BlackRock's Bitcoin ETF Filing and Its Impact on Ethereum and BTC

BlackRock has filed an application for a spot bitcoin exchange-traded fund, which has received mixed reactions from the crypto community. Meanwhile, JPMorgan notes that new developments in an SEC legal case may give ethereum a boost, as the regulator battles Ripple Labs over whether the XRP token is a security or not. The release of internal SEC discussion called the ‘Hinman documents’ may intensify the race among major cryptocurrencies to become more decentralised and look even more like ethereum in order to avoid being designated as securities.