The crypto community is abuzz with speculation about the potential approval of spot Ethereum (ETH) exchange-traded fund (ETF) applications in May 2024. This comes in the wake of the US Securities and Exchange Commission’s (SEC) decision to greenlight the trading of spot Bitcoin ETFs, a move that has been seen as highly beneficial for Ethereum.
Following the SEC’s official announcement of the spot Bitcoin ETF approval, the price of Ethereum has seen a significant uptick. The cryptocurrency managed to reach a price point of $2600, and at the time of writing, it is trading at $2625. This represents an 8% increase within the last 24 hours.
The focus of the crypto community has now shifted to the potential approval of spot Ethereum ETF applications. Notably, applications from VanEck, ARK Invest, and Hashdex are currently under discussion. As the community awaits further details, the anticipation continues to build.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇺🇸 |
| Sentiment | positive |
| Relevance Score | 1 |
| People | None |
| Companies | ARK Invest, Hashdex, VanEck, US SEC |
| Currencies | Ethereum, Bitcoin |
| Securities | None |
