DailyCryptonews by cryptoborges - 02/02/2021

By Francisco Borges | CryptoNews by cryptoborges | 2 Feb 2021

Hi huys hope you enjoy your daily dose of crypto news.

Ether Cryptocurrency Reaches Record High, Briefly Tops $1.5K

The second-largest cryptocurrency by market value briefly topped $1,500, hitting $1,500.63, during early U.S. trading hours on Tuesday.

Crypto analysts believe the restrictive actions could bring more users into the DeFi space, which is dominated by Ethereum’s blockchain.

Bitwise Files for Approval to Publicly Trade Its Bitcoin Fund

Bitwise Asset Management, a provider of cryptocurrency index funds, is seeking regulatory approval that would enable it to publicly trade shares of its bitcoin fund on an over-the-counter (OTC) marketplace.

The firm plans shares of its fund to be publicly traded on the New York-based OTCQX marketplace. OTCQX is designed for both U.S. and international companies, which are required to meet strict financial standards to qualify for the market.

If approved by FINRA, shares in the Bitwise fund would be available for trading in traditional brokerage accounts and could be held with traditional custodians, according to the release.