Ethereum

Bitcoin ETF

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/sec-approves-bitcoin-etf-and-eyes-ethereum-etf-approval/" data-wpel-link="internal">SEC Approves Bitcoin ETF and Eyes Ethereum ETF Approval</a><br></p>
<p style="text-align: justify">In 2023, rumors circulated about when the Bitcoin ETF would be approved, and on January 10, 2024, it received approval. This led to an initial market drop followed by a historic rise. Bitcoin reached its ATH, and ETH surpassed $4,000 for the first time in a long period. Subsequently, attention turned to the spot <a href="https://en.coin-turk.com/bitmex-increases-leverage-for-ethereum-perpetual-contracts-to-200x/" data-wpel-link="internal">Ethereum</a> ETF, and as a historic development, the SEC gave its first approval on May 23, with discussions about the approval date for the S-1 documents.</p> 
<h2 style="text-align: justify" id="sec-and-potential-approval-date-for-ethereum-etf">SEC and Potential Approval Date for Ethereum ETF</h2> 
<p style="text-align: justify">Recently, SEC Chairman Gary Gensler made an important announcement, stating that everything was on track with the spot Ethereum ETF’s regulatory process.</p> 
<p style="text-align: justify">Eric Balchunas, a renowned ETF expert in the US, frequently mentioned in the approval process of spot ETFs, suggested that the spot Ethereum ETF could start trading in the first week of July.</p> 
<p style="text-align: justify">According to information shared by sources with Reuters a few minutes ago, US regulators could approve spot ETH ETFs to be launched by July 4.</p> 
<p style="text-align: justify">Following this <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">news</a>, all eyes turned to the Ethereum price, which was experiencing significant activity.</p> 
<h2 style="text-align: justify" id="what-is-the-current-price-of-ethereum">What is the Current Price of Ethereum?</h2> 
<p style="text-align: justify"><strong>Ethereum</strong> price became the focus of <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> following the news. About 3 hours ago, ETH price dropped from $3,380 to below $3,340 but started rising again before the news and surpassed $3,380.</p> 
<p style="text-align: justify">After the news, the price slightly retracted and continued trading at $3,380 following a 0.28% drop.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-365491" src="https://coin-turk.com/wp-content/uploads/2024/06/ethereum-gorunum-coin-turk-com.png" alt="" width="2433" height="1145"></p> 
<p style="text-align: justify">During this period, ETH’s market cap rose and surpassed $400 billion, now standing at $407 billion. Additionally, the 24-hour trading volume saw a 28.4% drop, now at $11.2 billion, reflecting a noticeable decline in market interest.</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-bitcoin-etf-and-eyes-ethereum-etf-approval/" data-wpel-link="internal">SEC Approves Bitcoin ETF and Eyes Ethereum ETF Approval</a></h5>

SEC Approves Bitcoin ETF and Eyes Ethereum ETF Approval

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