{"id":132989,"date":"2024-07-12T23:10:37","date_gmt":"2024-07-12T20:10:37","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=132989"},"modified":"2024-07-12T23:22:06","modified_gmt":"2024-07-12T20:22:06","slug":"spot-ethereum-etf-countdown-approval-is-imminent","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/spot-ethereum-etf-countdown-approval-is-imminent\/","title":{"rendered":"Spot Ethereum ETF Countdown – Approval is Imminent"},"content":{"rendered":"
Finnancial expert Jared Blikre analyzes<\/a><\/strong> the crypto market\u2019s current state and the potential impact of Ethereum ETFs.<\/p>\n The crypto market is under pressure, with Bitcoin<\/a><\/strong> and Ethereum<\/a><\/strong> both down over 20% from recent highs. However, there\u2019s excitement about new ETFs launching imminently. Following the January listing of spot Bitcoin ETFs, major players like BlackRock and Fidelity are updating their S-1 forms with the SEC to introduce spot ETH ETFs, aiming to enhance market liquidity.<\/p>\n The SEC approved Ethereum ETFs based on futures last October, but spot ETFs directly track crypto prices, unlike futures-based ETFs. The SEC had resisted spot crypto ETFs until losing a court battle with Grayscale Investments, which wanted to convert its Grayscale Bitcoin Trust (GBTC) into an ETF for the public. This legal victory allowed spot Bitcoin ETFs to debut earlier this year.<\/p>\n