Markets got a big spike in Ethereum price this week on crypto exchanges. What’s behind it and what factors can investors take into consideration to determine whether Ether or its friend Cardano is the better buy? Ethereum has a birthday coming up on July 30. It was launched in 2015 to create a “world computer” with the same Web3 blockchain properties as Bitcoin has for storing cash and making payments. Cardano was launched on September 23, 2017 by initial coin offering (ICO)...
Read More »SEC Approves Ethereum Spot ETFs For Public Trading
The U.S. Securities and Exchange Commission (SEC) has officially greenlighted Ether spot ETFs to trade on national securities exchanges. Multiple 19b-4 applications to list the product were approved on Thursday, just days after the SEC began rapidly engaging with issuers on the matter in an unexpected positive turn for the crypto industry. Ether ETFs Are On The Way The approval follows the arrival of Bitcoin spot ETFs in January, which launched one day after the SEC’s...
Read More »Galaxy Digital Exec: This Is How the SEC Could Classify ETH as Security
Alex Thorn, the Head of Research at Galaxy Research, speculated that the SEC could differentiate between Ethereum (ETH) and staked Ether, possibly classifying the latter as a security. He noted that this distinction could provide a regulatory loophole for approving spot Ethereum ETFs. Spot Ethereum ETF Approval Loophole In a May 21 post on X, he stated, “If the speculation about a 180 from SEC on the Ethereum ETFs is true, I would guess they try to thread a needle between...
Read More »Crypto Boom: Market Surges by $200B as BTC and ETH Hit 6-Week Highs
CoinspeakerCrypto Boom: Market Surges by $200B as BTC and ETH Hit 6-Week Highs Ethereum spearheaded the altcoin rally, driven by renewed optimism about the approval of spot ETH ETFs by the US SEC. Crypto Boom: Market Surges by $200B as BTC and ETH Hit 6-Week Highs
Read More »Ethereum Options Turn Bullish as ETH Price Jumps 20% on Spot Ether ETF News
CoinspeakerEthereum Options Turn Bullish as ETH Price Jumps 20% on Spot Ether ETF News The open interest for the monthly expiry of Ethereum options has surged to $3.2 billion with the call-to-put ratio favouring the buy options. Ethereum Options Turn Bullish as ETH Price Jumps 20% on Spot Ether ETF News
Read More »Here’s Why ETH Just Exploded 10% Back To $3400
Ether (ETH) surged 10% on Monday in the span of a few minutes following credible rumors that the asset could receive its own spot ETF in the United States within days. ETH traded for $3150 on Monday at 17:44 UTC, before surging to $3450 within 25 minutes. This followed a tweet from Bloomberg ETF analyst Eric Balchunas at 17:20 UTC that he and his partner, James Seyffart, were upping their odds of ETH ETH approval this month from 25% to 75%. “Hearing chatter this afternoon...
Read More »Hong Kong Welcomes FinTax to Simplify Tax Reporting as Crypto Adoption Increases
CoinspeakerHong Kong Welcomes FinTax to Simplify Tax Reporting as Crypto Adoption Increases This new software, FinTax, will make tax calculations for crypto assets easy. Hong Kong Welcomes FinTax to Simplify Tax Reporting as Crypto Adoption Increases
Read More »Coinbase Research Report Predicts Upside Surprise in Ethereum (ETH)
CoinspeakerCoinbase Research Report Predicts Upside Surprise in Ethereum (ETH) Coinbase said that the market is underestimating the odds and timings of a potential spot Ethereum ETF approval, thereby leaving sufficient space for upside surprises. Coinbase Research Report Predicts Upside Surprise in Ethereum (ETH)
Read More »Dogecoin Founder Questions Ethereum ETF Approval
CoinspeakerDogecoin Founder Questions Ethereum ETF Approval Dogecoin founder Billy Markus said that SEC has lost its integrity, and any positive outcomes are unlikely until its integrity is restored. Dogecoin Founder Questions Ethereum ETF Approval
Read More »Ethereum Products Bleed Funds Amidst Regulators’ Silence on ETF Application
Digital assets investments said the first inflow in five weeks with $130 million of net gains over the past week. Interestingly, the lack of action from US regulators regarding spot Ethereum ETF applications has sparked speculation that approval won’t happen soon, and this has resulted in significant outflows for Ethereum in the same timeframe. Investors Brace for Delay in Spot Ethereum ETF Approval CoinShares’ latest edition of Digital Asset Fund Flows Weekly Report revealed...
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