Ethereum

Franklin

Spot

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/sec-approves-spot-ethereum-etfs-and-vaneck-quickly-responds/" data-wpel-link="internal">SEC Approves Spot Ethereum ETFs and VanEck Quickly Responds</a><br></p>
<p style="text-align: justify">One of the biggest uncertainties in cryptocurrencies, spot <a href="https://en.coin-turk.com/valkyrie-receives-sec-approval-to-launch-ethereum-futures-etf/" data-wpel-link="internal">Ethereum</a> ETFs, has been resolved. May 23 marked the final decision day for VanEck’s proposed ETF. The <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a>‘s pessimism in recent weeks turned into great optimism at the beginning of the week, and the expected happened. The SEC approved 8 spot Ethereum ETFs. Shortly after the approval, VanEck quickly released a commercial.</p> 
<h2 style="text-align: justify" id="vaneck-moves-quickly">VanEck Moves Quickly</h2> 
<p style="text-align: justify">The giant asset manager VanEck made a quick decision following the approval of the spot Ethereum ETF. VanEck shared a commercial with its followers with the slogan “Enter Ethereum.” This 37-second eye-catching commercial seems to have already reached thousands of people.</p> 
<p style="text-align: justify">VanEck published the commercial on May 23, approximately 30 minutes after the Securities and Exchange Commission approved the 19b-4 application for a spot Ether ETF along with BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy, and Bitwise, demonstrating once again how quickly it wanted to act.</p> 
<p style="text-align: justify">It is important to remember that the SEC must also approve the ETF’s S-1 filing for issuers to start trading, which analysts indicate could take longer than expected.</p> 
<blockquote> 
 <p>Could it be the fuel for a less centralized and open-source economy?” VanEck’s commercial questions. “What could Ethereum be? It depends on you and me.</p> 
</blockquote> 
<p style="text-align: justify">On the other hand, VanEck’s commercial attracted significant interest. Within just half an hour on the X platform, the post was reshared over 1,000 times and had already reached 170,000 viewers.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-355128" src="https://coin-turk.com/wp-content/uploads/2024/05/van-eck-ethereum-etf-coin-turk-com.png" alt="" width="815" height="644"></p> 
<p style="text-align: justify">The reactions to the first commercial were also positive. Colin Goltra, the COO of Yield Guild <a href="https://newslinker.co/category/gaming/" target="_blank" rel="noopener" data-wpel-link="exclude">Games</a>, stated that “the commercial is actually very strong.”</p> 
<p style="text-align: justify">The anonymous co-founder of the DeGods private club X+, “Mav,” also made an important statement. In his statement, he said:</p> 
<blockquote> 
 <p>Today, boomers are discovering smart contracts for the first time [and] realizing that crypto can be more than digital gold.</p> 
</blockquote> 
<h2 style="text-align: justify" id="what-is-ethereum-s-price">What is Ethereum’s Price?</h2> 
<p style="text-align: justify">While these events were unfolding, all eyes were on the price of Ethereum. Ethereum had dropped by 8% to $3,500 just minutes before the approval.</p> 
<p style="text-align: justify">Subsequently, the price recovered and returned to over $3,819, which means an increase of over 1% in the last 24 hours. Ethereum’s market cap returned to the $460 billion level, while its trading volume reached $46.4 billion after an 85% increase.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/sec-approves-spot-ethereum-etfs-and-vaneck-quickly-responds/" data-wpel-link="internal">SEC Approves Spot Ethereum ETFs and VanEck Quickly Responds</a></h5>

SEC Approves Spot Ethereum ETFs and VanEck Quickly Responds

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