FameEX Morning Crypto News Recap | January 3, 2024

Grayscale Amends Spot Bitcoin ETF Application, Excludes Important Information

Grayscale Investments, a leading firm in crypto asset management, has updated its application for a spot bitcoin ETF, aiming for early approval by the U.S. Securities and Exchange Commission (SEC). However, the firm's filing lacks certain essential information that the SEC seeks, unlike other asset managers who have included specifics, particularly regarding authorized participants.

AI-Based Cryptocurrency Assets Experience 540% Growth in Less Than a Year, Achieving $7 Billion Market Cap

Since November 29, 2023, AI-related cryptocurrencies have seen a notable surge, with their market capitalization increasing by $1.75 billion within 34 days. This growth reflects a strong upward trend in the AI crypto market. The majority of the top ten AI tokens have recorded significant rises, particularly The Graph (GRT), which leads the pack with an impressive 40.73% growth over the previous month.

Billionaire Stelian Balta Considers Bitcoin a 'Fascinating Addition to National and Corporate Financial Portfolios'

Billionaire Stelian Balta, co-founder of Hyperchain Capital, acknowledges Bitcoin's volatility while emphasizing its importance in diversifying and modernizing investment portfolios. He highlights the cryptocurrency's potential for high returns, making it an appealing asset for both national and corporate financial portfolios.

CBOE Digital Anticipates Pension Funds' Interest in Bitcoin Spot ETFs

CBOE Digital's President, John Palmer, anticipates that the sanctioning of the first U.S. spot exchange-traded fund (ETF) for cryptocurrency will likely draw significant interest from new institutional investors. He expects this group to include pension funds and registered investment adviser-based entities, who may show increased inclination towards Bitcoin assets upon this ETF's regulatory approval.