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SEC Approval of Ethereum ETFs Sparks Excitement and ...
2024-05-24 06:22:59

SEC Approval of Ethereum ETFs Sparks Excitement and Anticipation in the Crypto Market

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The recent approval by the U.S. Securities and Exchange Commission (SEC) of spot Ether exchange-traded funds (ETFs) has generated a flurry of excitement and anticipation in the cryptocurrency market.

VanEck wasted no time in launching an advertisement promoting Ethereum just 30 minutes after the SEC's approval. Institutional investors are planning to invest $500 million into Ethereum ETFs if approved, expecting a surge in Ethereum's value.

This decision marks a significant milestone in the mainstream adoption of crypto assets, following similar approvals for Bitcoin ETFs. Analysts project a potential rally in Ethereum's price of up to 60% if the ETFs are approved, while experts debate the timeline and regulatory challenges for their launch.

Related news on that topic:

Bitcoin and Ethereum ETF Approval Optimism Fuels All-Time High ... Price Predictions

Recent data on Bitcoin derivatives suggests the possibility of new all-time highs above $73,000, with growing optimism surrounding the approval likelihood of a U.S. spot Ethereum exchange-traded fund (ETF). Bitcoin's price surge above $65,000 has led to increased trading volumes in ETFs, exceeding $5 billion, attracting both institutional and retail interest. Traders speculate on a 'real deal' market pump to $90,000 for Bitcoin, while Ether reaches a 2-month high against Bitcoin, with analysts closely monitoring resistance levels. Amidst these developments, investors are targeting six-figure prices for Bitcoin, with a surge in call options aiming for $75,000 to $100,000, reflecting positive market sentiment amidst expectations of short-term price increases.

Crypto Market Update: Bitcoin Hits $71K Amid Ether ETF Optimism

Bitcoin surged past $71,000 as optimism grew around a potential ether ETF approval, with both BTC and ETH seeing significant price gains. Traders are flooding exchanges with over $231 million worth of ETH, anticipating a spot ETF green light, leading to increased volatility and a short squeeze. Analysts point to key metrics signaling Ethereum's readiness for a rally, driven by expectations of an ETH ETF approval and growing investor confidence. While crypto markets consolidate, Bitcoin and Ether lead the way, with on-chain data suggesting a positive outlook and a potential 'bigger move' for BTC.

Read 12 more recent news on this topic

The press radar on this topic:

Cointelegraph.com News
23. Mai 2024 um 23:39

VanEck drops new Ethereum ETF ad within an hour of SEC approval

Finance
Economy
VanEck quickly launched an advertisement promoting Ethereum just 30 minutes after the SEC approved spot Ether ETF proposals. The ad poses questions about the potential of Ethereum and received positive reactions online, with over 1,000 reposts and 170,000 views.
The Street
3. Juni 2024 um 17:50

OKX: Institutional investors to pump $500 million into Ethereum ETFs

Finance
Institutional investors plan to invest $500 million into Ethereum ETFs during the opening week if approved by the SEC, expecting a surge in Ethereum's value. VanEck's application for a spot ethereum ETF is expected to receive a response on May 23.
The Defiant
23. Mai 2024 um 21:14

U.S. Securities Regulator Approves Spot Ether ETFs in Landmark Decision

Finance
The U.S. Securities and Exchange Commission (SEC) has approved the trading of exchange-traded funds backed by spot Ether, marking a significant milestone in the cryptocurrency market. Ethereum (ETH) has experienced volatility, surging nearly 30% in the past week in anticipation of the SEC's decision. The approval has sparked renewed interest and investment in Ether and the broader decentralized finance (DeFi) and Web3 sectors.
Cointelegraph.com News
23. Mai 2024 um 21:14

Spot Ether ETFs receive official approval from the SEC

Finance
Cryptocurrencies & blockchain
The U.S. Securities and Exchange Commission has approved several spot Ether ETFs, marking a significant milestone for the crypto industry. The approval comes despite speculation about treating ETH as a security. The ETF issuers still need the SEC's approval on their S-1 registration statements before the Ether ETFs can officially begin trading.
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