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BlackRock Hires Former GSR Analyst as ETH Spot ETF Weighs Approval

BlackRock, a major player in the bitcoin spot ETF market, has hired former GSR Market Research analyst Matt Kunke as director and product strategist for crypto ETFs, after the crypto market maker predicted a 75% chance of approval for an Ethereum spot ETF in May. Prior to GSR, Kunke worked at JPMorgan and Credit Suisse. "Based on our optimistic outlook, including the Grayscale lawsuit victory, we believe there is a 75% chance that an ETH spot ETF will be approved by May. If the SEC denies approval, there will be an inevitable appeal."

Meanwhile, Ethereum's Dencun upgrade is scheduled for the 13th. With bitcoin hitting a record ATH on the eve of its halving, the spotlight is on Ethereum, which is getting a boost from the ETF and Dencun upgrade.

Binance WBTC plunges to $5200, then recovers

Cointelegraph reports, “A flash crash in the price of WBTC occurred on Binance on Nov. 23 (local time). This caused WBTC to briefly drop from $98,000 to $5,200, but has since recovered. The cause of the error is still unknown.

blockchain crypto cryptocurrency Trump nominates Crypto Proponent Secretary (SpotedCrypto)

Trump nominates 'Crypto Proponent' Howard Lutnick as Commerce Secretary, while US SEC chairman struggles to narrow down candidates to four.

US President-elect Donald Trump has nominated US investment bank Cantor Fitzgerald CEO Howard Lutnick to serve as Secretary of Commerce, according to the Wall Street Journal (WSJ). Lutnick is an avid supporter of Bitcoin and Tether (USDT), with Cantor Fitzgerald reportedly serving as Tether's U.S. Treasury bond

blockchain crypto cryptocurrency IBIT Option hit 1.9B first day od trading (SpotedCrypto)

BlackRock IBIT Options Hit $1.9 Billion in First Day of Trading, Grayscale Begins Trading on November 20th.

Bloomberg ETFs analyst James Seyffart reports via X that “Options volume on BlackRock's bitcoin spot ETF IBIT, which began trading today (Nov. 19), was about $1.9 billion. A total of 35.4 million contracts were active, of which 28.9 million were calls (82%) and 65,000

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