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BlackRock Amends ETF Application, Inscriptions Overwhelm Multiple Blockchains

Dec 19, 2023
Market Update U.S equities are seeing a modest increase, while interest rates have dipped following the Bank of Japan's decision to maintain its key interest rate at -0.1% and keep its existing yield curve control policy intact. Meanwhile, cryptocurrency markets are seeing a rise, fueled by ongoing positive sentiments regarding the potential approval of a near-term Bitcoin ETF. This optimism has been bolstered by BlackRock amending its application to incorporate cash creations/redemptions, and Bitwise introducing the inaugural advertisement for a Bitcoin ETF product. $BTC gained 0.7% over the last day to reach $41.9k, while $ETH is underperforming, falling 0.6% to $2.15k. $SEI is the largest gainer in the top 100 today, rising 47.5% in anticipation of Sei v2. Sei v2 represents a significant development that introduces a parallelized version of the Ethereum Virtual Machine (EVM). It merges the technological progress of Solana with the user-friendliness and popular developer support associated with EVM and Solidity. The primary goal of Sei v2 is to offer a high-performance blockchain, capitalizing on the most recent advancements in computational power.BlackRock made six critical changes to its filing for a spot Bitcoin ETF. These changes address SEC concerns and attempt to demonst

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