Also, it is important to note that SEC followed different spot ETF evaluation mechanics at the backend, where the correlation between the spot and the Futures market was evaluated and studied.A higher correlation, closing in on 100% for ETH, was the secret sauce for speedyETHETFapproval. This...
the deadline for a decision on the VanEck Ethereum Trust. The SEC also approved the Grayscale Ethereum Trust, the Bitwise Ethereum ETF, the iShares Ethereum Trust, the ARK 21Shares Ethereum ETF, the Invesco Galaxy Ethereum ETF, the Fidelity Ethereum Fund and the Franklin ...
The crypto market is quite susceptible to ETF approvals, as it seems, and the past 24 hours brought even more enhanced volatility for the entire sector. After the hype from the start of the business week settled, the largest cryptocurrencies, including the one that got the green light from ...
Balchunas pegs the likelihood of an ETH ETF approval by May at 35%. Source:Eric Balchunas on X “The main thing is the fact that we’re 73 days from the final deadline, and there’s been no contact or comments from the SEC to the issuers. That’s not a good sign,” Balchunas ...
British multinational banking giant Standard Chartered is standing by its $8000 ETH prediction for 2024 as the odds of a long-awaited Ethereum ETF approval have suddenly turned optimistic. In a recent conversation with The Block, the bank predicted that Ether spot ETFs will go live in the Unite...
(ETH) experiencing a notable decline of up to 6% at one point, underscoring investor concerns over the potential roadblocks to ETF approval. Seasoned traders and investment firms alike have drawn a direct correlation between Ethereum's performance and the progress of ETF discussions, reinforcing the...
Bloomberg ETF analyst Eric Balchunas has predicted a 70% chance of such an approval by May. One prediction market on Polymarket suggests that there is a 57% chance of an Ethereum ETF approval by May 31. Those odds are based on over $15,000 worth of cryptocurrency bets rather than any ...
TRUMP, DOGE, BONK ETF approvals likely, but Cathie Wood won’t invest: Finance Redefined ARK Invest’s Cathie Wood said she won’t buy the Trump token due to its lack of utility, as she remains focused on Bitcoin, Ether and Solana. ...
An ongoing investigation would be detrimental for Ethereum until the case is resolved and could affect decisions such as the approval of anEther ETFand the further adoption of the asset — asexemplified by the cost of the Ripple/SEC lawsuit. ...
When asked whether the approval of a spot bitcoin ETF could open the door for other crypto asset ETF approvals, such as a spot Ethereum ETF, SEC Chair Gary Gensler stated, "I look at what we did this week as its cabined to one non-security, commodity called bitco...