Bitcoin ETF Hopes Rise as BlackRock Application Gains Traction; Lawmakers Urge DOJ Investigation of Binance, Tether

The possibility of a Bitcoin ETF being approved by the SEC has caused excitement among investors, with BlackRock’s application gaining traction.

While some believe that a Bitcoin ETF could attract significant capital into the market, others are more skeptical, pointing to the underperformance of spot crypto ETFs in Canada and Europe.

However, experts agree that in the long-term, the approval of a Bitcoin ETF would be beneficial for the cryptocurrency.

U.S. lawmakers have urged the Department of Justice to continue investigating Binance and Tether for their alleged involvement in funding Hamas.

Solana Labs has launched the Solana Incubator program, offering support for web and blockchain projects looking to build on the network.