Ethereum ETF Approval Could Spur 60% Rally as ETH Buying Increases
Holders cumulatively bought over 100,000 ETH in spot markets on Tuesday, the highest daily level since September 2023.
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Holders cumulatively bought over 100,000 ETH in spot markets on Tuesday, the highest daily level since September 2023.
The notional open interest, or the dollar value locked in the number of active ether futures contracts, surged by 25% in a single day.
The U.S. SEC has asked exchanges to update 19b-4 filings for ether ETFs ahead of a key deadline, suggesting potential approval progress, though approval is not guaranteed.
Markets previously had mostly priced in SEC rejections of the proposed funds beginning this week.
The asset manager has been helping educate pension funds, endowments and sovereign wealth funds about the new spot bitcoin ETF products, the firm’s head of digital assets said.
Zhu Haokang is head of digital asset management and family wealth at one of the ETF providers, ChinaAMC.
One of the issuers waived management fees for the first six months, undercutting rival offerings.
Hong Kong could approve approve spot bitcoin (BTC) and ether (ETH) exchange-traded funds as early as Monday, Bloomberg said, citing two people familiar with the matter.
The U.S. Securities and Exchange Commission has opened the window for comments on three ether spot exchange traded fund (ETF) proposals.
CoinDesk reported Wednesday that the Ethereum Foundation faces a confidential inquiry, and Fortune said the SEC is examining whether ETH is a security.