SEC asks for public input on Fidelity’s Ethereum ETF; whales exploring Arbitrum and InQubeta
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The United States Securities and Exchange Commission (SEC) is opening the floor for public input on Fidelity’s Ethereum exchange-traded fund (ETF). Meanwhile, two projects are capturing the attention of whales – Arbitrum (ARB) and InQubeta (QUBE).
Let’s dive into the details of these developments shaping the crypto landscape.
The Ethereum ETF dilemma: a call for public participation
Fidelity, an asset management firm, filed for approval of its Ethereum Fund on Nov. 17, joining a growing list of firms vying for a spot in the competitive world of crypto ETFs in the U.S.
The SEC’s call for public input is crucial in the regulatory process. It allows stakeholders and seasoned and beginner cryptocurrency enthusiasts to voice their opinions on the potential listing and trading of shares from Fidelity’s Ethereum Fund on the Cboe BZX Exchange.
The filing emphasizes that the absence of a spot Ethereum ETF in the U.S. exposes investors to significant risks, pushing them towards potentially riskier alternatives. With the SEC having yet to greenlight any spot cryptocurrency investment vehicles, the public has 21 days to submit comments following the filing’s publication in the Federal Register.
The decision on Fidelity’s proposal could mark a pivotal moment in the journey toward mainstream crypto adoption, and propel Ethereum to new heights.
Arbitrum: riding the waves of change
Shifting gears from regulatory matters, let’s dive into the world of Arbitrum, where recent developments have kept enthusiasts on the edge of their seats. Considered one of the top altcoins to watch, it has managed to defy expectations, showcasing stability in its price despite the volatility that often accompanies such proposals.
Arbitrum DAO’s recent approval of a hard fork, marked by overwhelming community support with over 99% of the votes, has positioned the network for significant improvements. The proposed hard fork, including upgrades like EVM Shanghai and the PUSH0 opcode, aims to enhance the chain’s infrastructure and network fees.
Despite occasional dips, Arbitrum’s ARB has maintained a steady presence above the $1.00 mark. Recent price movements, with fluctuations recovering promptly, suggest an upward trajectory. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators flash bullish signals, signaling a potential surge beyond $1.10. This performance has attracted significant attention from whales, which may further bolster ARB prices.
InQubeta: democratizing AI investments
In a world where investing in cutting-edge AI startups can be elusive for the average person, InQubeta (QUBE) aims to break barriers.
InQubeta is democratizing AI investments. Utilizing NFTs allows investors with varying budgets to own a stake in the AI startup landscape, creating a bridge between high-tech innovation and accessible investment opportunities.
In stage 6 of its 10-stage presale, InQubeta (QUBE) has raised over $6.3 million by selling over 608 million tokens. The QUBE ERC-20 tokens are trading at $0.01925 each at this stage.
The platform’s roadmap, featuring plans for an NFT marketplace and cross-chain expansion, can cement its position at the forefront of AI and blockchain convergence.
InQubeta is secure and has been audited by Hacken while receiving know-your-customer (KYC) verification from BlockAudit.
Conclusion
In crypto, InQubeta aims to democratize AI investments and offer a gateway to blockchain and AI. Some investors are exploring QUBE before the SEC’s decision on Fidelity’s Ethereum ETF.
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