•Blockchain for Transparency:
- U.S. presidential candidate Robert F. Kennedy Jr. suggests putting the U.S. budget on the blockchain for increased transparency 💡
- Americans could track funds and expose corruption, like a $16,000 toilet seat purchase 🚽
•Bitcoin's Bull Run in Doubt:
- Standard Chartered predicts $150,000 by year's end, but analysts are skeptical 🤔
- Bitcoin's halving may not spark a lasting bull run over the next 12-18 months 📉
- Miners are losing money, and transaction fees are declining 💸
•Ethereum ETF Approval Unlikely:
- SEC delays decision on spot Ethereum ETFs, extending review period to June 11 📆
- Industry heavyweights like BlackRock and Grayscale face bleak prospects for approval 🤕
- Analysts estimate only a 35% chance of spot Ether ETF approval 🤔
•Wallet Woes:
- Samourai Wallet founders arrested for laundering over $100 million 🚔
- Wasabi Wallet blocks U.S. citizens, Phoenix Wallet ceases operations for U.S. residents 🚫
•Legal Battles:
- Custodia Bank appeals lower court decision denying entry into U.S. banking system 🏢
- Pro-crypto lawyer John Deaton supports Coinbase's motion for interlocutory appeal 🤝
- SEC sues Bitcoin mining company Geosyn for unregistered securities offering 🚨
- MetaMask developer Consensys sues SEC over Ethereum oversight 🤖
• Market Insights:
- Spot Bitcoin ETF sector experiences capital outflow of $217 million on April 25 📉
- BNY Mellon exposed to BTC ETFs, highlighting institutional interest in cryptocurrencies 🏦
- Ethereum co-creator Vitalik Buterin highlights drawbacks of proof of work design 🤔
- Blockchain developer Movement Labs raises $38 million in venture capital 💰
$ETH $BTC
#BitcoinNews #Consensys #EthereumETF #write2earn🌐💹 #CryptoVentureCapital

Despite recent setbacks and a difficult regulatory climate, Grayscale and BlackRock are moving forward with their Ethereum ETF applications.Ethereum’s price is optimistic right now, indicating confidence even in the unlikely event that an ETF is approved.
Both BlackRock and Grayscale Investments are continuously updating their applications for a spot Ethereum ETF. These actions coincide with reluctance on the part of the Securities and Exchange Commission (SEC) and a general assumption of denial.
Grayscale and BlackRock Move Forward: Updates on Their Ethereum ETF Applications
The first cryptocurrency fund manager, Grayscale, just submitted an S-3 registration statement on April 23. In order to transform its current Grayscale Ethereum Trust into a spot exchange-traded fund (ETF), this filing is a crucial first step.
In keeping with Grayscale’s intention for a mini Bitcoin ETF, they have also filed for an S-1 registration for a mini Ethereum ETF. Still awaiting SEC approval, though, are these cutting-edge financial products, in line with what ETHNews previously disclosed.
NYSE Arca has been actively supporting Grayscale’s goals at the same time, as seen in its previous Form 19b-4 filing. This collaborative effort demonstrates the industry’s commitment to integrating Ethereum more centrally into the trading space.
BlackRock has also been working on another front. The financial titan made changes to its iShares Ethereum Trust Nasdaq registration. In contrast to conventional in-kind procedures, the amendment proposes cash-based creation and redemption processes.
By aligning the fund with other Ethereum ETF applications and previously approved spot Bitcoin ETFs, this strategic move seeks to potentially establish a new benchmark for cryptocurrency ETF operations.
Even with these developments, public opinion toward Ethereum ETF approval is still largely negative.
Due to doubts regarding the ETF’s short-term viability in the U.S. market, Bloomberg ETF analyst Eric Balchunas recently lowered the likelihood of approval to a startling 25%.
Furthermore, by May 31st, the betting platform Polymarket predicts an 11% likelihood of SEC approval.
The Most Recent Price Trends for Ethereum
The Bitcoin market is reflecting this cautious mindset. The ETH price is currently $3,251.17, according to the most recent data from CoinMarketCap. It has increased by 2.82% over the previous day.
With a 5.46% increase over the last week, Ethereum has demonstrated a positive tendency. This illustrates the market’s tenacious confidence in the face of regulatory uncertainty.

