In this edition of Hodler’s Digest, we have a mix of exciting developments from the world of crypto. To begin with, investment giant BlackRock has updated its application for a Bitcoin exchange-traded fund (ETF), a move that could potentially pave the way for the approval of such a product. The revised application aims to enable banks to offer the fund to their clients, a move that could bring in a flood of institutional investors. This development comes as no surprise, given the growing interest from traditional financial institutions in offering crypto-related products.
On another note, there has been a surge in demand for El Salvador’s crypto-linked citizenship program. The Central American nation, which made Bitcoin legal tender earlier this year, is now offering citizenship to those who invest three Bitcoin in the country. This innovative move not only promotes the use of cryptocurrencies but also offers an intriguing way for individuals to gain citizenship.
Finally, an interview with the attorney of crypto billionaire Sam Bankman-Fried sheds light on the unconventional methods employed by the FTX exchange founder. According to the attorney, Bankman-Fried has been known to work in an unorthodox and relentless manner. While some may consider his methods extreme, they have undeniably brought him great success in the world of crypto.
In conclusion, this week’s digest brings forth some notable developments in the crypto space. From the potential approval of a Bitcoin ETF to the rising popularity of El Salvador’s crypto-linked citizenship program, these events highlight the growing acceptance and integration of cryptocurrencies into mainstream finance and society. Meanwhile, the unconventional approach of figures like Sam Bankman-Fried continues to push the boundaries of the crypto industry. As we move forward, it will be exciting to see how these trends evolve and shape the future of crypto.
