Ethereum

Spot

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/etf-store-president-expects-spot-ethereum-etf-to-start-trading-soon/" data-wpel-link="internal">ETF Store President Expects Spot Ethereum ETF to Start Trading Soon</a><br></p>
<p style="text-align: justify">The ETF Store’s president <strong>Nate Geraci</strong> strongly believes that the spot Ethereum ETF will be listed and start trading within the next two weeks. Geraci is confident due to recent developments in the regulatory environment that have paved the way for the launch of such financial products. While the launch could happen late next week, it seems more likely in the week of July 15.</p> 
<h2 style="text-align: justify" id="why-is-the-spot-ethereum-etf-so-important">Why Is the Spot Ethereum ETF So Important?</h2> 
<p style="text-align: justify">The spot Ethereum ETF will be a significant milestone for the <a href="https://en.coin-turk.com/cdaa-digital-asset-management-certification-program-begins-its-3rd-term-in-collaboration-with-kadir-has-university/" data-wpel-link="internal">cryptocurrency market</a>. Such an ETF will allow <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> to directly invest in Ethereum without having to buy and manage the cryptocurrency themselves.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-368635 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/spot-ethereum-etf-.png" alt="" width="500" height="231"></p> 
<p style="text-align: justify">This could potentially attract a broader range of investors, including those hesitant to deal with the complexities of managing cryptocurrencies. However, it should be noted that the market has not responded positively to the <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">new development</a> for the spot Ethereum ETF. Since the unexpected approval of the 19b-4 form at the end of May, ETH prices have experienced a significant decline of over 20%.</p> 
<h2 style="text-align: justify" id="why-is-the-19b-4-form-important">Why Is the 19b-4 Form Important?</h2> 
<p style="text-align: justify">The 19b-4 form is a critical regulatory requirement used by the U.S. Securities and Exchange Commission (<strong>SEC</strong>) to review proposed rule changes by self-regulatory organizations like exchanges. The approval of this form is a significant step toward launching new ETFs.</p> 
<p style="text-align: justify">Its unexpected approval at the end of May became a major topic of discussion in the industry and increased speculation and expectations regarding the imminent launch of the spot Ethereum ETF.</p> 
<p style="text-align: justify">Despite the recent decline in ETH prices, the launch of the spot <strong>Ethereum ETF</strong> could potentially stabilize and even strengthen the market. Such financial products typically attract more institutional investors who prefer the regulatory oversight and simplicity of ETF trading over direct investments in cryptocurrencies. This could lead to increased liquidity for Ethereum and potentially more stable price movements. At the time of writing, the price of Ethereum was trading at $3,034.</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/etf-store-president-expects-spot-ethereum-etf-to-start-trading-soon/" data-wpel-link="internal">ETF Store President Expects Spot Ethereum ETF to Start Trading Soon</a></h5>

ETF Store President Expects Spot Ethereum ETF to Start Trading Soon

Innholdsfortegnelse

COINTURK NEWS

Andre artikler publisert på 7. juli 2024

Michael Saylor’s Insightful Take on Bitcoin’s Volatility: An Analysis

Notcoin Price Explodes 50% Out of Nowhere, Analyst Predicts NOT Rally is Just Beginning

Latest Airdrops and Updates

With PawFury (PAW) Coin Presale In Full Swing, Competition From Chainlink And ChainGPT Weakens

Germany transfers about $40.5m in Bitcoin amid ongoing sell-off

Is LUNC Price Recovery Just the Beginning? What to Expect Next

Bli med på vårt gratis nyhetsbrev for daglige kryptooppdateringer!