SEC Delays Another Spot Ethereum ETF; Investors Focus Shift to Binance Coin (BNB) and InQubeta (QUBE)

The SEC ETF acceptance criteria might be unclear, but their meticulous approach to dot the ‘i’s and cross the ‘t’s is admirable - although maybe not entirely welcome. Especially when optimism for Ethereum ETFs is high following the SEC decision on Bitcoin ETFs. 

Earlier this week, the agency delayed its decision on Fidelity and BlackRock’s spot Ethereum ETF applications. Grayscale joins this list after the decision on the asset manager’s application to convert its Ethereum trust into a spot ETF was delayed. This twist had many spilling their morning coffee, with the pause sending ripples of anticipation across the crypto space.

Meanwhile, investor focus has shifted to Binance Coin (BNB) and InQubeta (QUBE). These top altcoins—rave of the moments—are poised for explosive growth, positioning them as altcoins to watch.

InQubeta (QUBE): A New ICO Favorite

InQubeta (QUBE) is one of the most promising plays in the crypto scene right now, and for the right reasons. As one of the new ICOs, it has staggering upside potential. Its strong fundamentals also make it stand out, contributing to the massive participation in its ongoing presale— with over $8.5 million raised.

Its convergence of AI and blockchain has seen it get tipped as a bullish narrative. At this intersection, it aims to solve the most pressing issues in the AI sector with blockchain technology, notably fundraising and accessibility. To this end, it will build an NFT marketplace where investment opportunities will be minted as equity-based NFTs and investors can become early backers of cutting-edge AI ventures regardless of their income.

The presale is in its seventh stage, and a token costs only $0.0224. Analysts are bullish, predicting a 5,000% jump in its price after launch. Hailed as the best new crypto to invest in, you can participate in the ICO by clicking the link below.

The SEC Delays Grayscale Ethereum ETF Application 

Grayscale is one of the world’s biggest asset managers. Following the SEC’s green light on Bitcoin ETFs on January 10, its application was among the 11 approved. Spurred on by this development, many thought its Ethereum ETF application would be a walk in the park. It hasn’t been.

Earlier this week, the SEC delayed its decision on Fidelity and BlackRock’s spot Ethereum ETF applications, which was postponed to March. The anticipation will continue after Grayscale joins the list. Its application to convert its Ethereum spot into a spot ETF will have to wait a bit longer as the SEC’s scrutiny continues.

The crypto community waits in frustration but with optimism. Ethereum, which is gaining momentum, is one of the altcoins to watch out for. With significant room for growth, ETH is one of the best cryptos to buy now.

Binance Coin (BNB): Investor Favorite

Binance Coin (BNB) has shown resilience despite unfavorable market conditions. Therefore, it is expected to soar during a market rise, making it a compelling play not to miss out on. Its remarkable performance has caught investors’ attention, with many doubling down and aiming to ride its anticipated bullish wave.

Strong support at $300 is its next goal, after which it is expected to go in search of its year peak. According to analysts, BNB will surpass $500 before the end of the year, positioning it as one of the best coins to invest in.

As one of the most fundamentally strong cryptocurrencies, BNB is poised for staggering growth this year. In order not to FOMO (fear of missing out) later on, now is a great time to add to your bag at a good price.

Conclusion

Grayscale’s Ethereum ETF application is the latest to be delayed by the SEC. Meanwhile, investors are shifting their focus to InQubeta and BNB, doubling down on them to ride their anticipated bullish wave. You can become an early QUBE holder by following the link below.

Visit InQubeta Presale 

Join The InQubeta Communities

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