Despite market turbulence, trading volumes remain robust, indicating strong investor interest in the crypto market.
Browsing: Ethereum ETF
Read More
Ethereum has officially been classified as a commodity, not a security, marking a significant regulatory milestone. This classification aligns Ethereum with Bitcoin and paves the way for smoother operations for dapp builders by reducing bureaucratic hurdles.
The CBOE will list five new ETH ETFs starting July 23, pending regulatory approval. Konstantin Shulga, CEO of Finery Markets, discusses market expectations and the potential impact on Ethereum and the broader crypto market.
The cryptocurrency market witnessed a notable surge last week, with Bitcoin (BTC) reaching approximately $68,150, marking a 12.1% increase from the previous week’s closing price of…
Recent reports reveal that several ETF issuers are finalizing preparations to launch Ethereum-based spot ETFs in the United States by July 23, 2024.
Bitwise’s Chief Investment Officer, Matt Hougan, predicted that the launch of Spot Ethereum ETFs by the Securities and Exchange Commission (SEC) could drive the price of…
Last month, the SEC returned the initial S-1 filings to the issuers with minor comments, a move that suggests a positive outlook towards the approval process. Konstantin Shulga, CEO and Co-founder of Finery Markets, breaks down what the impending SEC decision could mean for Ethereum and its classification as a commodity or security.
ETH only accounted for 6.54% of institutional investors’ allocations before the Spot ETH ETFs were approved. However, that figure spiked to 14.29% since the approval.
This announcement comes just a day after the U.S. House of Representatives passed the Financial Innovation and Technology for the 21st Century Act.
Traditionally, SEC requests for modifications precede approvals, indicating a possible shift in the agency’s stance towards crypto ETFs.