Cryptocurrency Daily Thefoxposts.com

After several delays and obstacles, the spot Ethereum ETFs have finally been approved. The move has been dubbed a significant wave of change within the cryptocurrency realm, where mainstream users can now access a wide range of crypto without any further issues. At the same time, the aforementioned move ushers in new users into the sector, which can help boost ETH prospects to new highs. Now that the spot ETH ETFs are approved, here’s how Ethereum may fare this August. Also Read: Currency: Two Reasons Why The US Dollar May Derail Further Coinbase CEO Reacts to ETH ETF Approval Source: Watcher.Guru The CEO of Coinbase, Brian Armstrong, took to X to share his opinion on the latest Ethereum ETF approvals. Armstrong reiterated his stance on ETH, claiming that crypto is certainly not a security. At the same time, he shared that his platform is ecstatic to be the custodian of eight of the nine approved ETFs. Another huge step forward for regulatory clarity: ETH is not a security! We’ve ...

The highly-anticipated Spot Ethereum ETF is expected to launch in two weeks, according to expert Nate Geraci. The co-founder of The ETF Institute, Geraci, took to X (formerly Twitter) to discuss the timeline for the second crypto-based ETF set to launch in the United States. The process took a massive step Monday as VanEck officially filed an S-1 with the US Securities and Exchange Commission (SEC). The filing is expected to be the first of many, Bloomberg analyst Erich Balchunas shared. The process is coming along, and now has July 15th slated as the day trading will likely begin. Source: Blockchain Reporter Also Read: Ethereum ETF Approval: A Milestone in the Crypto’s Journey Ethereum ETF To Launch Mid-July As S-1 Filings Arrive On May 23rd of this year, the SEC approved the creation of Spot Ethereum ETFs. However, that did not mean the process was finished, as issuers were still discussing a potential launch date with the agency. As that has continued, the official arrival date has ...

In what is a reversal from its previous stance, Standard Chartered has said that a Spot Ethereum ETF approval is not likely to arrive in May. Indeed, the bank has recently revised its outlook regarding the ETH investment vehicle and the impending decision from the US Securities and Exchange Commission (SEC). All eyes have been on the digital asset to follow Bitcoin’s Spot ETF approval earlier this year. The SEC had greenlit 11 of the BTC investment vehicles in what has certainly been a beneficial development for the industry. Yet, it doesn’t appear as though Ethereum’s iteration of the product is set to arrive in the coming month. Also Read: Ethereum ETFs To Face Rejection By May, VanEck CEO Claims Standard Chartered Reverses Forecast for Spot Ethereum ETF in May At the start of 2024, the digital asset industry awaited with bated breath the arrival of Spot Bitcoin ETFs in the United States. The inaugural approvals were expected to have an undeniable impac...

The Securities and Exchange Commission (SEC) has delayed its decision on BlackRock’s application to launch a spot Ethereum (ETH) ETF to March. According to a document on the SEC website, a new decision on the application, which was supposed to be made on Jan. 25, is now expected on March 10, 2024. SEC representatives explained their decision due to the lack of time to review all the application details. “The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein.” SEC filing Bloomberg Intelligence ETF analyst James Seyffart said delays in Ethereum spot ETF offerings will likely continue. Spot Ethereum ETF Delays will continue to happen sporadically over the next few months. Next date that matters is May 23rd https://t.co/2zBBvHkrVk — James Seyffart (@JSeyff) January 24, 2024 On Jan. 19, 2024...