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US SEC Approves Spot Ether ETFs, Surprising Crypto Industry
2024-05-24 06:21:30

US SEC Approves Spot Ether ETFs, Surprising Crypto Industry

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The US Securities and Exchange Commission (SEC) has approved applications from Nasdaq, NYSE, and CBOE to list exchange-traded funds (ETFs) tied to the price of ether, surprising the cryptocurrency industry. This decision could pave the way for the launch of these products later this year.

Nine issuers, including VanEck and BlackRock, are hoping to launch ETFs tied to the second-largest cryptocurrency, following the SEC's approval of bitcoin ETFs in January. The approval of spot Ether ETFs is expected to drive institutional adoption of cryptocurrencies and spark renewed interest and investment in Ether and the broader decentralized finance (DeFi) and Web3 sectors.

The SEC's decision on approving or denying these ETFs will significantly impact the short-term market outlook for ether.

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:

News - South China Morning Post
24. Mai 2024 um 02:36

US approves applications from Nasdaq, NYSE, CBOE to list spot ether ETFs in surprise win for crypto sector | South China Morning Post

Finance
Technology
The US Securities and Exchange Commission (SEC) has approved applications from Nasdaq, NYSE, and CBOE to list exchange-traded funds (ETFs) tied to the price of ether, surprising the cryptocurrency industry. This decision could pave the way for the launch of these products later this year. Nine issuers, including VanEck and BlackRock, are hoping to launch ETFs tied to the second-largest cryptocurrency, following the SEC's approval of bitcoin ETFs in January.
The Street
19. Juni 2024 um 13:15

SEC gives initial greenlight to spot ether ETFs

Finance
The U.S. SEC approved spot ether ETF listings on U.S. stock exchanges, marking a historic move in the mainstream adoption of crypto assets, following similar approvals for bitcoin ETFs. Multiple companies are awaiting approval for their ETFs to officially trade, which could drive institutional adoption of the asset class.
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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