges to follow.
  • The SEC has asked spot Bitcoin ETF applicants to submit final changes by December 29, 2023.

The crypto market is eyeing what could be a 2024 bonanza, with bullish sentiment around the SEC’s potential approval for a spot Bitcoin ETF the leading catalyst. Alongside a few attractively poised altcoins is Shiba Memu, a presale token that’s on the cusp of its market debut.

Here’s a highlight of the latest crypto news likely to be key this week. Also assess Shiba Memu presale, now down to just three days.

SEC sets Dec. 29 deadline for spot Bitcoin ETF amendments

The anticipation for a first spot Bitcoin exchange-traded fund (ETF) for the US market is set to rise further this week. This is after it emerged that the Securities and Exchange Commission (SEC) has asked all applicants seeking to list the ETF to file amendments to their filings by December 29, 2023.

SEC’s reported deadline for applicants comes after the regulator held multiple meetings with various firms looking to offer spot Bitcoin ETFs last week.

At least two companies were reportedly asked to submit final changes to their appplications by the stated date. Participants during the last meeting with the SEC were told that any applicant that fails to file final amendements by this Friday should not expect to be among the “first wave” of potential approvals.

While the crypto market buzz has cooled amid the holiday trading lull and as Mt.Gox reportedly begins to repay some of its creditors, the overall outlook is that Bitcoin is poised for a prolonged dose of upside pressure.

The altcoin market is similarly poised, and investors out to unlock the next bull cycle gem are betting big on low cap bargain tokens.

Shiba Memu: On the cusp of presale success

Meme tokens have exploded onto the scene in recent months, with resurgences for Dogecoin and Shiba Inu paled…

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