bitcoin
Bitcoin (BTC) $ 51,582.82
ethereum
Ethereum (ETH) $ 3,021.69
tether
Tether (USDT) $ 0.999746
bnb
BNB (BNB) $ 378.95
usd-coin
USDC (USDC) $ 0.999823
xrp
XRP (XRP) $ 0.54529
binance-usd
BUSD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.086072
cardano
Cardano (ADA) $ 0.59578
solana
Solana (SOL) $ 103.24
matic-network
Polygon (MATIC) $ 0.981926
polkadot
Polkadot (DOT) $ 7.75
tron
TRON (TRX) $ 0.137677
Sunday, February 25, 2024
More
    bitcoin
    Bitcoin (BTC) $ 51,582.82
    ethereum
    Ethereum (ETH) $ 3,021.69
    tether
    Tether (USDT) $ 0.999746
    bnb
    BNB (BNB) $ 378.95
    usd-coin
    USDC (USDC) $ 0.999823
    xrp
    XRP (XRP) $ 0.54529
    binance-usd
    BUSD (BUSD) $ 1.00
    dogecoin
    Dogecoin (DOGE) $ 0.086072
    cardano
    Cardano (ADA) $ 0.59578
    solana
    Solana (SOL) $ 103.24
    matic-network
    Polygon (MATIC) $ 0.981926
    polkadot
    Polkadot (DOT) $ 7.75
    tron
    TRON (TRX) $ 0.137677

    SEC delays Constancy’s Ethereum spot ETF, however choices are nonetheless anticipated in Might

    -

    -Advertisment-
    BuyBitcoinFiveMinute

    The U.S. Securities and Alternate Fee (SEC) stated on Jan. 18 that it has delayed its choice on Constancy’s proposed spot Ethereum ETF.

    Extra particularly, the choice issues a proposed rule change that may permit Cboe BZX to checklist and commerce shares of Constancy’s deliberate fund.

    - Advertisement -

    The SEC famous that the proposed rule change was initially filed on Nov. 17, 2023 and printed for remark within the federal register on Dec. 6, 2023.

    The SEC stated immediately that, primarily based on these dates, it was beforehand required to approve, reject, or institute proceedings figuring out whether or not to disapprove the proposed rule change by Jan. 20.  Nonetheless, it has now chosen to make use of a provision that enables it to increase that deadline by 45 days to March 5, 2024.

    It’s seemingly that the SEC will select to institute proceedings round Constancy in March, because it performed for sure different pending funds.

    SEC anticipated to resolve on ETH ETFs in Might

    Bloomberg ETF analyst James Seyffart stated immediately that the Constancy delay was “fully anticipated” and asserted that late Might deadlines “actually matter.”

    That Might deadline seems to be associated to the truth that the SEC should both approve or reject  VanEck’s competing spot Ethereum ETF proposal by Might 23.

    Because the SEC has already instituted proceedings on VanEck’s software, it can not delay its choice any additional. And since the SEC usually approves related ETFs collectively, it’ll seemingly resolve on all pending spot Ethereum ETFs in late Might, despite the fact that different functions have later deadlines.

    See also  Bitcoin Miners Lead In Clear Power Adoption, Surpassing 50%

    It must also be famous that Constancy, VanEck, and several other different candidates succeeded in gaining approval for spot Bitcoin ETFs on Jan. 10. The success of these Bitcoin ETFs doesn’t assure that Ethereum ETF proposals can even achieve approval.

    Public expectations are divided: one prediction market on Polymarket at the moment reviews 54% odds in favor of spot Ethereum ETF approvals.

    ETH Value & Market Knowledge

    On the time of press, Ethereum is ranked #2 by market cap and the ETH worth is down 2.47% over the previous 24 hours. ETH has a market capitalization of $295.94 billion with a 24-hour buying and selling quantity of $11.91 billion. Be taught extra about ETH ›

    ETHUSD Chart by TradingView

    Market abstract

    On the time of press, the worldwide cryptocurrency market is valued at at $1.63 trillion with a 24-hour quantity of $63.06 billion. Bitcoin dominance is at the moment at 49.61%. Be taught extra ›

    -Advertisment-
    -Advertisment-
    -Advertisment-
    -Advertisment-

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    -Advertisment-

    LATEST POSTS

    Filecoin surges to new highs fueled by pivotal Solana deal and...

    Filecoin has surged to a brand new yearly excessive amid important growth inside its ecosystem. The decentralized storage protocol’s FIL token value soared to a yearly...

    Ethereum Worth Retreats From $3K However Bulls Stay In Cost

    Ethereum value spiked above the $3,000 resistance earlier than the bears appeared. ETH is correcting positive factors, however dips is likely to be restricted under...

    Pantera Capital Foresees Upcoming Surge in Cryptocurrency Market

    In an replace that has caught the eye of the asset group, Pantera Capital, a well-known American hedge fund specializing in cryptocurrencies has shared constructive...

    Ping Alternate’s hybrid chilly storage redefines requirements for crypto trade custody

    The launch of Ping Alternate indicators a possible new stage in digital property buying and selling. The hybrid platform merges sturdy safety protocols with user-focused...
    -Advertisment-
    BuyBitcoinFiveMinute

    Most Popular