Core Ignition Drop Claiming Guide

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 The Core Ignition Drop, which started the rewards claim on June 10, 2024, allows Coretoshis (Core Community) to unlock incentives for their contributions and engagement in the Core Blockchain. The Incentives claimed by the participating community are based on their activities up from the day they join the program until the snapshot is taken. In this article, I will discuss how to participate in the Core Ignition Drop, its benefits, and more. What is Core Ignition? Core ignition is an incentive program developed by the Core Foundation to jumpstart the growth of the DeFi ecosystem on Core Blockchain, the program started on March 11th, 2024, and will continue for six months, providing ample time for users to participate and reap the benefits, rewarding the community for their contributions to the network. By participating, users can earn rewards while simultaneously helping to fuel the growth and adoption of the Core ecosystem. The Core Ignition Program is for both ecosystem users and We
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SEC Approves ProShares' Bitcoin ETF, Set to Begin Trading Next Week

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 Proshares's Bitcoin ETF finally gains approval from the Securities and Exchange Commission (SEC), the body announced that it had approved the first-ever Bitcoin Futures ETF in the United States. This is following months of deliberation and delays, with the commission delaying its verdict on at least a dozen or more additional Bitcoin ETF applications.

Proshares, the asset management firm that filed its ETF earlier this summer, is set to launch as early as next week. In its amended prospectus updated on Oct. 15, Proshares stated on his Twitter status that its ETF is expected to launch on Monday, Oct 18, 2021. 

What is ETF?

An exchange-traded fund (ETF) is a fund that can be traded on an exchange like a stock, meaning it can be bought and sold throughout the day. ETFs often have lower fees than other types of funds. Depending on the type, ETFs have varying levels of risk.
But like any financial product, ETFs aren't a one-size-fits-all solution. Evaluate them on their own merits, including management cost and commission fees (if any), how easily you can buy or sell them, and their investment quality.

Without a doubt, Bitcoin ETF approval by SEC is a historic moment for the cryptocurrency space. serving as a regulated alternative to directly holding the underlying digital asset, an accessible exchange-traded fund will mean an influx of funds from retail and institutional investors alike.

ProShares' Bitcoin ETF will function in a way where the ETF will track Bitcoin futures, rather than the price of the digital asset directly similar to that of  Grayscale's GBTC. SEC Chair Gary Gensler stated that future-based products will likely provide stronger investor protections due to the stringent securities laws they must operate under.

The Effect On Bitcoin Price

The news of the Proshares' Bitcoin ETF approval has since sent the crypto markets higher, with BTC nearing its all-time high price of $63,000. The price of BTC peaked at $62,600, but at the time of writing this article, Bitcoin priced at $61,500 up 4.44% in the past 24 hours alone.

According to CoinMarketCap, the major cryptocurrency has reclaimed its $1 trillion market capitalization, comfortably sitting at $1.15T. Ethereum and other major altcoins reacted positively to the news, closing in on their respective all-time high prices.


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