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Tokoni Uti

Tokoni Uti
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Tokoni Uti began writing at the age of 11. Her work and poetry have appeared in the Huffington Post, the Los Angeles Free Press, and Refinery29 among others. Contact: Tokoni.Uti@zycrypto.com
As the Transition to Proof-of-Stake Nears, Ethereum Will See 99.95% Decrease in Energy Use

As the Transition to Proof-of-Stake Nears, Ethereum Will See 99.95% Decrease...

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Once Anti-Crypto Bank Wells Fargo Planning To Onboard Bitcoin For Its Wealthy Clients

Once Anti-Crypto Bank Wells Fargo Planning To Onboard Bitcoin For Its...

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MicroStrategy continues relentless pursuit of Bitcoin with a new $10 million purchase

MicroStrategy Keeps Buying The Dip – Spends Another $10 Million On...

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Marvel Icon Behind Batman, Green Lantern To Launch Exclusive Comic NFT Collection

Marvel Icon Behind Batman, Green Lantern To Launch Exclusive Comic NFT...

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What Happens When The USA Finally Introduces A Bitcoin ETF

An ETF Approval Is The Next Major ‘Rocket Fuel’ For Bitcoin:...

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ETF is the ‘Rocket Fuel’ for Bitcoin, Says Global Marco CEO There are a number of milestones that bitcoin lovers anticipate happening in the next decade. These include bitcoin being accepted by more merchants for payment for goods and services, bitcoin being added to the balance sheets of prominent companies, and of course, the bitcoin exchange-traded fund. The bitcoin ETF has been, thus far, one of the most elusive milestones for the crypto industry. Giant firms like Robinhood and Gemini have applied to the Securities and Exchange Commission in the United States for approval for an ETF but all have been denied. With the current rush of institutional support that bitcoin has seen in the last few months from companies like JP Morgan and Goldman Sachs, there is talk of more pressure being put on the SEC to approve a bitcoin ETF at some point. Incoming Rocket Fuel? Now, according to Global Marco CEO Raoul Pal, the ETF is the next rocket fuel for the market. An ETF, he said in a recent Twitter exchange, will lead to a brand new level of support for bitcoin as well as an increase in price. This was in response to a tweet that claims that bitcoin is consolidating in price ahead of an ETF approval. “This is my view.. The ETF is the next rocket fuel for this market. The Wall of Money keeps coming but it takes time for everyone to get internal approvals. I have so many conversations helping hedge funds, Family Offices and Asset Managers each week. All happening and more…” he said. Bitcoin, in the last few months, saw a significant bull run and a new all-time price high of over $65,000 per token. Now, the price hovers around $50,000 and has remained steadily in that price range for the last few weeks. Some believe that the market is prepping for another bull run but needs something to trigger it and Pal feels that the ETF is what is needed. Regardless of what the price effect will be of an ETF approval, it cannot be denied that it will make it easier for investors to put money into bitcoin and other cryptos and will also lead to even more mainstream acceptance for bitcoin.

Samsung Galaxy Smartphones To Support Crypto Hardware Storage Device, Ledger

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MoneyGram Debuts Cash-For-Bitcoin Trades At Over 12,000 Locations

MoneyGram Debuts Cash-For-Bitcoin Trades At Over 12,000 Locations

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Software Giant Palantir Joins the Bitcoin Race, Hints At Gigantic BTC Buy

Software Giant Palantir Joins the Bitcoin Race, Hints At Gigantic BTC...

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Just Like PayPal, eBay Looking to Storm Vibrant Trillion-Dollar Crypto Market

NFTs Land Great Feat On eBay

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Swiss Financial Giant UBS Wants to Offer its Wealthy Clients Exposure to Cryptocurrencies

Swiss Financial Giant UBS Wants to Offer its Wealthy Clients Exposure...

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My Clients Care About Bitcoin, I Don’t: JPMorgan CEO Jamie Dimon

My Clients Care About Bitcoin, I Don’t: JPMorgan CEO Jamie Dimon

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Defi On Bitcoin Shoots Up As RSK Surpasses Lighting Network Total Value Locked In BTC

Defi On Bitcoin Shoots Up As RSK Surpasses Lighting Network Total...

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CoinGecko's COO Expects Bitcoin To Reach $100k With These Factors In Play

Bitcoin Accelerates Towards $60k As Bulls Blow Hot – How Near...

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XRP Enthusiast Starts Petition Asking Incoming SEC Chairman Gary Gensler To Withdraw Ripple Lawsuit

Ripple’s Garlinghouse Says Lack Of Clarity In U.S. Regulation Of Crypto...

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