ETF

The post ETH ETF May Spark Altseason; Bitcoin Dominance In Risk appeared first on Coinpedia Fintech News Bitcoin and Ethereum were down 3.5% on May 24 giving a quiet reaction to the much-awaited approval of Ethereum ETFs. Ether has dropped 4% since the approval while it had risen 20% over a week ahead of its odds of getting approved. Analysts discuss that while 19b-4 got approved, approval on the S1 documents will still take time and might go until mid-June.…

The post SEC Passed ETH ETF Due To Correlation Between CME ETH Futures And Some Spot ETH Trading Platforms appeared first on Coinpedia Fintech News A recent post on X shared by Wu Blockchain reveals that the SEC passed the Ethereum spot ETF mainly due to the correlation between CME Ethereum futures and certain spot Ethereum trading platforms. Most of the SEC documents provide data evidence of high correlation, and the monitoring and sharing agreements of CME and others can…

BlackRock’s spot Ethereum ETF, now listed on the DTCC as $ETHA, follows SEC approval alongside seven other Ethereum ETFs, though trading awaits further SEC clearance of S-1 filings. BlackRock’s ETH ETF Listed As $ETHA BlackRock's spot Ethereum ETF has been officially listed on the Depository Trust and Clearing Corporation (DTCC) under the ticker symbol $ETHA. This development follows the approval by the US Securities and Exchange Commission (SEC) of eight spot Ethereum exchange-traded funds (ETFs).  SEC Approval and Market Impact…

London, UK, May 24th, 2024, Chainwire In a major development for the cryptocurrency industry, the SEC approved the first-ever Ethereum ETF today. This decision is seen by many as a potential turning point, ushering in a new bull cycle for crypto. With Ethereum paving the way for regulatory acceptance, all eyes are now on other leading projects like Solana. SolanaVM created L2's innovative solution that allows Ethereum dApps to leverage Solana's lightning-fast speed and minimal fees. This can play a…

The Securities and Exchange Commission (SEC) approved all the Spot Ethereum ETFs on Thursday, yet Bitcoin, and the crypto market as a whole, took another hit in price. Bitcoin is down nearly 2% on Friday so far. Ethereum ETF approval a damp squib for $BTC price Such a landmark event as a fairly unexpected approval of all the Spot Ethereum ETFs by the SEC on Thursday might have been the spark that ignited the crypto market into the next phase…

The post VanEck’s Spot Ether ETF Ad Gains 1,000 Reposts and Major Engagement appeared first on Coinpedia Fintech News VanEck promptly celebrated the SEC’s approval of its spot Ether ETF with a 37-second social media advertisement. The ad, released on May 23, encourages viewers to “Enter the ether,” garnering positive reactions and significant online engagement. The SEC’s approval positions VanEck alongside other significant asset managers, such as BlackRock and Fidelity. However, trading is expected to begin only after further SEC…

The post Ethereum ETF Launch Next Month Becomes ‘Certainly Possible’ with S-1 Submissions appeared first on Coinpedia Fintech News Excitement builds in the crypto space as the newly approved spot Ether (ETH) exchange-traded funds (ETFs) are possibly launching as early as mid-June. However, this development is still dependent on the promptness with which the approved clients amend their S-1 registration statements and the following feedback rounds they’ll receive from the Securities and Exchange Commission (SEC).  Bloomberg ETF analyst James Seyffart…

The post Why Bitcoin ETF Developments Set Bitbot Up for Serious Gains appeared first on Coinpedia Fintech News The SEC’s approval of Bitcoin ETFs has paved the way for mainstream crypto adoption, and investors are now turning their sights to innovative platforms like Bitbot.  Positioned at the forefront of these trends, with its advanced AI trading features and groundbreaking security, Bitbot is poised to leverage this upswing to deliver remarkable gains. Already in week 18 of its presale with $3.5m…

The post Ethereum ETF Approved! What This Means for Bitcoin and Altcoins appeared first on Coinpedia Fintech News The recent approval of Ethereum ETFs marks a rather significant development within the cryptocurrency space that potentially changes the game, just like the approval of Bitcoin ETFs in the past.  As market watchers and investors try to make sense of these developments, insights from a popular crypto analyst known as ‘Virtual Bacon’ on social platform X offer a deep dive into the…