Ethereum (ETH) Spot ETF Approval by SEC Imminent – ConsenSys Predicts S-1 Filings Could Be Approved in a Matter of Days-web3.0-php.cn

Ethereum (ETH) Spot ETF Approval by SEC Imminent – ConsenSys Predicts S-1 Filings Could Be Approved in a Matter of Days

Jun 24, 2024 am 08:21 AM

Blockchain software technology company, ConsenSys has predicted that the SEC could approve S-1 filings for spot Ethereum Exchange Traded Funds (ETFs) in a matter of days.

Ethereum (ETH) Spot ETF Approval by SEC Imminent – ConsenSys Predicts S-1 Filings Could Be Approved in a Matter of Days

Blockchain software technology company Consensys has predicted that the SEC could approve S-1 filings for spot Ethereum Exchange Traded Funds (ETFs) in a matter of days.

According to Collin Brown, a renowned blockchain researcher, this prediction bodes well for Ethereum, the second-largest cryptocurrency. Bloomberg ETF analyst Eric Balchunas has also revised his prediction, suggesting that Ethereum ETFs could start trading as early as July 2.

This development could draw attention to the second-largest cryptocurrency and drive prices to all-time highs.

At the time of writing, Bitcoin (BTC) is trading at $64,100 after a 3.8% drop last week.

Ethereum (ETH), on the other hand, is trading at $3,474 and has also suffered a setback, dropping 3.1% last week.

However, institutional adoption is on the rise, with several financial giants offering services related to crypto products, which will continue to positively influence prices and ensure long-term prosperity.

News source：https://www.kdj.com/cryptocurrencies-news/articles/ethereum-eth-spot-etf-approval-imminent-consensys-predicts-filings-approved-matter-days.html

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