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Ethereum Forum / Re: Will we really see an Ethereum ETF?
« on: Today at 04:29:10 PM »The latest news around Ethereum and the possible approval of spot ETFs:my goodness, what news, that's why ETH did a pump
1. the SEC is asking exchanges to update 19b-4 filings for Ethereum ETFs on an expedited basis. Potential issuers also need to approve their S-1 filings before products can begin trading.
2. Galaxy's research director said that the SEC may recognize that Ethereum itself is not a security, while stacked ETH is a security.
3. Open interest in Ethereum futures contracts is $14.83 billion, a record high.
4. CryptoQuant recorded a record demand for Ethereum long positions in the history of trading - $530 000 000 in a matter of minutes.
Link to the news: https://www.coindesk.com/policy/2024/05/20/ether-etfs-filing-process-sees-abrupt-progress-though-approval-not-guaranteed-sources
this news does nothing but make the summer really hot from this point of view, and with the dwarf Gary of the SEC cornered and back against the wall we will certainly see some good ones
I'm already laughing now