Bitcoin Surges Over $71K as Ether ETF Hopes Lead to $260M in Short Liquidations – CoinDesk
Bitcoin (Bitcoin) Ether soared more than 19%, rising to $3,700 and trading at 7.7% early Tuesday, after Bloomberg analysts raised the probability that the Spot ETH exchange-traded fund (ETF) will be approved in the US to 75%. It exceeded $1,000, the highest price since early April. Other major stocks posted relatively small gains, with XRP, […]
Ether Jumps 10% to $3.4K After Bloomberg Ups Odds of Spot ETF Approval – CoinDesk
Ethereum price has already risen slightly during US trading hours on Monday (Ethereum) The stock rose more than 10% after two Bloomberg ETF analysts significantly raised the likelihood that the U.S. Securities and Exchange Commission would approve the Spot ETH ETF. “James Seifert and I are increasing the probability of approval for the Spot Ether […]
Traders rush to short Ether as Grayscale pulls its futures ETF plan – Cointelegraph
Ether traders piled up short positions in the past 24 hours, just as Grayscale Investments withdrew its application to the Ethereum Futures Exchange Traded Fund (ETF). Ether (ETH) is hovering around the major support level at $3,010, down 1.85% over the past 24 hours. according to To CoinMarketCap data. However, traders are increasingly confident that […]
Bitcoin ETF issuers cast shadow over odds of SEC approving ether exchange-traded funds – CNBC
Companies ranging from BlackRock to Fidelity to VanEck, which issued a spot bitcoin ETF this year, are awaiting approval for their ether products. Some issuers are not confident that the SEC will greenlight Ether applications. “We were the first company in the U.S. to apply for Ethereum, and we [Ark Invest CEO] “I think Cathie […]
Bitcoin's Nearest Rival Ether Sustains Surge on US ETF Speculation – Yahoo Finance
(Bloomberg) — Ether has captured the attention of cryptocurrencies with its biggest gain in more than a month. The jump was in conjunction with speculation about the prospects for a U.S. exchange-traded fund (ETF) application to open the token. Most Read Articles on Bloomberg The second-largest digital asset was trading at around $3,710 as of […]
SEC's spot Ether ETF concerns unfounded, Consensys asserts – Cointelegraph
ConsenSys has responded to a U.S. Securities and Exchange Commission (SEC) investigation into potential fraud and manipulation risks regarding Ethereum’s proof-of-stake system, specifically the Spot Ether Exchange Traded Fund (ETF). by comment letter It has been submitted ConsenSys, the blockchain and Web3 software developer responsible for the popular MetaMask wallet, told regulators that concerns about […]
21Shares president 'less bearish' than Cathie Wood on ether ETF approval – Blockworks
Executives at two issuers that are jointly considering launching a SpotEther ETF have differing views on whether such a fund can win approval in the near future. Ark Investments CEO Cathie Wood said on a podcast this week with Blockworks co-founder Jason Yanowitz that the Ark21Shares Ethereum ETF and other similar products will be approved […]
Grayscale sees Ether ETF approvals despite SEC 'lack of engagement' – Cointelegraph
Grayscale is confident its Spot Ether (ETH) exchange-traded fund will be approved in May, despite recent “chatter” that U.S. securities regulators are “not engaging” with applicants. “I don’t think the lack of regulatory involvement is indicative of any consequences.” […] I personally am not daunted by that and believe that ETFs should be approved. ” […]
Crypto world, Wall Street await potential spring approval of spot ether ETF
Natalie Brunel, host of the podcast Coin Stories, discusses whether Bitcoin could fall below $20,000 in 2024 on The Big Money Show. A little more than a month after Securities and Exchange Commission Chairman Gary Gensler delivered the decisive vote that led to historic approval of 11 Spot Bitcoin exchange-traded funds, the crypto industry is […]
Genesis Seeks Approval to Sell $1.6B in Bitcoin, Ether Trust Holdings – CoinDesk
Bankrupt crypto financier Genesis filed a motion Friday asking a U.S. judge to approve the sale of more than $1.6 billion in Bitcoin. (Bitcoin),ether (Ethereum) and Ethereum Classic (etc) Held in Grayscale’s trust product. If this motion is approved, the market could see even more selling pressure on Bitcoin. Exchange FTX went bankrupt in January […]