It’s interesting to note that the CEO of Coin Bureau believes there may be benefits to the delays in ETF licensing.
The argument is based on the traditional banking sector’s lackluster interest in cryptocurrencies, which suggests that a more gradual and methodical approach could prevent the market from becoming oversaturated too soon.
The public and investors are keeping a tight eye on the SEC as it prepares to reach a decision in May.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#EthereumETF #ETH

Standard Chartered’s SC Ventures and SBI Holdings plan to invest $100 million in crypto startups.They aim to invest globally, covering seed to Series C funding rounds.SC Ventures, the investment arm of the Standard Chartered bank, and SBI Holdings, the Japanese financial conglomerate, have partnered to set up a $100 million crypto vehicle in the United Arab Emirates.The vehicle, in the form of a joint venture, plans to invest in crypto across areas such as decentralized finance, tokenization, infrastructure, payments and the metaverse, the two companies said Thursday. It aims to invest globally, covering seed to Series C funding rounds. The news comes with crypto markets showing signs of recovery, hinting at potentially bullish sentiment. Bitcoin is currently trading at about $36,800, marking a year-to-date gain of over 120%. Spot crypto trading volume on centralized exchanges also increased in October following four months of decline. If those metrics point to renewed interest in crypto, it is likely in anticipation of a spot bitcoin ETF approval early next year.'Strategic and minority investments'The SC Ventures and SBI Holdings joint venture plans to make "strategic and minority investments" in crypto startups, said Alex Manson, CEO of SC Ventures, in a statement. "The Joint Venture will leverage SC Ventures' experience in digital assets through our ventures, such as Zodia Custody and Zodia Markets, and through our investments in fintechs like Ripple and Metaco," he added.In May, SC Ventures exited its stake in Metaco as Ripple acquired it for $250 million. Meanwhile, SC Ventures and SBI Holdings have previously invested in the same startups, including Solv, Zodia Custody and myZoi.SBI Holdings is also launching a separate fund by the end of this year to invest up to 100 billion yen ($663 million) in web3, AI, and fintech startups, as reported by Nikkei today. Japanese financial giants Sumitomo Mitsui Banking Corporation, Mizuho Bank, Nippon Life Insurance, and Daiwa Securities Group have reportedly already decided to invest more than 50 billion yen in the fund.#ETF #Poloniex #EthereumETF #BTC🔥🔥 #Celsius

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Bloomberg’s ETF analyst, James Seyffart, anticipates that additional spot Ethereum ETFs will be submitted in the upcoming days.

The race to launch the first Ethereum exchange-traded fund (ETF) in the United States has begun. This kickstarted when the Chicago Board Options Exchange (CBOE) submitted two 19b-4 applications to the Securities and Exchange Commission (SEC) on September 6.

These applications are for the ARK 21Shares Ethereum ETF and VanEck Ethereum ETF to be listed on CBOE’s BZX Exchange.

Bloomberg’s ETF analyst, James Seyffart, explained that these 19b-4 filings signal the start of the countdown for an SEC decision.

He declared, “The race for the Spot Ethereum ETF is officially underway,” and estimated that a final decision from the SEC could be expected around May 23, 2024.

A 19b-4 form is a request filed by organizations like stock exchanges, asking the U.S. Securities and Exchange Commission (SEC) for a rule change. On the other hand, an S-1 filing is just a declaration of a company’s intention to list a specific investment product on a national exchange.

Now, the SEC must review the 19b-4 filings and make a decision. However, like they did with spot Bitcoin ETFs, the SEC can also delay its decision.

ARK Invest and 21Shares jointly submitted an S-1 to the SEC on September 6, while VanEck’s S-1 filing dates back to July 2021.

Seyffart anticipates that more applications for spot Ethereum ETFs will be submitted in the near future.

