American investor, founder and CEO of Ark Invest, Cathie Wood, believes that the path of least resistance for the SEC regarding the Bitcoin spot ETF is to approve all or several of the applications it is currently considering. This and more news in this handy daily summary so that you are always informed with the most recent events that occur within the crypto world.
Will the SEC approve all Bitcoin spot ETFs?
📍During an interview with Bloomberg, Cathie Wood noted that the SEC could greenlight multiple Bitcoin ETF applications. According to the investor, the US securities regulator, headed by Gary Gensler, could make the decision to approve all current applications to create a Bitcoin spot ETF at once, because this is the path of least resistance for the regulator.
Wood told his interviewer that if the SEC is going to approve a Bitcoin spot ETF, then it will most likely approve more than one at a time. “Most of these (ETFs) will essentially be the same and it will come down to marketing and communicating the message,” he noted.
In the middle of last month, the SEC formally recognized the multiple applications it has received to launch a Bitcoin spot ETF in the United States, from companies such as BlackRock, Fidelity, WisdomTree, VanEck, Bitwise, Invesco, Valkyrie Investments and also Ark Invest.
Although the SEC has rejected dozens of applications for a Bitcoin spot ETF, the crypto community remains optimistic that the regulator can still approve a Bitcoin exchange-traded fund on U.S. soil, opening the doors to investors in the Bitcoin market.
Interest in cryptocurrencies is growing among Latinas
📍More than half of Latinas have an appetite for cryptocurrencies. According to a study conducted by Bitso, 71% of women in Latin America allocate 3% or more of their investments to cryptocurrencies, while 45% of these women are preparing to acquire more cryptocurrencies in the near future.
The company highlighted the growing female participation in the world of cryptocurrencies, especially in Latin America, where more and more women are or want to allocate part of their funds to investing in cryptoassets. Like men, Latin women see cryptocurrencies as a more accessible way to make payments and preserve their value against inflation.
Last month, this media reported that, in Spain, women They prefer diversity when investing in cryptocurrencies, which is why they own a greater variety of cryptocurrencies than men.
Tracking carbon credits on blockchain
📍The UAE government will use the Venom blockchain to track carbon credits. The country will develop a new blockchain-based carbon credit system to ensure compliance with its environmental goals, with the aim of offsetting and significantly reducing its carbon emissions over the next decade.
According to the Middle East Institute (MEI), blockchain will help the UAE step up its efforts to accelerate its transition to a greener economy.
The digital ruble already has an official logo
📍The Bank of Russia has unveiled the logo that will officially represent the digital ruble. Russia continues to move forward with its plans to issue a CBDC digital currency and has now unveiled the official logo that will be the face of this new form of money.
The logo of the Russian CBDC uses a circle with the symbol representing the Russian ruble on the international market. The ruble symbol is shifted to the left inside the circle, the Bank of Russia explained in a statement. release.
The unveiling of this logo shows the country's continued progress in developing its CBDC, which was declared legal tender at the end of July and entered the testing phase earlier this month, following the signed law by President Vladimir Putin.
Continue reading: Messari: Cardano has proven to have “staying power”
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