BlackRock Files for Spot Ethereum ETF
BlackRock, the world’s largest asset management company, has applied for a Spot Ethereum Exchange Traded Fund (ETF). Following BlackRock’s completed institutional filing in Delaware on behalf of ETFs, Nasdaq completed its formal filing with the SEC for the fund by submitting a Form 19-b. While Blackrock has increased its interest in crypto assets, especially since the summer, Spot Bitcoin ETF applications are expected to be accepted until January at the latest. Ethereum managed to rise above the $ 2100 level with an increase of nearly 10% after the application announcement.
ARK Invest and 21 Shares Become Partners
Cathie Wood announced that Ark Invest will partner with 21Shares to offer a new suite of innovative exchange-traded funds (ETFs). These ETFs are designed to give investors access to digital assets in a variety of ways, including Bitcoin and Ethereum futures contracts and investments in blockchain-related companies. Leveraging on-chain indicators and their knowledge of the cryptocurrency landscape, the package is designed to provide long-term capital growth. This will be realized through strategic investments in futures contracts for Bitcoin and Ethereum, as well as the implementation of blockchain technologies. The ETFs resulting from this collaboration will be listed on the Chicago Board Options Exchange (CBOE), increasing investor accessibility.
Polygon Labs Grant Program for Developers
Ethereum scaling platform Polygon Labs has launched a grant program to entice developers to build applications in its ecosystem. Polygon Labs is offering a total of 110 million native token MATICs to projects in decentralized finance (DeFi), gaming, social media and more, valued at approximately $85 million at the time of writing.
New ETF Application from BlackRock
BlackRock has filed to register a new iShares Ethereum Trust asset in Delaware. The world’s largest asset manager is currently awaiting the SEC’s decision on the spot Bitcoin ETF application. A website of the Delaware Secretary of State’s Division of Corporations shows that BlackRock Advisors filed for the incorporation of an iShares Ethereum Trust today. The application shows that BlackRock could double the crypto market. The world’s largest asset manager is currently awaiting a decision from the Securities and Exchange Commission on its spot bitcoin ETF application. Major trading firms, including Jane Street, Virtu Financial and Jump Trading, are reportedly already in talks to provide liquidity to BlackRock’s proposed spot bitcoin ETF if it receives regulatory approval.
Sandbox’s New Strategy for Land Sales
Metaverse platform The Sandbox is launching a new movie-themed neighborhood with famous Hollywood brands such as “The Walking Dead”, “Black Mirror” and “Peaky Blinders”. In hopes of revitalizing interest in metaverse, The Sandbox has announced the launch of a new virtual neighborhood called “Cinerama” where users can register for a chance to purchase their digital property and then have the “opportunity to collaborate, share ideas and transform film.”
According to the announcement, the new digital neighborhood will feature well-known Hollywood brands such as “The Walking Dead”, “Black Mirror”, “Peaky Blinders” and “Cheech and Chong”. Major production companies such as Skydance and Lionsgate, the producers of “Top Gun” and “Terminator”, will also be partners.
XRP Ledger Continues to Gain New Integrations
XRP Ledger has signed a new integration. DappRadar, which describes itself as the “World dapp Store”, announced the integration of XRP Ledger. The move allows users to use DappRadar to track dApps and NFT collections on the XRP Ledger, allowing them to stay one step ahead of developments in the ecosystem.
Celsius to Emerge from Bankruptcy with Approved Repayment Plan
Crypto lending firm Celsius Network is on track to emerge from bankruptcy after its customer repayment plan was approved in Delaware bankruptcy court on Thursday. The plan, submitted to the bankruptcy court on October 2, envisaged the creation of a new entity with $450 million in financing. Called NewCo, the company will focus on Bitcoin mining and staking while being owned by Celsius’ once-abandoned customers and creditors.
Hong Kong Continues to Allow Crypto ETFs to Trade
Major banks UBS Group AG and HSBC are contributing to Hong Kong’s vision of a digital asset hub by enabling wealthy clients in Hong Kong to trade in certain crypto ETFs. Additionally, HSBC, Hong Kong’s largest bank, launched a Virtual Asset Investor Education Center to ensure that investors understand the risks before trading crypto.
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BITCOIN(BTC)
Bitcoin is priced at $ 36,713 with a 0.01% gain in value as of today morning hours. After yesterday’s ETF update news, it had risen as high as $ 37,500. This pullback is quite healthy and a positive sign for the price to move up. The rejection zone is a very strong supply zone and may be a bit difficult to overcome. For the upward movement to continue, pricing above $40,000 should be seen. If the downward correction will deepen, we may see a pullback to $ 33,000.
ETHEREUM(ETH)
ETH, which gained 0.53% as of morning hours, is priced at $ 2132. A high-volume breakout took place after BlackRock’s Ether ETF application. 2130 dollars is an important level and the last time it was able to reach these levels was in April. If there is a pullback, $ 2050 and then $ 2000 seem to be 2 very strong supports. In the continuation of the upward movement, it is very important to spend some time above $ 2160. Then, its medium-term target seems to be 3200 dollars.
RIPPLE(XRP)
XRP is priced at $0.6640 with a 0.35% gain as of morning hours. When we examined the daily chart, we said that $0.6740 was an important level and could work as support, but it went down to the red zone by experiencing a deeper retracement. The fact that the price is still above $0.65 is quite positive, and it now needs to sustain above $0.70. 0.7314 and 0.7950 may appear as resistance.
AVALANCHE(AVAX)
AVAX is priced at $ 13.26 with a 2.47% gain in value as of morning hours. Although it retreated to 11.80 with yesterday’s volatile movement, it is still priced above $13, which is quite good for the price increase to continue. At pricing above 13.80, we can now see $15 as the new target. If there is a pullback, 12.35 may work as support this time.
SOLANA(SOL)
SOL is priced at $ 46.90 with a gain of 3.53% as of morning hours. SOL, which rose above $ 45 after yesterday’s rise, is currently trading at $ 46.80, the resistance zone. When we examine the support levels, we come across the $ 45 level. If it falls below this level, a retreat to $ 42.50 levels may be possible. At the resistance levels, $46.80 and then the $47 level could work as resistance levels for SOL.
CHAINLINK(LINK)
As of morning hours, LINK is pricing at 14.350 with a 1.77% loss in value. LINK, which rose up to $ 15 with yesterday’s rise, fell below $ 15 with the selling pressure at the resistance level in the 15,300 region. The 15.300 region appears as a resistance level. With the crossing of this resistance zone, it can rise up to $ 16. When we examine the support points, it seems that the $ 13 and lower $ 13,500 levels are important.
TRX
TRX is pricing at 0.10003 with a gain of 1.15% as of morning hours. When we examine the daily chart, it made a good rise after breaking through the resistance zone. When we look at the resistance levels, it seems that the 0.10066 region is important. With an upward break of this zone, a rise towards the 0.11 level may be possible. The support zone is 0.09650. With a downward break of this level, there may be a retreat to 0.09390.
SAND
SAND is priced at $ 0.4169 with a 5.54% gain in value as of morning hours. When we examine the daily chart, we see that there is a good rise with the upward break of the 0.3386 zone. If SAND, which is momentarily above the 0.3960 resistance zone, maintains above this zone, it may be possible to rise up to 0.4360. When we examine the support levels, we come across the 0.3960 and 0.3690 regions. In case of a pullback, the reaction of these levels seems to be important.
