Ethereum

Spot

<ul class="news-points">
 <li><strong>Matrixport expects the SEC to approve a spot Ethereum ETF this week.</strong></li>
 <li><strong>It expects the approval to trigger a rebound in Ethereum’s price after recent gains were lost.</strong></li>
 <li><strong>ETH trades at $3,039, a significant gain from the recent low of $2,826.01.</strong></li>
</ul>
<p>Market analysts at Matrixport are predicting that the U.S. Securities and Exchange Commission will likely approve the long-awaited spot Ethereum ETFs this week, potentially sparking a rebound for the cryptocurrency’s price.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Matrixport?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Matrixport</a> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;">Today-Jul 8: SEC Will Likely Approve <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#ETH</a> ETF This Week<a href="https://twitter.com/hashtag/CryptoFinance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#CryptoFinance</a> <a href="https://twitter.com/hashtag/cryptocurrency?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#cryptocurrency</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/SEC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#SEC</a> <a href="https://t.co/83WVrVjrOZ" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/83WVrVjrOZ</a></p>— Matrixport Official English (@Matrixport_EN) <a href="https://twitter.com/Matrixport_EN/status/1810211157627838681?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 8, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>The post examined the series of significant developments that began on May 20, when the SEC requested prospective ETF issuers to revise their applications. It highlighted that three days after the SEC’s initial request, on May 23, the commission approved the 19b-4 filings alongside the S-1 applications from the ETF issuers.</p>
<p>Notably, in the lead-up to the initial filings for Ethereum spot ETFs, the market value of ETH surged, rallying by nearly 30% from a low of $3,050 to a high of $3,943 in three days.</p> … 
<p>The post <a href="https://coinedition.com/ethereum-spot-etf-approval-could-spark-eth-price-rebound-says-matrixport/" rel="noopener noreferrer nofollow">Ethereum Spot ETF Approval Could Spark ETH Price Rebound, Says Matrixport</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Ethereum Spot ETF Approval Could Spark ETH Price Rebound, Says Matrixport

Coin Edition

8 Tem 2024 tarihli diğer yazılar

Tron Network plans to introduce gas-free stablecoin transfers by Q4

Metaplanet Increases Bitcoin Holdings with $2.42M Purchase Amid Price Drop

Cardano releases ‘Node 9.0,’ paving way for upcoming Chang hard fork

Former U.S. Solicitor General Claims Federal Efforts to Marginalize Crypto Banking in Court Appeal

Bitcoin Bloodbath: Gold To Rally 100%, But What About Digital Gold?

BlackRock’s BUIDL adds over $5m in a week despite market turbulence

Güncel kripto para haberleri için ücretsiz bültenimize abone olun!