According to Bloomberg, investors are upset that the approval of the Bitcoin ETF has been rejected. Plus, other cryptocurrency-related news.

Bitcoin ETF Rejection Leaves Investors Discontented

Bloomberg reports that the recent rejection of the Bitcoin ETF by the SEC has left investors dissatisfied. The decision by the SEC Chair, Gary Gensler, to allow spot Bitcoin exchange-traded funds has led to market chaos, according to the Bloomberg Editorial Board.

Despite the approval of novel investment opportunities, Gensler’s cautionary statements regarding the risks associated with bitcoin and cryptocurrency-related products have left investors wanting more. While ETFs based on Bitcoin futures were authorized in 2021, some investors feel limited by the options available, as they are traded on regulated futures exchanges.

Reddit Comments as Predictors of Cryptocurrency Price Changes

New Scientist reveals a groundbreaking method of forecasting cryptocurrency price changes: analyzing Reddit comments. Research conducted by Professor Emiliano De Cristofaro and his team at the University of California, Riverside, suggests a strong correlation between Reddit discussions and subsequent cryptocurrency price increases.

By examining over 130 million Reddit posts across various sections, the researchers found that increased conversation about specific cryptocurrencies often preceded price surges. However, it’s important to note that past correlations do not guarantee future outcomes, and monitoring Reddit discussions may be overwhelming for average investors.

Gate.io and Aquanow Collaboration Boosts Blockchain Liquidity

In a bid to enhance liquidity for blockchain projects worldwide, cryptocurrency exchange Gate.io and digital asset assistance provider Aquanow have joined forces. This collaboration aims to provide users with improved access to cryptocurrency markets and bridge the gap between traditional and digital finance.

According to Aquanow CEO Phil Sham, the partnership with Gate.io will offer users a seamless experience, while Gate.io CEO Lin Han believes it will provide users with comprehensive solutions in the cryptocurrency space.

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