ETF

Solana may be the next cryptocurrency to receive an ETF in the U.S. The approval faces challenges due to SEC’s classification of Solana as a security and the absence of a futures ETF. Following recent predictions updated by CNF earlier this May, where Michael Saylor suggested that Ethereum could face SEC classification as a security, a similar spotlight now shines on Solana (SOLUSD). According to today’s update shared on Trading View, during the CNBC post-market talk show “Fast Money” on…

The market is currently anxiously following new developments regarding the potential Ethereum ETF.  Standard chartered bank is even predicting the approval will take $ETH coin price to a new ATH of $8000. At the time of writing, the Securities and Exchange Commission (SEC) is set to make its final decision on Friday regarding Ether ETF applications by VanEck and Ark Invest.  This decision could have significant implications for the cryptocurrency market, affecting not only Ethereum ($ETH) but also the thousands…

Standard Chartered Bank projects Ethereum will hit the $8,000 price mark driven by the awaited Ethereum ETF approval by the SEC this week.  The long-awaited Ethereum ETF approval will bolster both the ETH price as well as the general cryptocurrency market. Standard Chartered Bank, a British multinational bank has affirmed Ethereum’s optimistic forecast with a bullish prediction of $8,000 mark by the end of the year. This positive expectation has been stimulated by the growing anticipation of the spot Ethereum…

The post Bitcoin Hash Rate And Difficulty On The Rise Over ETH ETF Optimism appeared first on Coinpedia Fintech News Optimism over potential spot ETH ETF approvals and subsequent price rallies increased the hash rate over the last few days. On Thursday, the BTC mining difficulty rose 1.5% to $84.4 trillion as the network’s hash rate rose above 600 EH/s. Bitcoin’s hash price also showed a slight recovery after sliding to an all-time low of less than $50 per PH/s…

The post Crypto Market Awaits SEC Verdict: Ethereum ETF Approval Speculations appeared first on Coinpedia Fintech News Amidst regulatory anticipation, market analysts are eagerly awaiting the Securities and Exchange Commission’s decision to approve or disapprove an Ethereum exchange-traded fund. Speculations have emerged regarding the potential approval, sending major waves through financial circles.  Thenceforth, Fox Business’ Senior Correspondent Charles Gasparino has weighed in on the outcome’s potential implications for Ethereum and the larger cryptocurrency market. Breaking: If the @SECGov does approve…

Dogecoin (DOGE), a meme-inspired crypto, has recently experienced a significant surge in activity from large-scale investors, commonly known as “whales.” Recent data shows that the value of substantial transactions has nearly doubled in the last 24 hours. Dogecoin Transactions Soar As ETF Speculation Intensifies According to data from IntoTheBlock, the value of these large transactions exceeding $100,000 has significantly increased within the past 24 hours. This dramatic increase saw the total value surge from $1.53 billion to roughly $3.01 billion.…

As the bull run of 2024 gains momentum, investors eagerly anticipate the next big success story in the cryptocurrency market. The introduction of an Ethereum-based exchange-traded fund (ETF) has the industry buzzing with excitement, signaling a potential surge for certain cryptos. With the BlastUP presale entering its final stretch, the timing is critical for those aiming to capitalize on these emerging opportunities. Interest is peaking, and the clock is ticking for investors to make their move before the presale window…

The post Ethereum ETF Hopes Boost Ether Call Options appeared first on Coinpedia Fintech News Amid renewed hope in the market over the potential Ethereum ETF approval, ether call options are now more expensive than put options for all expiries, signifying a bullish outlook. Traders are willing to pay more for calls than puts, particularly for options expiring at the end of June and beyond. This indicates a bullish market sentiment as traders anticipate a future price rise. After the…

The post Ethereum ETF on the Horizon, Solana Becomes Fifth Largest Crypto, and Furrever Token to Soar appeared first on Coinpedia Fintech News As the crypto market continues to evolve, major developments are taking centre stage. Solana has recently become the fifth-largest cryptocurrency, showcasing its growing influence and resilience in a competitive landscape. Meanwhile, Ethereum is making headlines with the anticipated approval of its first ETF, which could further solidify its dominance and attract institutional investors. Amidst these significant advancements,…