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Cryptocurrency enthusiasts are awaiting the approval of the Bitcoin (BTC) ETF in the United States and Grayscale, a prominent player in the crypto space, is inching closer to realizing this dream.

Meanwhile, Ethereum (ETH) and Everlodge (ELDG) are demonstrating strong bullish price movements, adding to the excitement in the crypto market. 

This article will dive into these developments and their potential implications.

Michael Sonnenshein, the CEO of Grayscale Investments, recently shared significant updates on the company’s pursuit of a Bitcoin (BTC) ETF. During an interview with Bloomberg on November 8th, Sonnenshein disclosed that Grayscale is actively working on converting its existing Grayscale Bitcoin Trust (GBTC) into an ETF. 

While he didn’t provide a specific timeline for regulatory approval, Sonnenshein emphasized that Grayscale is engaged in ongoing conversations with the SEC. Grayscale’s potential launch of a Bitcoin ETF has been a topic of great interest. If approved, it could mark a significant milestone, allowing investors to gain exposure to Bitcoin through traditional financial platforms. 

Recently, the Bitcoin price has risen from $35,403 on November 1st to $36,843 on November 9th. Experts have noted that introducing a Bitcoin ETF could drive significant adoption, contributing to a bullish price prediction stating BTC could surge to $37,299.27 by December 2023. 

Ethereum (ETH) has been rising lately as exciting new developments occur. Notably, Evmos, the bridge connecting Cosmos and Ethereum, recently revealed a significant strategic shift in its operations. 

On November 7th, Evmos announced that it intends to cease supporting Cosmos transactions on its Ethereum Virtual Machine (EVM), directing its complete focus towards Ethereum transactions. 

After this Ethereum news, the coin price increased from $1,858 to $1,917 on November 9th. As a result, analysts forecast the Ethereum value could surge to $2,335.71 by the end of Q4 2023.

Everlodge (ELDG) has captured the attention of crypto enthusiasts as a rising presale star. 

Normally, if you wanted to invest in property, you’d have to put down a ton of cash first. But with Everlodge, that’s not the case anymore. 

By digitizing and minting luxurious properties into an NFT, Everlodge could possibly change the game. Not only that, these NFTs will be fractionalized. Thus, even low net-worth individuals can buy into this $280T industry.

If you’re an investor looking for passive income, then the Everlodge Rewards Club is the place for you. ELDG native token holders will receive free stays in any of their properties without paying a dime. And if they don’t use those stays, they let people sell them for money. 

Unlike Bitcoin and Ethereum, Everlodge has one advantage – a low market cap. In other words, it will experience a surge much faster as fewer new funds are needed. It is now in Stage 7 of its presale with a value of $0.025. This is a 150% rise from its starting price. With millions of tokens already sold.

For more information about the Everlodge (ELDG) presale, you can visit their website here.

The post Ethereum (ETH) and Everlodge (ELDG) bullish as Grayscale moves closer to Bitcoin ETF appeared first on Invezz

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