Structural logic and price prediction of Ethereum ETF approval
There are two major narratives in the crypto market. First up, Bitcoin. Followed by Ethereum, and Ethereum may explode in 2024.
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There are two major narratives in the crypto market. First up, Bitcoin. Followed by Ethereum, and Ethereum may explode in 2024.
With the SEC delaying Grayscale and BlackRock's filings, Daniel Kuhn is looking into when the SEC will approve these investment products.
I believe that there is a high probability that the door will be opened for more institutions to enter the market, such as the Ethereum ETF, which is highly anticipated by the industry.
The U.S. SEC will make decisions and approve five Ethereum spot ETFs before the end of May, but it may be postponed to August to make a final decision.
ProShares CEO Michael Sapir stated that the new ETF was created specifically to help people short ETH.
Bitcoin's price was trading around $20,400, little changed from the past 24 hours as investors awaited the Federal Reserve’s interest rate decision at 2 p.m. ET.
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Follow the guide to check out these forked ETH tokens!
21Shares submitted the spot Bitcoin ETF application with Ark Investment Management in June 2021 for listing on the Cboe BZX Exchange.
Last month, the watchdog gave the thumbs-up to Teucrium’s Bitcoin futures ETF, which is the first such vehicle to be approved under the ’33 Act.