Ethereum

Chin

<ul class="news-points"> 
 <li>ETH surged to $3,717 over the past day, one of its highest levels in over a month.</li> 
 <li>Experts believe the optimism stems from discussions between ETF issuers and the SEC.</li> 
 <li>However, prominent analysts warn of potential rejection of ETH spot ETF applications.</li> 
</ul> 
Ethereum has surged to one of its highest levels in over a month as anticipation grows around the possibility of U.S. exchange-traded funds (ETFs) for the digital asset. Within the last 24 hours, Ethereum has hit a high of $3,717, soaring by over 8.2% from a low of $3,435. Notably, ETH crashed to as low as $3,111 in March. 
Edward Chin, co-founder of Parataxis Capital, suggests the optimism surrounding Ethereum’s price surge stems from discussions between ETF issuers and the U.S. Securities and Exchange Commission (SEC). Chin <a href="https://www.bnnbloomberg.ca/bitcoin-s-nearest-rival-ether-sustains-surge-on-us-etf-speculation-1.2056615#" target="_blank" rel="nofollow">remarked</a>, 
<blockquote class="wp-block-quote"> 
 There’s been some chatter about Ether ETF issuers meeting with the U.S. Securities and Exchange Commission. 
</blockquote> 
Despite the SEC’s historical skepticism towards cryptocurrencies, especially regarding their classification as securities, the success of <a href="https://coinedition.com/breaking-spot-bitcoin-etfs-mark-4-consecutive-days-of-net-inflows/">Bitcoin spot ETFs</a> launched earlier this year has fueled hopes for…
The post <a href="https://coinedition.com/ethereum-soars-8-to-3717-as-etf-talks-with-sec-heat-up/">Ethereum Soars 8% to $3,717 as ETF Talks with SEC Heat Up</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Ethereum Soars 8% to $3,717 as ETF Talks with SEC Heat Up

Coin Edition

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