ETF

Dubai, United Arab Emirates, May 21st, 2024, Chainwire Bybit, one of the world’s top three crypto exchanges by volume, experienced a surge in trading volume on the popular ETH/BTC pair on the back of news that US regulators may approve an Ethereum ETF soon. Following the news, traders potentially profited from ETH’s impressive 15% move against BTC. The news that caused the surge was that US regulators asked ETH ETF applicants to update their filings, causing speculation that the updates…

The post Why Could Ethereum ETF Trigger a Larger Crypto Bull Run Than Bitcoin ETF? appeared first on Coinpedia Fintech News The crypto community is filled with speculation and expectancies as the SEC speeds up the review of Spot Ethereum ETFs. We explained how the approval of Ethereum ETFs would greatly impact Ethereum and the wider crypto market. In May, the crypto market priced in denial and even the possibility of Ethereum being labeled a security. However, the odds have…

Ethereum price rallied over 20% amid rise in hopes of ETH ETF. ETH broke many hurdles and even broke the $3,500 resistance zone. Ethereum started a fresh surge and cleared the $3,500 resistance zone. The price is trading above $3,600 and the 100-hourly Simple Moving Average. There is a short-term rising channel forming with support at $3,640 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up unless there is a close below…

After enduring a significant 20% price correction earlier this month that saw Bitcoin fall below $56,400 and increased outflows from the Bitcoin ETF market, the world’s largest cryptocurrency has managed to stage a strong comeback. It has broken above the key $66,000 resistance level and turned it into a new support zone. BTC Bounces Back As Bitcoin ETF Inflows Soar  The resurgence in Bitcoin’s price has been closely tied to a rekindling of inflows into the US spot Bitcoin ETF…

The SEC must approve both the 19b-4 filings and the S-1 registration statements for spot Ethereum ETFs to commence trading on stock exchanges. The S-1 form is the initial registration document that discloses detailed information about the new securities being offered to the public. The financial market is on edge as the SEC’s decision on spot Ethereum ETFs is set to be announced. The decision will be a significant milestone in the integration of digital assets with traditional financial markets,…

Coinbase believes the approval of an ETH ETF is inevitable, comparing the situation to the SEC’s approval of Bitcoin ETFs earlier this year, and estimates a 30-40% chance of approval by May 31, 2024. The approval of spot Ethereum ETFs requires the SEC to greenlight both the 19b-4 filings and the S-1 registration forms. While the Ethereum price has been trading under pressure for the past few weeks at around $3,000 levels, the latest report from Coinbase says that an…

The post Top Crypto Events to Watch Next Week: Binance vs. Nigeria, Decision on Ethereum ETF, and Crypto Bill appeared first on Coinpedia Fintech News As we approach the end of May, crypto traders are eagerly awaiting a new week filled with a series of potentially impactful macro events. From Binance’s trial in Nigeria to the FIT21 bill’s voting, these events might have a significant impact on the crypto market. These Events Might Decide Market’s Next Move In recent days,…

Wisconsin Investment Board buys Bitcoin, marking a big step in institutional adoption. SWIB manages over $156 billion, diversifying with a $64 million investment in Grayscale’s Bitcoin Trust. The State of Wisconsin Investment Board (SWIB) recently disclosed significant investments in spot Bitcoin exchange-traded funds (ETFs) offered by Grayscale and BlackRock. According to a filing with the U.S. Securities and Exchange Commission (SEC) on May 14, SWIB revealed holdings of more than 2.4 million shares in the BlackRock iShares Bitcoin Trust (IBIT)…

Even after the upswing mid-this week, Bitcoin prices remain wavy, considering price action in lower time frames. The coin is retesting $66,000 at spot rates, but traders expect the breakout to have been confirmed, pushing BTC prices toward $70,000. Since the surge to all-time highs in March, the coin has been on a steady downtrend, as shown in the formation on the daily chart. BTC Liquidity Is High Despite Accumulation: Analyst Therefore, as doubt creeps in, Willy Woo, a Bitcoin…