Tuesday, 27 February 2024

Crypto News

US sanctions Bitcoin ETF, NuggetRush set to cross $1.8M in investment

US sanctions Bitcoin ETF, NuggetRush set to cross $1.8M in investment

  • Bitcoin ETF has become a reality with the SEC approving its listing on major exchanges in the United States.
  • NuggetRush is the latest crypto sensation that has raised more than $1.8 million from eager investors.
  • As 2024 progresses, both NuggetRush and Bitcoin are expected to perform well this year.

The United States on 10 Jan 2024 decided to include Bitcoin in major investment funds by approving 11 Bitcoin exchange-traded funds (ETFs). By doing this, the SEC has allowed Bitcoin to be bought by a wide range of investors, from big pension funds to regular people.

Cryptocurrency fans are thrilled with this decision because Bitcoin is the best crypto investment to date. The US financial authority had previously turned down such requests, worried about the possibility of fraud and market manipulation. However, they have now given their nod and it’s finally going to be launched soon. Meanwhile, another development that has been the talk of the town is the massive presale success of an emerging altcoin called NuggetRush. It has crossed $1.8 million in investment till now and is considered a good cryptocurrency ICO for this year.

Let’s find out more about the Bitcoin ETF sanction and the hype around the NuggetRush presale.

Why is Bitcoin ETF news exciting for crypto fans?

ETFs are collections of investments that let people invest in various assets without actually owning them. They are sold on stock markets like regular shares, and their value changes based on the performance of the assets they include. An ETF might have different assets, like gold and silver, or shares from various sectors like technology and insurance. Some ETFs already include Bitcoin indirectly. However, a spot Bitcoin ETF will purchase Bitcoin directly at its current DeFi coin price.

Several investment firms, including big names like Blackrock and Fidelity, have been waiting for the SEC’s approval to include Bitcoin in their ETFs. After some discussion over the details, the first approvals have been granted. This has made it the best crypto for beginners who don’t have much knowledge about this industry. It means a new group of investors can now get into Bitcoin without the hassle of digital wallets or crypto exchanges. It’s expected that a lot of money will flow into the Bitcoin market as these financial firms begin to invest.

Some experts think this…

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