Ethereum

Patrick

Bitcoin

<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/news/secs-call-on-ether-etfs-a-pivotal-moment-with-big-win-potential/">SEC’s Call On Ether ETFs: A Pivotal Moment With Big Win Potential&nbsp;</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>As major financial firms sit on the edge of their seats, waiting for the U.S. Securities and Exchange Commission (SEC) to potentially greenlight Ethereum (ETH) futures Exchange-Traded Funds (ETFs), the market’s trajectory could be about to take an exhilarating turn.</p> 
<h2 id="the-deeper-implications-of-eth-futures-etfs" data-name="the-deeper-implications-of-eth-futures-etfs" class="wp-block-heading"><strong>The Deeper Implications of ETH Futures ETFs</strong></h2> 
<p>According to Crypto KOL Adam Cochran, if the news about ETH Futures ETFs is accurate, the SEC’s approval would intrinsically concede that Ethereum itself is not a security. This isn’t just a nod towards Ethereum’s status; it’s a BIG win, and a strong statement that alters the very nature of the crypto debate.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">1/5<br><br>If the ETH Futures ETF news is accurate, it may be even bigger than first meets the eye.<br><br>The SEC cannot really both simultaneously argue that ETH is some new intrinsic "crypto asset security" that is unregistered, and approve an ETH Futures ETF. <a href="https://t.co/rB6TKjGdtR" rel="noopener noreferrer nofollow">pic.twitter.com/rB6TKjGdtR</a></p>— Adam Cochran (adamscochran.eth) (@adamscochran) <a href="https://twitter.com/adamscochran/status/1692322452586553714?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 17, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<h2 id="ethereums-rollercoaster-ride-stability-and-sudden-drops" data-name="ethereums-rollercoaster-ride-stability-and-sudden-drops" class="wp-block-heading"><strong>Ethereum’s Rollercoaster Ride: Stability and Sudden Drops</strong></h2> 
<p>Recent stability in <a href="https://twitter.com/WhaleWire/status/1692310290417734074" rel="noopener noreferrer nofollow">Ethereum’s price</a>, reminiscent of Bitcoin’s behavior before significant price shifts, hints at an impending change. However, the cryptocurrency has been on a wild ride, plunging below critical support zones and tumbling to $1,683.96. Opportunistic investors, like BlockTower Capital, seized the moment, depositing thousands of ETH on Coinbase, and others snapped up discounted tokens worth millions.</p> 
<h3 class="wp-block-heading" id="strong-xrp-connection-clarity-in-distinction-strong"><strong>XRP Connection: Clarity in Distinction</strong></h3> 
<p>This new insight aligns with the <a href="https://coinpedia.org/news/pro-xrp-lawyer-explains-what-will-happen-if-ripple-decides-to-appeal-the-ruling-on-institutional-sales/" rel="noopener noreferrer nofollow">XRP appeal case</a>, revealing that the asset itself and its sales must be considered distinctly. In fact it does not label all crypto assets as non-securities. Still, it does mean that the SEC is recognizing that there is a line somewhere.</p> 
<h2 id="more-players-in-the-game-grayscale-and-valkyrie-investments" data-name="more-players-in-the-game-grayscale-and-valkyrie-investments" class="wp-block-heading"><strong>More Players in the Game: Grayscale and Valkyrie Investments</strong></h2> 
<p>Grayscale Investments LLC, eagerly awaiting the SEC’s decision regarding its Bitcoin trust transformation into an ETF, has already signaled its readiness to expand. Meanwhile, Valkyrie Investments is not far behind, with a new filing for an Ethereum futures ETF.</p> 
<p>Grayscale’s tweeted announcement about <a href="https://twitter.com/Grayscale/status/1692163372241056254" rel="noopener noreferrer nofollow">hiring for their ETF team</a> caught the eye of former Binance Chief Strategy Officer Patrick Hillmann, who acknowledged the unique challenges ahead but expressed confidence in overcoming them.</p> 
<p>The potential approval of Ethereum ETFs is more than a business transaction. It’s a statement and a validation, a change in the wind that could redefine how the cryptocurrency world operates and is perceived.</p> 
<p>As the eyes of the crypto world turn to the SEC, we must remember to ask: What’s really going on here? And who stands to benefit? Keep watching, keep questioning, and keep your wallets close. After all, in the world of crypto, the only sure bet is uncertainty.</p>

SEC’s Call On Ether ETFs: A Pivotal Moment With Big Win Potential

Table of Contents

CoinPedia News

Other articles published on Aug 18, 2023

XRP Finds Stalwart Support in 50 EMA Amidst Volatile Markets

Pro-XRP Lawyer Explains What Will Happen if Ripple Decides to Appeal the Ruling on Institutional ...

Zcash Price Prediction: Will ZEC price test $35 by August End?

Bitcoin Crash: SpaceX Sold $375 Million Holdings

QCP Capital Releases Its New Report Following Bitcoin’s Latest Decline

Solana Price Prediction 2023: Is SOL Price About To Spike Upward?

Join our free newsletter for daily crypto updates!