JPMorgan named AP in latest Bitcoin ETF filings; Pulix achieved a $2 million success
euphoric market Pullix presale JPMorgan, Jane Street Named Brokers in Bitcoin ETF S-1 Filings Bitcoin ETF applicants file S-1 filings. The Pullix presale attracted more than $2 million just weeks after its launch.
The countdown to the first Bitcoin Exchange Traded Fund (ETF) approved for the US market is now down to just days. This comes after BlackRock, Valkyrie, Fidelity and several other applicants filed their final S-1 amendments by the deadline of Friday, December 29.
Elsewhere in the market, the market cap on crypto to 2024 entered the pre-sale of the new hybrid exchange Pulix.
JPMorgan, Jane Street named APs in latest Bitcoin ETF filings
The exact spot count has been months in the making of the SEC's approval of Bitcoin ETFs. For most analysts, Greyscale's legal victory over the regulator marked a turning point. The consensus now is that the SEC will approve the first set of Bitcoin ETFs in early January — possibly on or around January 10th.
Yesterday, that countdown appeared to have accelerated as most firms seeking to offer positions in Bitcoin ETFs filed their final updates.
BlackRock, Van Eck, ARK 21 Shares, Invesco Galaxy, Valkyrie, Fidelity, BitWise, and Wisdomtree all entered Friday. Among the details that appear in the submissions are the naming of authorized participants (APS) and fees.
For example, BlackRock and Valkyrie filed updated S-1 filings naming JPMorgan and Jane Street as authorized participants. Valkyrie said it worked with Jane Street and Cantor, while Invesco Galaxy named Virtu and JPMorgan.
While JPMorgan's selection as AP will draw attention to CEO Jamie Dimon's public comments, the role will be Jane Street's, adding to overall institutional appeal.
In terms of payments, Invesco's filing shows a six-month payment freeze for ETFs with up to $5 billion in assets.
Meanwhile, Fidelity reported a payout of 0.39%. According to Eric Balchunas, senior ETF analyst, there could be fierce competition among issuers, leading to a sort of “price war.”
Yes.. he was told that the charge would go to war bf even the starting gun was lost. And it never ends. This is normal life in the ETF Terrordome, the crypto exchange mind cannot understand this.
— Eric Balchunas (@EricBalchunas) December 29, 2023
Pullix eyes a leading role in defy with mixed exchange
Pulix, a hybrid exchange built on the Ethereum blockchain, seeks to bring the best of centralized and decentralized exchanges to the crypto market.
With community ethics and security as the main pillars (the latter self-protecting users' digital assets), Pulix may emerge as the DeFi industry's solution to a major problem.
Pulix's integrated platform combines the need for a user-friendly and secure trading environment with an innovative approach to liquidity provision. Anyone using the platform can contribute to liquidity when trading, earning instant rewards in the native PLX token.
The community will reap the rewards of $PLX inclusion into ecosystem liquidity and increased agricultural production. Apart from this, daily income share, competitive prices, zero commission trading and tight spreads add to the impressive list of benefits and incentives for $PLX owners.
Users looking for a great platform above, may want to learn more about Pulix's unique “business-to-earn” feature, among other passive income opportunities.
PLX token sales reached 2 million dollars
Amidst the excitement and positivity surrounding the SEC's first-ever Bitcoin ETF, Pulix's new crypto project is making waves of its own. A hybrid exchange model, community-driven ecosystem, and robust Tokinomics highlight why Pulix may be poised to redefine DeFi.
Heading into its launch and dominance in the DeFi space, the $PLX token sale has attracted over $2 million.
Currently at level 5, $PLX has increased its value from its original pre-sale price of $0.04 to $0.07. If you're looking to buy the lowest, the presale may offer the best opportunity for that.
