Ethereum

SEC deadline for Ethereum ETF decisions approaches, with Gary Gensler hinting at imminent announcements. SEC has approved eight Ethereum ETFs, signaling a significant regulatory breakthrough. Following CNF’s report that Ethereum has surpassed Mastercard in market capitalization, the focus is now on the SEC as it approaches a critical deadline. Today, the SEC must decide on at least one of the spot Ethereum ETF applications it is reviewing. After a period of minimal communication, the SEC requested that exchanges re-submit their…

The post Paul Grewal: SEC Approval Reinforces Ethereum as a Commodity appeared first on Coinpedia Fintech News Coinbase CLO Paul Grewal shed light on the SEC’s approval of eight spot Ethereum ETF applications, highlighting Ethereum’s status as a commodity. Grewal noted that this decision strengthens Ethereum’s recognition as a commodity, a notion shared by the Commodity Futures Trading Commission and federal courts. Moreover, this approval signals the upcoming trading of Ethereum on Wall Street and marks a major milestone for…

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 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…

Ethereum price dipped sharply after it rallied toward $3,940. ETH is now consolidating near $3,850 and is eyeing more upsides in the near term. Ethereum started a consolidation after it rallied toward the $3,940 resistance zone. The price is trading above $3,720 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,720 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up unless there is…

The post Big Win For Ethereum As The SEC Approved All Spot Ethereum ETFs appeared first on Coinpedia Fintech News In a landmark decision on May 24, 2024, the U.S. Securities and Exchange Commission (SEC) has approved all Spot Ethereum Exchange-Traded Funds (ETFs), marking a pivotal moment in the cryptocurrency market. This approval ends a prolonged period of anticipation and debate, signaling a new era for Ethereum and the broader crypto industry. The approval of all Spot Ethereum ETFs is…

Bitcoin is fast-dropping, looking at price action in the daily chart. Even after the impressive spike above $71,500 early this week, there needs to be a conclusive follow-through for optimistic bulls. Despite this correction, one analyst strongly believes Bitcoin will rally sharply, reaching $80,000 by the end of the month.   Will Bitcoin Hit $80,000 By End Of May? Taking to X, the analyst thinks HODLers, not speculators, will reap the maximum benefits from Bitcoin. Based on the trader’s assessment, not only will…

Ethereum (ETH) price is soaring ahead of the Securities and Exchange Commission (SEC) decision regarding the Spot ETH ETF (exchange-traded fund). Investors’ and market watchers’ optimism has increased as the ‘King of altcoins’ surpasses the $3,900 mark. Some analysts believe this bullish momentum could soon propel ETH’s price above all established price targets. Ethereum Soars Amid ETF Approval Expectation Ethereum, the second-largest cryptocurrency by market capitalization, has seen a significant uptick this week. As rumors of ETH spot ETFs being…

The odds of spot Ether ETF getting approved in the United States have dramatically increased fueled by the changing political climate ahead of the general elections. The approval of spot Ether ETFs in the US will open possibilities for other altcoins with similar operations to apply for spot ETFs. The notable hype on spot Ethereum (ETH) exchange-traded funds (ETFs) in the United States has influenced significant frenzy on other altcoins, mostly those with a similar business structure and vibrant community.…