!! Metaplanet buying more Bitcoin !!

What we’ll cover today:

🐶 Dogecoin and Hedera ETFs pushed to November

💰 Metaplanet’s $1.4B Bitcoin gamble spooks investors

📜 Grayscale files first-ever Bitcoin Cash ETF

Metaplanet’s Big Bitcoin Bet Backfires 📉

Metaplanet, Japan’s “MicroStrategy copycat”, is issuing 385M new shares to buy more Bitcoin but investors aren’t thrilled.

🚨Breaking News:
Metaplanet’s stock fell 30% in a month as it announced plans to raise $1.4B for Bitcoin and BTC options.

⚡Wire Simplified:

• Stock dropped from 993 yen in August to 714 yen today.

• Issuing 385M shares at 553 yen each = dilution panic.

• $1.2B for buying Bitcoin, $200M for BTC options.

• Already holds 20,136 BTC, targeting 210,000 BTC by 2027.

• Market says: “Cool BTC bags, but what about the company?”

✔️Straight to the Point:
Metaplanet is betting its entire future on Bitcoin. But dilution plus overexposure makes investors question if this gamble is sustainable.

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SEC Hits the Snooze Button on Altcoin ETFs 💤

The U.S. SEC, led by Gary Gensler, just delayed decisions on Dogecoin and Hedera ETFs again. Investors, grab more coffee.

🚨Breaking News:
The SEC postponed approvals for Bitwise Dogecoin ETF and Grayscale Hedera ETF until Nov 12, joining a backlog of 92 pending crypto ETFs.

⚡Wire Simplified:

• Dogecoin ETF by Bitwise delayed.

• Hedera ETF by Grayscale also delayed.

• SEC already stalled Solana and XRP ETFs.

• 92 crypto ETFs are stuck in the waiting room.

• SEC’s favorite sport = kicking the can.

✔️Straight to the Point:
Institutional demand for altcoin ETFs is strong, but the SEC keeps stalling. Investors wait, markets yawn, and lawyers bill hours.

Grayscale Brings Bitcoin Cash to ETF Party 🎉

Grayscale, the ETF giant, isn’t slowing down. It just filed for the first-ever Bitcoin Cash ETF plus Litecoin and Hedera.

🚨Breaking News:
Grayscale filed to convert its Bitcoin Cash Trust into an ETF, with BNY Mellon as administrator and Coinbase as custodian.

⚡Wire Simplified:

• Bitcoin Cash ETF = first official filing ever.

• Litecoin ETF also on the table.

• Hedera ETF filed via S-1, pending SEC approval.

• Grayscale already applied for Chainlink, Dogecoin, XRP, Avalanche ETFs.

• 70+ crypto ETFs now pending with SEC.

✔️Straight to the Point:
Grayscale is stacking ETF applications like trading cards. Whether SEC approves or not, the message is clear: altcoins want Wall Street.