1️⃣Bloomberg ETF analyst James Seyffart indicated that the SEC's approval of Ethereum futures ETFs implies acceptance of Ether as a commodity.
🪂This suggests a potential approval for a spot Ether ETF in 2024. Seyffart also predicts approval for spot Bitcoin ETFs by January 10.
2️⃣Grayscale has listed Grayscale Bitcoin Trust (GBTC) on its retail platform, potentially signaling its upcoming approval.
3️⃣Shanghai introduced new policies that aim to advance blockchain and Web 3.0 technologies.
🪂The measures include the construction of citywide blockchain infrastructure, fostering innovative Web 3.0 ecosystems, and supporting businesses engaged in developing decentralized applications and smart contracts.
