Yu Chun Christopher Wong/S3studio/Getty Images Ethereum has jumped over the past 24 hours as odds of an imminent ETF approval have soared. Positive signs have come from the SEC, which needs to make a final decision on two proposals this week. The approval could also be a catalyst for bitcoin to hit new records, according to Standard Chartered. Ethereum rocketed 22% higher on Tuesday on surging confidence that ETFs pegged to the cryptocurrency could be approved as soon as this week.Just as was done for bitcoin in January, efforts have been underway to establish an ethereum spot exchange-traded fund, making the cryptocurrency available to a wider array of investors.

BING NEWS:
  • ‘A Very Big Opportunity’—Crypto Suddenly Braced For A ‘Tremendous’ China Earthquake After Bitcoin, Ethereum And XRP Price Boom
    Bitcoin has swung wildly this week as U.S. president Joe ... a Hong Kong bitcoin conference sparked speculation the much-hyped Hong Kong spot bitcoin ETFs could eventually be opened up to mainland ...
    06/10/2024 - 2:53 am | View Link
  • Ethereum Price News
    Turning Bitcoin into a multi-purpose ecosystem could ... decline in ETH holdings by large investors. With the spot ETH ETFs approved, traders are confident that Ethereum price is ready to rally ...
    06/5/2024 - 1:00 pm | View Link
  • FTSE 100 and Europe close higher as Wall Street falls on sluggish US economy
    was up 0.6% Wall Street slipped as US jobless claims also inched up — there were 219,000 fresh initial claims last week, an increase of 3,000 The pound was 0.2% higher against the dollar (GBPUSD=X) at ...
    05/29/2024 - 11:03 pm | View Link
  • 3 Little-Known Facts About Why Ethereum ETFs Could Be Mega-Bullish for Coinbase
    When the spot Bitcoin ETFs were approved in January, many believed they would deal a blow to Coinbase. Since investors could now gain exposure to the cryptocurrency through an ETF trading on the ...
    05/28/2024 - 9:24 pm | View Link
  • New ethereum ETFs likely won't trade for months, Galaxy Digital report says
    These forms give an official stamp of approval for the crypto ETFs to trade on those domestic stock exchanges. In January, when the SEC was weighing approvals for spot bitcoin ETFs, it gave the ...
    05/25/2024 - 6:02 am | View Link
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