The rumors that the U.S. SEC may be doing a 180 on the expected denial of spot Ether ETF applications have grown credible over the past 24 hours. At least five ETF applicants have amended their filings (with several making the same change), and the SEC has contacted exchanges looking to list the ETFs. This has spurred gains of over 20% for Ethereum in 48 hours, but other altcoins have slipstreamed their way up the charts too.
Further reading:
- 4 reasons why Bitcoin was (and still is) a buy below $70K
- BlackRock’s Bitcoin ETF hits 6-week inflow high amid early-week BTC rally
- Fidelity reportedly amends Ether ETF S-1 filing, removes ETH staking
- ‘It’s happening’ — 5 Ethereum ETF bidders amend SEC filings
- SEC contacted exchanges to update spot Ether ETF applications: Report
- Ether ETFs could drive ETH price to $10K, but approval could take until 2025
- Dark web market owner arrested in New York after FBI traces crypto
- PEPE reaches new high amid ETH price jump on renewed ETF approval hopes
So, grab yourself a coffee, and let’s get into it!