What ETF Approval Could Mean for Ethereum
The SEC’s recent decision sets Ethereum up for success in numerous new ways, says Ilan Solot, Senior Global Markets Strategist, Marex Solutions.
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The SEC’s recent decision sets Ethereum up for success in numerous new ways, says Ilan Solot, Senior Global Markets Strategist, Marex Solutions.
Grayscale’s GBTC saw $40 million in outflows, the most among its counterparts, while Bitwise’s BITB led inflows at $7.6 million.
One trader expects ETH prices to hit $10,000 in 2024, a nearly 200% increase from current levels of $3,600.
This marked the best day of inflows since March and the second-highest overall since 11 bitcoin ETFs went live in January.
Ether spot ETFs could attract as much as $3 billion of net inflows this year, the report said.
The financial industry veteran discusses ETFs, tokenization and future banking blockchain opportunities at Consensus 2024.
We took a spin through some of the side events and preparations taking place Tuesday ahead of CoinDesk’s annual conference, which starts Wednesday in Austin.
Was the decision politically motivated? What does it mean for Ethereum going forward? Will other leading chains benefit too?
U.S. Securities and Exchange Commission Chair Gary Gensler declined on Thursday to preview his agency’s decision on ether exchange traded funds (ETFs), though he advised observers to “‘stay tuned.”
Ether spot ETF approval would set a precedent as the first non-bitcoin digital asset to be considered a commodity, raising expectations that solana could follow the same path, the report said.