Cryptos to Watch as Grayscale Overcomes SEC’s Bitcoin ETF Case Include Cardano (ADA) and InQubeta ($QUBE) | NewsBTC

Grayscale’s recent success in having the U.S. Securities and Exchange Commission (SEC) revisit its Bitcoin ETF application is a pivotal moment for the cryptocurrency market. Along with a surge in value for Bitcoin, this development has also encouraged investors to consider other top altcoins that may potentially benefit from the change in regulatory attitude.

Two of the cryptocurrencies drawing attention are Cardano (ADA) and InQubeta ($QUBE). InQubeta combines AI and blockchain technology, and it’s gaining traction because of its successful pre-sale campaign. Meanwhile, Cardano focuses on scalability and sustainability. Grayscale’s regulatory achievement suggests a shifting landscape for cryptocurrencies, possibly impacting institutional participation and investor sentiment.

Grayscale’s Successful Appeal

Grayscale Investments has recently achieved a significant milestone by overcoming a major regulatory hurdle regarding launching a Bitcoin (BTC) exchange-traded fund (ETF). While it has yet to receive approval from the SEC for the conversion of its bitcoin trust GBTC into an ETF, the company’s successful appeal with the District of Columbia’s federal court has provided hope that the SEC may reconsider its position on the matter. It can be recalled that the SEC rejected Grayscale’s application on June 29, 2022.

According to the court’s ruling on August 29, the SEC must review the company’s October 2021 application and apply the same standards for approval as it did for proposals for similar products, such as the BTC futures ETFs from Valkyrie and Teucrium.

The ruling carries substantial implications for the future of cryptocurrency ETFs in the country. It sets a precedent for other asset managers and financial institutions looking to launch similar products and may even prompt a change in SEC regulations. These may mean a surge in BTC ETFs in the near future and a more relaxed regulatory environment, which are good news for the industry as a whole. The immediate effect of the ruling is already visible, with BTC and GBTC rising in value following the news.

Grayscale’s success signifies a notable step towards integrating the cryptocurrency industry into traditional financial markets. It underscores regulators’ evolving stance and willingness to engage with the digital asset space, potentially encouraging greater institutional adoption and investment in cryptocurrencies. It highlights a shifting regulatory landscape concerning digital assets in the United States, making it relevant for those seeking the best crypto to invest in now.

InQubeta ($QUBE) and Cardano ($ADA): Cryptos to Watch

Grayscale’s recent victory against the SEC has generated renewed interest in the crypto space, and two cryptocurrencies, InQubeta’s $QUBE and Cardano’s $ADA, have emerged as notable options for investors seeking promising altcoins to buy.

InQubeta’s $QUBE token stands out as a cryptocurrency in the middle of artificial intelligence and blockchain technology. The ongoing success of its pre-sale campaign, which has already raised an impressive $2.9 million, highlights investors’ confidence in the project’s unique vision. InQubeta’s innovative fusion of AI and blockchain and its fractional investment approach through non-fungible tokens (NFTs) democratize AI investments and make them more accessible. This groundbreaking concept widens the pool of potential participants and ensures transparency and security through blockchain technology and smart contracts. As InQubeta ($QUBE) vies for a spot on the top ICO list, it presents a compelling narrative for those interested in supporting AI technology startups and exploring new investment avenues in crypto.

Another one of the altcoins to watch is $ADA, the native coin of Cardano. Cardano has garnered attention for its focus on scalability, sustainability, and interoperability within the blockchain ecosystem. With a unique consensus algorithm and a commitment to providing solutions for the unbanked and underserved populations globally, Cardano’s $ADA has been gaining momentum as one of the best crypto to invest in.

Conclusion

Grayscale’s triumph over the SEC signals a pivotal moment for the cryptocurrency market, and may be the catalyst for mainstream adoption. While this development led to even more interest in BTC, it has also resulted in a growing appetite for other altcoins to watch, like $QUBE and $ADA. $QUBE’s pre-sale success makes it one of the top crypto coins right now, while positive forecasts for $ADA’s price make it worth considering as well.

While Grayscale’s victory doesn’t guarantee an immediate flood of cryptocurrency ETFs, it underscores the evolving regulatory landscape and the growing willingness of regulators to engage with digital assets. These developments collectively point to a changing and increasingly inclusive cryptocurrency market, where innovative projects like InQubeta ($QUBE) may find their place among the best DeFi projects. As always, investors should exercise caution and practice thorough research before considering any cryptocurrency to buy.

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