FameEX Morning Crypto News Recap | January 3, 2024

Grayscale Modifies Spot Bitcoin ETF Application, Omits Crucial Details

Grayscale Investments, a cryptocurrency asset management firm, recently revised its spot bitcoin ETF filing to be considered in the first round of approvals by the U.S. Securities and Exchange Commission (SEC). Despite this update, Grayscale has left out some critical details that the SEC requires, which other asset managers have provided, such as information about authorized participants.

AI Cryptocurrency Assets Surge by 540% in Less Than a Year, Reaching a $7 Billion Market Capitalization

In just 34 days since November 29, 2023, the market capitalization of AI-focused cryptocurrencies has risen sharply by $1.75 billion, signaling robust growth in the AI crypto sector. Among the top ten AI tokens, most have seen significant increases, with over half registering double-digit gains. The Graph (GRT) stands out as the top performer, achieving a remarkable 40.73% growth in the past month.

Billionaire Stelian Balta Views Bitcoin as a 'Compelling Choice for National and Corporate Financial Portfolios'

Billionaire Stelian Balta, co-founder of Hyperchain Capital, acknowledges Bitcoin's volatility but also highlights its potential in diversifying and aligning investment portfolios with digital trends. He emphasizes Bitcoin's high-return potential, making it an attractive option for both national and corporate financial portfolios, according to his recent statements.

CBOE Digital Predicts Pension Funds Will Be Drawn to Bitcoin Spot ETFs

John Palmer, President of CBOE Digital, predicts that the approval of the first U.S. spot exchange-traded fund (ETF) for cryptocurrency could attract a wave of new institutional investors. He anticipates that this includes pension funds and registered investment adviser-based vehicles, which are likely to be drawn to Bitcoin assets following such regulatory approval.