The U.S. Securities and Exchange Commission (SEC) asked aspiring ether exchange-traded fund exchanges to update 19b-4 filings ahead of a key deadline this week. The SEC had previously been expected to reject the ether ETF filings, and while there’s no guarantee of approval, the move suggests progress is being made. The exchanges that want to […]
Already modestly higher during U.S. trading hours Monday, the price of ether {{ETH}} jumped more than 10% after two well-followed Bloomberg ETF analysts greatly upped their odds of the U.S. Securities and Exchange Commission approving spot ETH ETFs. “James Seyffart and I are increasing our odds of spot Ether ETF approval to 75% (up from […]
Coinbase said ether has the potential to surprise to the upside in the coming months. The cryptocurrency unlikely to be displaced as the center of decentralized finance, the report said. The market may be underestimating the timing and odds of a potential approval of a U.S. spot ether exchange-traded fund. Ether {{ETH}} has underperformed the […]
By Summer Zhen and Samuel Shen HONG KONG (Reuters) -Six spot bitcoin and ether exchange traded funds (ETFs) gained in their Hong Kong debut on Tuesday, with the three bitcoin ETFs climbing more than 2% by midday, reflecting Asian investor enthusiasm for cryptocurrency assets. The debuts mark the first launch of spot cryptocurrency ETFs in […]
Crypto markets are in the red amid renewed fears of U.S. stagflation, a worst-case scenario for risk assets. Bitcoin {{BTC}}, the leading cryptocurrency by market value, traded near $62,400 at press time, down 2.5% on a 24-hour basis, according to CoinDesk Indices data. Ether {{ETH}} traded 3% lower at $3,200, and the CoinDesk 20 (CD20), […]
Bitcoin dipped to $59,900 for the first time since early March as cryptocurrencies slipped Wednesday. Order book data on key spot exchanges shows demand below $60,000, which could halt the decline. The crucial support level for BTC to watch is $59,000, LMAX’s Kruger said. Bitcoin {{BTC}} has given up the entirety of its bounce from […]
(Bloomberg) — Hong Kong gave initial approvals for asset managers to start spot-Bitcoin and Ether exchange-traded funds, the firms said, a development that boosted both digital assets as well as the wider crypto market. Most Read from Bloomberg Harvest Global Investments and a partnership between HashKey Capital Ltd. and Bosera Asset Management (International) Co. announced […]
The spread between bitcoin and ether’s annualized 30-day historical volatility gauges increased to the highest in at least a year, according to data tracked by Kaiko. The spot ETF inflows and Bitcoin blockchain’s impending halving seem to have catalyzed greater volatility in BTC. Bitcoin {{BTC}}, the leading cryptocurrency by market value and trading volumes, is […]
Ether dropped to near $3,200 and other cryptos turned lower as the regulatory headwind weighed on the market. Ether-based spot ETFs likely won’t get approved by the SEC in May, Bloomberg analysts said Tuesday. Ethereum’s ether {{ETH}} tumbled as much as 6% Wednesday amid concern much-hoped-for ETH exchange-traded funds face a roadblock to U.S. approval. […]