Pantera Capital, a hedge fund specializing in cryptocurrencies, shared a new report. In its latest report called “Blockchain Letter”, the giant hedge fund touched upon some factors that are likely to affect the price of Bitcoin and altcoins. Experts think that although institutional investors’ interest in crypto has decreased recently, new movements are possible around some positive developments.
Will Spot Bitcoin ETF Applications Be Accepted?
Experts who prepared Pantera Capital’s cryptocurrency report first touched on spot Bitcoin ETF applications. In the summer, the application queue, which included the world’s largest asset manager, BlackRock, caused a great stir. Although the American Securities and Exchange Commission SEC rejected spot Bitcoin funds, BlackRock’s approval of its past initiatives caused excitement among investors.
Pantera Capital emphasized that companies have a stronger hand against the SEC. Grayscale, whose application was recently rejected, registered in court that the SEC’s attitude was not legal. Cryptocurrency experts believe that institutional investors will take action again for Bitcoin and other altcoins if ETF applications are accepted.
When Will Cryptocurrency Laws Be Implemented?
In its report, the giant hedge fund secondly touched upon regulations in the USA and around the world. Cryptocurrency experts think that the regulations have become somewhat clearer, although they are still unclear. MiCA, the cryptocurrency regulation enacted especially in Europe, is one of the good examples of this situation.
Pantera Capital welcomed the fact that the SEC’s decisions taken with arbitrary application have recently been stuck in the courts. Especially in the Ripple (XRP) – SEC case, the judge’s involvement on the crypto side may be the first steps towards a clear legal basis. Authorities underlined that investors will feel safer with clear cryptocurrency regulations. Therefore, the right laws will increase corporate interest.
Blockchain analysts compared the way the industry is progressing to the internet. Comparing the Web of 20 years ago with today, he drew attention to projects that offer low fees and high speed, such as Pantera, Arbitrum and Optimism. This advancement in blockchain technology may pave the way for broader uses in the future.