Digital coins inch up

Digital coins inch up

On Monday, Bitcoin managed to gain, pushing past $4,100, while other crypto assets jumped too in Asia.

Over the weekend, the American Securities and Exchange Commission told it won’t uncover its verdict until next month on whether to update the Securities Act to have Bitcoin exchange-traded funds list allowed. Last Friday, the SEC told it would have its decision on two Bitcoin ETF applications postponed to May 16 and May 19.

As for the first application, it was filed with NYSE Arca by Bitwise Asset Management, the crypto index fund platform. The second application was filed with Cboe BZX Exchange by VanEck, the investment management company as well as SolidX, the blockchain startup.  

The SEC actually finds it a rational thing to designate a longer timeframe within which to take action on the offered rule update so that it has enough time to consider the proposed rule update, as the SEC revealed in its statement.

In January this year, Bitwise applied for a Bitcoin ETF, while SolidX and VanEck did it in January too.

ETFs happen to be securities tracking a pack of assets, which are proportionately represented in the fund’s stocks. Many experts consider them to be an important move towards the wider adoption of digital coins.

Notwithstanding uncertainty as for Bitcoin ETFs, the bullish sentiment dominated the crypto market. As a result, the most popular crypto asset, Bitcoin gained by up to 0.97% hitting $4,126.6.

Additionally, Ethereum soared by 0.99% trading at $142.99, while Litecoin surged by 0.89% reaching $60.967. In addition to this, XRP headed south by about 0.19% ending up with $0.31021.

In general, the bullish sentiment sent the cryptocurrency market capitalization up to $143 billion.


Where is Dogecoin?
Where is Dogecoin?

Did the era of the Dogecoin, the most famous cryptocurrency, come to its end, or it is just a calm before the storm? Let’s find out!

Latest news

The US Dollar Is Correcting
The US Dollar Is Correcting

Inflation in Europe was released better than the forecast. The preliminary fact was published at 4.3%. What's happening in the markets?

Bearish Signal For The USD
Bearish Signal For The USD

XAUUSD fell below 1900 for the first time since March 2023. Meanwhile, the US dollar index gives a bearish signal. Read the full report to learn more!

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera