Crypto Candidate" Ramaswamy Debuts Crypto Policy, BlackRock Eyes Ether ETF & Solana Spikes Post Praise
Summary:
U.S. Presidential candidate, Vivek Ramaswamy, asserts his stand as the 'crypto candidate', unveiling his "The Three Freedoms of Crypto" policy at the North American Blockchain Summit. BlackRock, has registered for a spot Ether ETF with the SEC, trailing its introduction of the iShares Ethereum Trust. Additionally, following commendation by ARK's Cathie Wood, the cryptocurrency Solana (SOL) witnessed a stark 20% rise. Wood also anticipates a potential 'sell on the news' event due to heightened market expectations for a Bitcoin ETF.
U.S. Presidential contender, Vivek Ramaswamy, has recently introduced his concept titled "The Three Freedoms of Crypto" at the North American Blockchain Summit in Texas, further emphasising his standing as the 'crypto candidate' in the electoral contest. On another front, world's largest asset manager, BlackRock, has lodged a Form-S-1 with the U.S. Securities and Exchange Commission (SEC), just a week after recording its iShares Ethereum Trust with Delaware's Division of Corporations. Concurrently, Cryptocurrency Solana (SOL) experienced a 20% leap following positive comments from Cathie Wood of ARK on CNBC.
During the blockchain summit, Ramaswamy's key point included discussing the use of crypto mixing, an anonymity tool for crypto transactions. He believes these mixers are a core American right protected by America's First Amendment, stating, “I believe code is a form of speech.”
In the meantime, BlackRock has officially sought a spot Ether ETF via the SEC on November 15. The goal of the Ether ETF, named the iShares Ethereum Trust, is to align closely with the performance of Ether price. BlackRock's move has closely followed its registration of iShares Ethereum Trust and comes approximately six months post filing for a Bitcoin ETF.
Simultaneously, Solana (SOL) has experienced significant gains, topping more than 17% increase following ARK’s CEO, Cathie Wood, applauding Solana’s network for its expedience and affordability, voicing her opinions on CNBC. During the interview, Wood put Ethereum and Solana in centerstage as critical layers of infrastructure and highlighted Solana's exceptional performance in recent market conditions.
Despite the general upward trend in the crypto market, Solana has outperformed other major cryptocurrencies with a towering monthly increment of 197%. Wood also touched on investors' heated anticipation for a spot Bitcoin ETF warning that a 'sell on the news' event might be possible.
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Published At
11/16/2023 7:58:54 PM
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