Weekly Briefing: Bitcoin spot ETF 90% shot at approval in January 2024: Bloomberg analysts
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Here’s a recap of the stories we are watching:
Bloomberg analysts say there’s a 90% chance of a Bitcoin spot ETF approval as the SEC works with issuers.
Mastercard trials CBDC transactions on Ethereum connecting traditional finance with the open crypto world.
MetaMask & Stripe add one-click dollar trading, bringing crypto closer to mainstream adoption.
Let’s dive in.
- Bitcoin spot ETF 90% shot at approval in January 2024
- Mastercard tests CBDCs on Ethereum in Australia pilot
- MetaMask & Stripe launch US fiat on-ramps
Data powered by CoinGecko.
Bitcoin spot ETF 90% shot at approval in January 2024
Bloomberg ETF experts say there’s a 90% chance we will see a Bitcoin spot ETF approved within three months.
Bernstein, a multi-billion dollar fund, thinks a Bitcoin ETF could unlock $600B in new demand and Grayscale says that 77% of Americans would be more likely to invest in BTC if they could buy it via a spot ETF. [link]
Mastercard tests CBDCs on Ethereum in Australia pilot
The payments giant’s CBDC experiment on private and public blockchains was deemed successful.
After CBDCs were limited to centralized chains, Mastercard now expands to decentralized crypto and interacts with Ethereum. [link]
MetaMask & Stripe launch US fiat on-ramps
Leading crypto wallet MetaMask partners with Stripe to allow 30M users to buy crypto with one click using US dollars.
Reputable fiat channels that simplify crypto purchasing are key to mainstream adoption. [link]