According to a Nov. 8 filing, United States regulators are reviewing a request to list the first options tied to spot Ether ETH $3, 035.21 exchange-traded funds (ETFs) on NYSE American’s securities exchange.
The filing said that if approved, NYSE would be authorized to list options on Bitwise Ethereum ETF (ETHW), Grayscale Ethereum Trust (ETHE), Grayscale Ethereum Mini Trust (ETH), and “any trust that holds Ether.”
After Donald Trump's presidential win, the SEC’s decision is the latest sign the agency may be softening its stance on cryptocurrency products, particularly because he is crypto-friendly.
BlackRock’s Bitcoin ETF flips gold fund
As per the data from BlackRock shows, BlackRock’s Bitcoin BTC $76, 503 exchange-traded fund (ETF) now holds more assets than the asset manager’s gold ETF despite only launching in January.
IShares Bitcoin Trust (IBIT) exceeds $33 billion in net assets as of Nov. 8, surpassing iShares Gold Trust (IAU), which holds just shy of that amount, according to iShares.
Nate Geraci, president of The ETF Store, said in a Nov. 8 post on the X platform that It’s an “absolutely wild” feat because IBIT launched only 10 months ago, whereas IAU has been trading since 2005.
The crypto market surged following Donald Trump’s victory in the United States presidential election, as many believe his win will benefit the industry, Cointelegraph Research said.
Whales drive NFT comeback on BNB Chain in Q3: Messari
In the third quarter of 2024, the BNB Chain experienced a remarkable increase in non-fungible token (NFT) trading volumes, soaring by 283 per cent to a daily average of $600,400, as reported by blockchain analytics firm Messari. Average daily sales also rose by 47 per cent quarter-on-quarter, reaching 8,900.
However, the number of average daily buyers fell sharply by 53 per cent to 2,300, indicating that the surge in NFT activity was primarily driven by larger investors or "whales" rather than smaller participants.
Despite this significant growth, BNB Chain's total NFT trading volume for the quarter was $55.2 million, which still lags behind other major networks. Ethereum and Bitcoin recorded trading volumes of $120.7 million and $74.6 million, respectively, over the past 30 days.
Other chains like Solana, Mythos Chain, Polygon, and Immutable also surpassed BNB Chain during this period.The overall performance metrics for BNB Chain showed mixed results.
The network's revenue declined by 27.9 per cent quarter-on-quarter to $34.9 million, largely due to a 27 per cent drop in gas fees from decentralized finance transactions. Additionally, average daily active addresses decreased by 19 per cent to approximately 900,000, while average daily transactions fell by 8.1 per cent.
