Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»Ethereum price soars amid speculation about possible approval of Ethereum ETF in May
ADOPTION NEWS

Ethereum price soars amid speculation about possible approval of Ethereum ETF in May

By Crypto FlexsJanuary 11, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum price soars amid speculation about possible approval of Ethereum ETF in May
Share
Facebook Twitter LinkedIn Pinterest Email

Bloomberg Senior Exchange Traded Fund Analyst Eric Balchunas said 70% chance of on-site approval Ethereum ETH

+10.90%
By May of this year, we received exchange-traded fund (ETF) approval from the U.S. Securities and Exchange Commission.

In the last 24 hours, the price of Ethereum has risen 8% to $2,613, recording a growth of almost 18% over the past 7 days. Crypto industry experts say this signals investor optimism about a potential Ether ETF after the SEC approved 11 spot Bitcoin ETFs earlier today.

“Starting with the BTC ETF, a ‘buy the rumor, ignore the news, buy the next rumor’ approach is taking shape,” said Joe Caselin, head of institutional marketing at BIT cryptocurrency exchange. “BlackRock submitted an application for an ETH ETF in November 2023. This is a lot less certain than the numerous BTC ETF applications that have just been approved, but since it will already be the first product for ETH, the potential is huge. “Great appeal to institutional investors”

Black Rock, I’m looking forward to it. Bitcoin ETF Launches on Thursday, which has received 575 approvals from regulators and has a record of only one ETF rejection. The deadlines for the SEC’s first final decision on Ark and 21Shares’ on-site ETH ETF applications are as follows: May 23.

There still remains uncertainty surrounding the approval of an Ethereum ETF, given current SEC Chairman Gary Gensler’s adamant stance that all cryptocurrencies other than Bitcoin are financial securities. That said, Gensler’s predecessor, Jay Clayton once mentioned it. If a small number of tokens become widely dispersed, they may no longer be considered securities. Former SEC corporate finance director William Hinman also said in a 2018 speech that Ether coin is not a financial security, given its decentralized nature.

Is Solana ETF possible?

If the SEC decides to approve a spot Ethereum ETF, other large cryptocurrencies like Solana could be next, Rachael Lucas, a cryptocurrency technology analyst at Australia-based cryptocurrency exchange BTC Markets, told The Block. “Although Solana is a relatively young ecosystem compared to Bitcoin or Ethereum, positive news and notable performance in 2023 marked by increased developer activity have captured investor interest. Solana, in particular, achieved an impressive price increase of 920%, significantly surpassing Bitcoin’s 155% growth over the same period,” Lucas said.

BIT’s Caselin shared the same view that the launch of the Ethereum ETF would provide more financial instruments, providing access to a wider variety of crypto assets. “We may look at a variety of ETFs that provide access to the highest market capitalization tokens and projects, but we may be better suited to a top 50 ETF rather than 50 individual ETFs. ‘Blue Chip’ token.”


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

It flashes again in July

July 6, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025
Add A Comment

Comments are closed.

Recent Posts

Encryption responded to US-Vietnamese trade transactions. BTC wiped $ 110K

July 13, 2025

Rich Miner plan aims to audit a stable encryption.

July 12, 2025

Tethers in September, completing USDT support for Omni, Bitcoin Cash SLP, KUSAMA, EOS and Algorand

July 12, 2025

21.72% of encryption in the second quarter of 2025

July 11, 2025

Arthur Hayes will continue to predict the super -large Altcoin season.

July 11, 2025

Watt protocol audit summary -ACKEE blockchain

July 11, 2025

MultiBank Group Confirms $MBG Token TGE Set For July 22, 2025

July 11, 2025

BTC, LTC, XRP and other crypto hobby holders can earn $5282 per day – SWL Miner

July 11, 2025

What It Means For Crypto Investors

July 11, 2025

PUMP.FUN tokens are traded at 40% premium at ICO prices.

July 11, 2025

Mine Bitcoin And Dogecoin For Free With DL Mining! UK Compliance Platform Officially Opened

July 11, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Encryption responded to US-Vietnamese trade transactions. BTC wiped $ 110K

July 13, 2025

Rich Miner plan aims to audit a stable encryption.

July 12, 2025

Tethers in September, completing USDT support for Omni, Bitcoin Cash SLP, KUSAMA, EOS and Algorand

July 12, 2025
Most Popular

Bitcoin enthusiasts criticize the Arizona Governor who rejects Bitcoinville.

May 4, 2025

El Salvador holds more Bitcoin (BTC) than expected

March 17, 2024

Elacity partners with Particle Network and Beatfarm to bring streamlined Web3 to music superfans

August 11, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.