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7 minutes ago
Bitcoin ETF rule changes “could reshape the dynamics of cryptocurrency investing,” says Moody’s Investors Service SVP
Rajeev Bumrah, senior vice president, digital finance, Moody’s Investors Service It is said that there is a possibility of shaking the
This regulation has been closely monitored as it could give ordinary investors access to cryptocurrencies. Bumrah said the change could lead to more interest from financial institutions, which could lead to less volatility in the market.
“The SEC’s approval of the Spot Bitcoin ETF has the potential to simplify and secure Bitcoin investing for a broader investor base, reshaping the dynamics of crypto investing,” he said. There is a possibility.” “It has the potential to provide a reliable and transparent price discovery mechanism, which could lead to significant inflows from institutions interested in entering the crypto market. A highly liquid cryptocurrency market could become a reality, which could be a positive development for the digital financial ecosystem.”
Bumrah pointed out that Bitcoin and Ether have made cryptocurrencies the best-performing asset class in 2023. However, he said global monetary policy and the availability of cryptocurrencies to institutional investors will help determine whether the trend continues.
— Alex Harring
34 minutes ago
Stock futures trading remains largely unchanged
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