• Vodafone confirms rumors of Cardano NFT plans
• CME Group to offer Ether/Bitcoin ratio futures in July
• Elliot Johnson argues surveillance agreement key to SEC approval of spot Bitcoin ETF
Vodafone Confirms Cardano NFT Plans
Vodafone has confirmed rumors that it is planning to launch an Non-Fungible Token (NFT) platform based on the blockchain network Cardano. This move comes after rival Revolut delisted Cardano, Polygon, and Solana from its US market.
CME Group Offers Ether/Bitcoin Ratio Futures
The Chicago Mercantile Exchange (CME) Group will be offering a new Ether/Bitcoin ratio futures product starting in July. This new futures contract will allow traders to hedge their exposure to Ether and gain exposure to Bitcoin’s price movements without having to buy the underlying asset itself.
Fidelity Reapplies for Spot Bitcoin ETF
Despite the U.S Securities and Exchange Commission’s rejection of its 2022 application for a spot bitcoin exchange-traded fund (ETF), Fidelity has reapplied for such an ETF. The investment management company believes this time they will succeed as they have addressed all the SEC’s concerns in their latest filing.
Elliot Johnson Argues Surveillance Agreement Key To SEC Approval Of Spot Bitcoin ETF
Elliot Johnson, who oversees Canada’s spot bitcoin ETFs, recently argued that a necessary condition for the success of BlackRock’s potential success in obtaining its own bitcoin ETF is its surveillance agreement with Coinbase and NASDAQ. According to Johnson, this agreement allows regulators to monitor bitcoin trades which provides them with the required oversight and integrity they need when approving such products.
It appears that many companies are looking into ways to increase their exposure or provide access to cryptocurrency products such as NFTs, futures contracts, and ETFs despite some pushback from regulators or delisting by competitors. As these products continue to become more popular, it seems likely that there will be more companies entering into similar agreements in order to ensure regulatory compliance and create fair markets for these assets.