Ethereum ETF listing delayed
The launch of a U.S. spot Ethereum exchange-traded fund (ETF), which many expected to launch as early as July 2, has been delayed by the U.S. Securities and Exchange Commission (SEC).
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The launch of a U.S. spot Ethereum exchange-traded fund (ETF), which many expected to launch as early as July 2, has been delayed by the U.S. Securities and Exchange Commission (SEC).
For many large groups of non-crypto native capital, Ethereum has much lower buy-in as a key portfolio allocation.
Market sources reveal that Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), expects the S-1 registration statement for the Ethereum spot ETF to be approved sometime this summer.
The filing builds on BlackRock’s registration statement originally filed in November 2023.
In the next bull market, if interest rate cuts can occur, there is still hope that the price of Ethereum will reach $10,000.
The Dencun hard fork has been completed on the Goerli, Sepolia and Holesky testnets, and the mainnet will be launched on Epoch 269568 (approximately March 13, 2024).
Potential U.S. approval of a spot Ethereum (ETH) exchange-traded fund (ETF) that would include a staking program could amplify concentration risks within the Ethereum network.
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.
Based on the SEC’s review of the latest filings and fee structure, the crypto community is eagerly awaiting a decision that could pave the way for a BTC ETF.
Anticipation surrounds Bitcoin's potential landmark success in 2024, driven by factors such as the impending approval of a spot Bitcoin ETF, collaborative efforts between regulatory bodies and companies, and the positive impact of the upcoming Bitcoin halving event. The reduction in Bitcoin supply following the halving is seen as a key element contributing to the digital asset's scarcity