In Brief Skepticism about the spot ETF delay led Ethereum-related investments to reach its lowest since August 2022. Exposure to ETH leveraged positions continues to rise, according to a recent research. ETH’s price may decrease to $3,190 as a sell-wall appears between $3,290 and $3,386. Contrary to previous anticipation and predictions, the several spot Ethereum…
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In Brief Bitwise updates S-1 filing with the SEC, including a six-month fee waiver plan. Market analysts predict a possible July 15 launch for the spot Ethereum ETF. The SEC review and approval are key to the ETF’s expected market entry. Asset manager Bitwise recently updated its S-1 filing for its spot Ethereum exchange-traded fund…
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In Brief BlackRock shows strong preference for Bitcoin over Ethereum among its clients, with “very, very little” interest in an Ethereum ETF. Robert Mitchnick, Head of Digital Assets, shared insights at the Bitcoin Investor Day, indicating Bitcoin remains the primary focus. Challenges with Ethereum underscore the complexities of digital asset management, influencing BlackRock’s cautious approach.…
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Industry experts believe the odds of an Ethereum ETF securing approval in May have fallen significantly due to a lack of activity among relevant parties. In a recent shift of perspective, Bloomberg analysts have significantly lowered the forecast for the approval of a spot Ethereum exchange-traded fund (ETF) by May — setting the probability at a mere…
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In Brief SEC delays Ethereum ETFs from BlackRock and Fidelity, seeks public feedback. Ethereum’s proof-of-stake model raises concerns about legal status of the asset. May 23 set as final decision deadline for VanEck Ethereum ETF approval. The US Securities and Exchange Commission (SEC) has once again delayed approving Ethereum exchange-traded funds (ETFs) from financial heavyweights…
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Briefly the proposal for a Grayscale spot Ethereum exchange-traded fund (ETF) has been extended by the SEC. The public comment period on the proposal, which began on October 10, 2023, lasted until October 27, 2023. Although the SEC legally has 45 days to make a decision on such proposals, it has decided to use the…
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To sum things up Ethereum acquires unmistakable quality in the midst of Bitcoin ETF mishaps; James Seyffert takes note of their strength in the crypto domain. BlackRock’s Ethereum trust documenting on November 9 triggers an Ethereum cost hop, diminishing Grayscale’s asset markdown to 14%. Market hypothesis encompassing ETFs increases, as even misleading news about enlisting…
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