- SEC Approves Spot Bitcoin ETF: Historic Moment for Mainstream Cryptocurrency Integration.
- Bitwise and VanEck donate 10% of ETF profits to Bitcoin development. Philanthropy and finance meet.
- Meme Moguls is emerging as the world’s first meme-based stock market targeting 100x growth.
Following the U.S. Securities and Exchange Commission’s (SEC) approval of Bitocin, major asset management firm Bitwise allocated 10% of the profits from BITB, a recently approved Bitcoin ETF, to Bitcoin open source development. He expressed his intention to donate. ecosystem.
Bitwise said its Bitcoin ETF $BITB will begin trading from 01/11/24 to 07/10/24 with 0% fees (for the fund’s first $1 billion in assets, then 0.20% thereafter) .
Today we are excited to announce the Bitwise Bitcoin ETF. $BITB It plans to begin trading on January 11 with a 0% commission until July 10, 2024 (on the fund’s first $1 billion in assets, 0.20% thereafter).
Read the full prospectus and risk disclosure: https://t.co/QBzLCyzkN4https://t.co/DJI7L1l3DY
— Bitwise (@BitwiseInvest) January 10, 2024
These philanthropic efforts add a new dimension to the intersection of traditional finance and cryptocurrency, following a similar commitment from VanEck. Meanwhile, the emergence of Meme Moguls, a cryptocurrency platform that integrates memes and trading, promises to be a unique venture in the cryptocurrency space.
SEC approves spot Bitcoin ETF
In a historic move, the U.S. Securities and Exchange Commission approved a spot Bitcoin ETF, marking a monumental moment in the world of finance. This approval opens the floodgates for investors to participate directly in the cryptocurrency market through exchange-traded funds, providing a more regulated and accessible path to BTC investment.
This decision triggered a surge in the price of Bitcoin, briefly reaching the $47,000 level. Analysts expect capital inflows into the cryptocurrency space to increase as both institutional and retail investors explore newly approved financial products.
With markets speculating about a possible decline, the SEC’s approval signals that cryptocurrencies are becoming increasingly accepted and integrated into mainstream financial products.
Bitwise and VanEck donate 10% of profits to Bitcoin development
Bitwise’s commitment to donate 10% of BITB’s profits to Bitcoin development mirrors a similar plan by VanEck, another prominent financial institution. Both companies pledge to use a portion of their ETF profits to support Bitcoin’s open source development, demonstrating their shared vision for the continued growth of the cryptocurrency.
Bitwise, which applied for a spot Bitcoin ETF five years ago, sees the recent approval as an important milestone. The company envisions BITB as the best-suited ETF for the evolving cryptocurrency landscape, and these philanthropic efforts are consistent with the company’s commitment to fostering a strong Bitcoin ecosystem.
Bitwise will donate 10% of Bitwise Bitcoin ETF (ticker: BITB) profits to Bitcoin open source development.
Recipient Organization:
– @Bitcoin Blink
– @OpenSat
– @HRFBitcoin is important for the future. we are excited $BITB To support the foundation 👇 pic.twitter.com/JMzd4bMOB9
— Bitwise (@BitwiseInvest) January 10, 2024
These donations will benefit organizations such as Brink, OpenSats, and the Human Rights Foundation, highlighting the dedication to various causes within the Bitcoin community. Importantly, these contributions are provided without any strings attached, ensuring a transparent and altruistic approach to supporting fundamental aspects of the Bitcoin network.
Meme Tycoon: Where to Trade Memes
On another front, Meme Moguls introduces a new concept by combining memes with the trading ecosystem. Positioned as the world’s first meme-based stock market, Meme Moguls aims to harness the power of memes for financial gain. The platform offers a variety of meme-inspired assets, a trading platform, fantasy trader games, a casino, and a metaverse world known as Mogul Land.
Participants can accumulate $MGLS tokens by participating on the platform, staking tokens, and actively trading meme-inspired assets. Meme Moguls is focused on becoming the next 100x token and aims to create millionaires within the first 3 months of launch. The token economics of the ecosystem, with 60% allocated to pre-sale, represents a strategic approach to foster the growth of the platform.
Is Meme Moguls (MGLS) a good investment?
As the cryptocurrency market continues to witness innovative ventures, potential investors may be pondering whether Meme Moguls (MGLS) is a worthy addition to their portfolio, especially now that the US SEC has approved spot Bitcoin ETF trading. there is.
The platform’s unique features, including fantasy trader games, casinos, and the promise of creating millionaires, contribute to its appeal. However, as with any investment, individuals are advised to conduct thorough research given the risks inherent in the cryptocurrency market.
To invest in Meme Moguls (MGLS) tokens, visit the official website where token pre-sale is currently underway. The pre-sale is currently in phase 4 and the price of $MGLS tokens is $0.0027.