SEC Commissioner predicts early improvements for crypto ETFs under new leadership

Changes such as staking for Ethereum ETFs and in-kind redemptions for Bitcoin products will likely to happen early on, says Hester Peirce.

Dec 21, 2024

Happy Saturday!

In today's CryptoSlate newsletter, we explore transformative developments in the cryptocurrency sector. SEC Commissioner Hester Peirce forecasts early advancements for crypto ETFs, including staking options for Ethereum and in-kind redemptions for Bitcoin, signaling a shift under new leadership. Meanwhile, Marathon Digital is making waves by heating 80,000 homes in Finland with the excess heat generated from Bitcoin mining, showcasing a sustainable model for energy efficiency. Cathie Wood of Ark Invest predicts Bitcoin could soar to $1 million by the decade's end, fueled by its scarcity and growing institutional interest. Lastly, upcoming EU regulations may disrupt liquidity, particularly affecting Tether's USDT, as exchanges prepare for potential market fragmentation. Stay tuned for more insights on these significant stories!

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The global crypto market cap is $3.36 trillion, with a 24-hour volume of $205.55 billion. The price of Bitcoin is $97,371.57, and BTC market dominance is 57.5%. The price of Ethereum is $3,385.10, and ETH market dominance is 12.2%. The best-performing sector is Gambling, which gained 16%. The Crypto Fear & Greed Index is currently Greed (73).