The SEC approved the spot Ether ETF applications of eight asset managers overnight. Blackrock, Ark Invest, Van Eck and Hashdex are some of them.
“We are so thrilled to confirm that the SEC has approved, pursuant to Section 19(b) of the Securities Exchange Act of 1934, our exchange partner CBOE’s proposed rule change to list and trade a @vaneck_us spot #Ethereum ETF on the CBOE!” said the Head of Digital Asset Research of one of the asset managers, Van Eck’s Matthew Sigel.
The above-mentioned approval does not suffice for the listing of the spot ETFs. The asset managers now need to get their S-1 Form (the proper registration statement of the financial product) approved as well and this might take time.
The price of Ether rose 0.5 percent to $3,740 over the past 24 hours. QCP, a crypto asset trading firm, forecasts that its price could rise to $6,000 as a result of this approval, Bitcoin.com reports.
Mixed trading conditions and bearish clouds lie ahead for the global crypto market in the next 24 hours, Ether included. This signals downward pressure. Over a one-week horizon, the sun should break through and shine over it, indicating upside potential.
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“We are so thrilled to confirm that the SEC has approved, pursuant to Section 19(b) of the Securities Exchange Act of 1934, our exchange partner CBOE’s proposed rule change to list and trade a @vaneck_us spot #Ethereum ETF on the CBOE!” said the Head of Digital Asset Research of one of the asset managers, Van Eck’s Matthew Sigel.
The above-mentioned approval does not suffice for the listing of the spot ETFs. The asset managers now need to get their S-1 Form (the proper registration statement of the financial product) approved as well and this might take time.
The price of Ether rose 0.5 percent to $3,740 over the past 24 hours. QCP, a crypto asset trading firm, forecasts that its price could rise to $6,000 as a result of this approval, Bitcoin.com reports.
Mixed trading conditions and bearish clouds lie ahead for the global crypto market in the next 24 hours, Ether included. This signals downward pressure. Over a one-week horizon, the sun should break through and shine over it, indicating upside potential.
Follow us for more crypto news and weather reports!
Find out more detailed forecasts at www.attmo.ai/