NFTs Surge Following SEC’s Failure To Appeal ETF
The failure of the Securities and Exchange Commission (SEC) to file an appeal in the Grayscale Bitcoin Trust case resulted in a 15% increase in trading volumes for non-fungible tokens (NFTs).
According to on-chain data aggregator CryptoSlam.io, the NFT ecosystem has seen a 15% increase in the last 24 hours. The total trading volume surpassed $9.7 million. Notably, the number of investors actively acquiring NFTs has increased by 5.9%.
Over the same 24-hour period, Ethereum-based NFT collections saw a significant 26.7% increase in sales, contributing $5.2 million in trading proceeds.
Digital collectibles on the Mythos Chain and Solana blockchains have also seen significant increases, with trading sales totaling $1.3 million and $1 million, respectively. Mythos Chain NFTs increased by 4.5%, while Solana-based NFTs increased by an impressive 23.5%.
Grayscale, a digital currency asset management company, is in disagreement with the SEC over its proposal to convert its Bitcoin Trust into a more investor-friendly spot BTC ETF.
(With inputs from Shikha Singh)
You need to login in order to Like
