Ethereum ETF: How the SEC's Decision Could Change the Market
According to an article from t-online, a significant decision is looming as the U.S. Securities and Exchange Commission (SEC) may approve an ETF for Ethereum. This would allow investors to invest in Ethereum without having to directly purchase and securely store the coins. Analyst Eric Balchunas estimates the probability of approval at 75 percent.
Speculation surrounding this potential approval has already caused the price of Ethereum to rise by about five percent. Other cryptocurrencies like Bitcoin are also benefiting, with Bitcoin rising by up to 3.5 percent on Tuesday. In Germany, however, it remains difficult for investors as European regulations only allow ETFs if they are not solely focused on a single underlying asset.
The Best Mining Providers at a Glance
» Infinity HashFrom our perspective, currently the best mining provider on the market. With the community concept, you participate in a mining pool completely managed by professionals. A portion of the earnings are used for expansion and maintenance. We've never seen this solved as cleanly anywhere else.
» Hashing24A well-known and established cloud hosting company. With a good entry point and in a good market phase, a good ROI can also be generated with some patience. Unfortunately, we see the durations as a major drawback.
Ethereum ETF: Could Crypto Exchanges Face a Shortage?
BTC-ECHO reports that the potential approval of an Ethereum ETF could have far-reaching consequences, including a possible Ether shortage on crypto exchanges. On-chain data already shows a scarcity compared to Bitcoin.
If the ETF is approved, institutional investors might find it challenging to acquire large amounts of ETH. This development has sparked interest among many market participants and raises questions about the sustainability of Ethereum's current price rise.
Rally or Dip: Decision Day for Ethereum
DER AKTIONÄR also reports on today's crucial day for the second-largest digital currency by market capitalization. Speculations suggest that despite initial skepticism, approval by the SEC is now expected. This has led to a rapid increase in ETH prices since the beginning of the week.
Investors are eagerly waiting to see if the green light will be given today. DER AKTIONÄR offers further insights and analyses on the potential developments for its subscribers.
Ether-ETFs: Ethereum Co-Founder Joe Lubin Believes in Imminent Approval
According to Capital (https://www.capital.de/geld-versicherungen/ether-etfs--ethereum-mitgruender-joe-lubin-glaubt-an-baldige-zulassung), Joseph Lubin is optimistic about an imminent approval. The co-founder has publicly criticized the American securities regulator, questioning its jurisdiction.
Lubin’s campaign seems to have borne fruit: Analysts now regard approval as likely. This led to a strong surge in ETH prices at the beginning of the week, with a recorded growth of around 20 percent since then.
Blow After Blow: Ethereum ETFs on the Rise
FXStreet German site (https://www.fxstreet.com/de/comcryptocurrencies-news/schlag-schlagethereumetfs-vormarsch202405231519) reported yesterday that BlackRock, Grayscale, and Bitwise have filed updated forms related to their respective products with the SEC. A Bloomberg expert has increased the predicted success rate of these applications, estimating a notable 75 percent chance of success.
Although final decisions are still pending for applications by VanEck and ARK Investments, there is optimism, especially in light of recent positive developments. Despite regulatory concerns, staking options have been removed, focusing primarily on obtaining the necessary licenses.
No Investment Advice According to the Securities Trading Act (WpHG)
The content on this website is solely for the information and entertainment of readers and does not constitute investment advice or a recommendation according to the Securities Trading Act (WpHG). The content on this website reflects only our subjective, personal opinion.
Readers are expressly encouraged to form their own opinions regarding the content of this website and to seek professional and independent advice before making any specific investment decisions.
We report on our experiences with the respective providers and receive commissions according to the partner conditions. Our test reports are based on real tests and are documented via screenshots. Proof can be requested at any time.
