BREAKING: SEC Approves Spot Ethereum ETF
22.07.2024 23:52 1 min. read Alexander Stefanov
It is official - the Securities and Exchange Commission of the United States approved the launch of spot Ethereum ETFs.
Around six months since the approval of spot Bitcoin ETFs in January, crypto investors got their wish – the approval of the first altcoin ETF.
It’s official: Spot Eth ETFs have been made effective by the SEC. The 424(b) forms are rolling in now, the last step = all systems go for tomorrow’s 930am launch. Game on. pic.twitter.com/9MaBDBA8co
— Eric Balchunas (@EricBalchunas) July 22, 2024
This significant milestone for the crypto space marks a new era for investments, that will potentiall open the path to new heights for the biggest altcoin by market cap.
On the 24th of May SEC approved all 19b-4 applications. Three months later the regulator greenlit the S-1 applications as well, officially giving their nod for spot Ethereum ETF trading.
READ MORE:
Is China Reconsidering its Bitcoin Ban?
At the time of writing ETH is trading at $3,460 after a slight decline in the past 24 hours and is up 1.6% on the weekly chart.
-
1
Ethereum’s Future in Question as Standard Chartered Cuts 2025 Price Target
17.03.2025 19:00 2 min. read -
2
dYdX Launches Buyback Program to Strengthen Token Value
24.03.2025 22:00 2 min. read -
3
Investors Accumulate Ethereum at Crucial Price Zone – What’s Next?
17.03.2025 15:00 1 min. read -
4
Sonic Prepares to Launch Algorithmic Stablecoin
23.03.2025 16:00 2 min. read -
5
Japanese Company Now Accepts XRP for Property Purchases
24.03.2025 15:00 2 min. read
Top 10 Altcoins That Were Hit the Hardest in the Last 30 Days
Following a global market sell-off triggered by US President Donald Trump’s tariff announcement, both Bitcoin (BTC) and altcoins saw significant drops.
Binance Announces Next Megadrop: New Airdrop Listing Confirmed
Binance has announced its latest project, KernelDAO, as part of its ongoing Megadrop series, marking it as the fourth initiative in the lineup.
Binance to Delist 14 Altcoins After Community Vote
Binance, the leading global cryptocurrency exchange, made waves today with a series of announcements related to altcoins.
First Leveraged XRP ETF Set to Hit the U.S. Market
A groundbreaking move in the U.S. ETF market is set to unfold as Teucrium Investment Advisors LLC, a Vermont-based asset manager, prepares to introduce a leveraged ETF centered around XRP.
-
1
Ethereum’s Future in Question as Standard Chartered Cuts 2025 Price Target
17.03.2025 19:00 2 min. read -
2
dYdX Launches Buyback Program to Strengthen Token Value
24.03.2025 22:00 2 min. read -
3
Investors Accumulate Ethereum at Crucial Price Zone – What’s Next?
17.03.2025 15:00 1 min. read -
4
Sonic Prepares to Launch Algorithmic Stablecoin
23.03.2025 16:00 2 min. read -
5
Japanese Company Now Accepts XRP for Property Purchases
24.03.2025 15:00 2 min. read
