Ethereum

Bitcoin ETF

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-hits-69000-ethereum-at-3800" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Hits $69,000, Ethereum at $3,800</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/bitcoin-tumbles-5000-after-soaring-to-record-highs" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>‘s price has once again soared past the $69,000 mark, while Ethereum remains strong at $3,800. This surge comes amid positive developments on the macroeconomic front and favorable news from the SEC. Investors are eagerly observing the latest updates regarding the spot ETH ETF and its potential impact on market prices.</p>
<h2 id="sec-and-eth-etf-directive-what-changed">SEC and ETH ETF Directive: What Changed?</h2>
<p style="text-align: justify">Initial approvals for the spot ETH ETF have been granted, erasing previous uncertainties. Prior to the approval week, the likelihood of approval was estimated between 13-25%. However, a sudden shift in the SEC’s stance took many <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a> by surprise, leading to a significant market reaction including the closure of short positions by prominent figures.</p>
<p style="text-align: justify">The SEC followed through with approval as anticipated. During the spot Bitcoin ETF approval process, multiple S-1 Form approvals followed suit. Given the rapid turnaround, the necessary forms for Ethereum could not be prepared in time. With the deadline for applications by VanEck and ARK having arrived, the SEC announced its decision, solidifying the path forward.</p>
<h2 id="when-will-spot-bitcoin-etf-start-trading">When Will Spot Bitcoin ETF Start Trading?</h2>
<p style="text-align: justify">With the SEC’s initial nod, VanEck updated their filing. However, the process is expected to take a few weeks. The finalization of S-1 forms is anticipated by Friday, with the SEC providing specific feedback the following week. Analysts predict at least 2-3 drafts will be exchanged, leading to adjustments and final approvals within 2 to 3 weeks. The expectation is that trading will commence by the end of June.</p>
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2>
<p style="text-align: justify">Investors should consider the following points based on <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">recent developments</a>:</p>
<ul>
 <li>Monitor SEC announcements related to Ethereum and Bitcoin ETFs closely.</li>
 <li>Expect potential market volatility leading up to and immediately following ETF approvals.</li>
 <li>Understand the timelines for ETF trading commencement to make informed decisions.</li>
</ul>
<p style="text-align: justify">With the SEC’s approval processes underway and market sentiment responding accordingly, investors should stay informed about the timelines and potential impacts of these developments on cryptocurrency prices.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-hits-69000-ethereum-at-3800" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Hits $69,000, Ethereum at $3,800</a></h5>

Bitcoin Hits $69,000, Ethereum at $3,800

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