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ProShares has applied to list three innovative Bitcoin-linked ETF products, signaling a bullish future for cryptocurrency on Wall Street. These new offerings include the S&P 500 Bitcoin ETF, the Nasdaq-100 Bitcoin ETF, and the Gold Bitcoin ETF. With a blend of traditional stock and gold reserves, each product uniquely combines short USD positions with long Bitcoin stances through Bitcoin Futures, a move celebrated by ETF Store President Nate Geraci as pioneering “BTC hedged ETFs.”

Recent SEC approvals for spot Bitcoin and Ethereum ETFs have accelerated the pace of crypto ETF filings, expanding to include diverse assets like Litecoin and XRP. ProShares’ latest filings coincide with predictions of increased ETF approvals under the SEC’s new chairman next year. This trend reflects a growing alignment between cryptocurrency investments and mainstream financial products.

Market experts are optimistic about the potential mainstream adoption of Bitcoin, spurred by asset managers dedicating a significant portion of their AuM to cryptocurrency. This shift is supported by strong institutional interest, with firms increasingly investing in Bitcoin through ETFs, complementing robust buying from entities like MicroStrategy.

Whale Alert: 1,000 BTC valued at 94,740,651 USD moved from Binance to unknown wallet

Post author By WhaleAlerts
Post date 1Y

Transaction URL: https://blockchain.com/btc/tx/313a337d79c5e7b9662071dddffe624536bce04edd74187be7466d1ea4e9182c

Crypto Price Predictions for 2025

Post author By cryptocrunchtrends
Post date 1Y

‘Agents’ swarm inaugural Solana AI hackathon

Post author By Blockworks
Post date 1Y

This is a segment from the Lightspeed newsletter. To read full editions, subscribe.

The inaugural Solana AI hackathon concluded on Monday.

Over 400 projects threw their respective hats in the ring for a contest offering cash prizes but more importantly the prospect of potentially-lucrative attention to so-called AI agents, which are currently flooding crypto social feeds.

Multiple entrants already have tokens trading at millions of dollars-worth of market cap, and agent copilots for crypto trading as well as AI agent “swarms” were buzzy categories.

Winners of the hackathon, organized by SendAI, will be announced around Jan. 10, SendAI co-founder and CEO Yash…