On August 17, the SEC showed its interest in approving investment products related to Ethereum Futures. At the same time, various companies like Grayscale Investments and BlackRock are actively seeking approval for a Bitcoin ETF that tracks the actual Bitcoin spot price.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#EthereumETF #ETF #VanEck #ArkInvest

In an exciting turn of events, Ethereum has surged beyond the $2,000 mark today, marking a substantial upswing in its price. This remarkable development follows a major announcement from BlackRock, a financial powerhouse with over $9 trillion in assets under management.
As of the time of writing, Ethereum (ETH) is trading at $2,027.0, reflecting an impressive 7.12% increase in the last 24 hours.
BlackRock, known for its dominance in asset management, has made a strategic move by officially registering an Ethereum trust in the state of Delaware. This move mirrors their previous initiative related to Bitcoin, where the financial giant successfully registered the iShares Bitcoin Trust.
It’s worth noting that this Ethereum trust registration closely follows BlackRock’s recent submission of an ETF (Exchange-Traded Fund) application for Bitcoin to the U.S. Securities and Exchange Commission (SEC). This pattern suggests an emerging trend that could have far-reaching implications for the future of Ethereum’s ETF proposal.

The registration of an Ethereum trust by BlackRock is a significant sign of growing institutional interest in this digital asset. It streamlines the process for investors who wish to gain exposure to Ethereum without the complexities of direct trading.
In response to this exciting announcement, the price of Ethereum (ETH) experienced a surge, reaching a peak of $2,050.
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$ETH #EthereumETF #ETF #BlackRock

The Securities and Exchange Commission has delayed ruling on spot #EthereumETF applications by Grayscale Investments and BlackRock Inc. The Agency said on 25th January that, they'll need more time to decide on Ethereum ETF. Greyscale, one of the pioneers in this space filled Convert their Greyscale Trust Fund to Spot ETF. SEC said they need further information & Analysis to continue the proceedings. Spot Ethereum ETF based on the price of ether, the second largest Cryptocurrency by Marketcap. Earlier Big Giants like Greyscale and BlackRock show their interest on Ethereum Spot ETF and Filled their application last winter. Additionally SEC approved Bitcoin ETF January this year. On January 10,2024 SEC approved 11 Spot Bitcoin ETF. So everyone is optimistic about the Ethereum ETF.Bloomberg Forcast on ETH ETFEthereum is a smart contracts blockchain platform used by software developers to build their projects, while bitcoin is primarily used as currency.  Ether and bitcoin were both trading flat over the past 24 hours, with ETH perched at about $2,220 and BTC at around $39,900. Major cryptocurrencies have struggled since the spot bitcoin approvals. ©This article is for information only and not an endorsement of any project or entity. The names mentioned are not related to us. We are not liable for any losses from investing based on this article. This is not financial advice. This disclaimer protects both you and us.⚡ More Alpha, Join Us, Follow  Us, Share Us ⚡ @Techandtips123 #Write2Earn #TrendingTopic $ETH $BTC

Following the approval of several spot Bitcoin ETFs by the United States Securities and Exchange Commission (SEC) earlier this year, many in the crypto community anticipated that Ethereum ETFs would soon receive similar approval.
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Many are speculating about how this decision could affect the price of Ethereum.

Ethereum’s Recent Surge and the Potential Impact of an ETF Approval
Ethereum has experienced a significant rise in value, breaking the $3,000 mark on February 20 for the first time since April 2022. This upward trend is partially attributed to growing optimism surrounding the potential approval of a spot Ethereum ETF. Financial experts believe that such approval could lead to Ethereum’s greater integration into the mainstream financial system, potentially attracting more investors and increasing its overall value.

Ethereum ETF deadlines. Source: Bloomberg / SEC
Dave LaValle, head of ETFs at Grayscale, has assessed the likelihood of an SEC approval for Ethereum ETFs at 50%. This assessment is slightly lower than the 70% projected by Bloomberg Analyst Eric Balchunas back in November 2023. Balchunas expressed confidence in the approval, noting that the SEC has already approved futures Ethereum ETFs, making a denial of spot Ethereum ETFs seem illogical and potentially subject to legal challenge.
Despite these assessments, the SEC’s stance on Ethereum ETFs remains cautious. While the commission has not explicitly classified Ethereum as a security, SEC Chair Gary Gensler has been vocal about the need for regulatory compliance in the cryptocurrency space to prevent fraud and market manipulation. This cautious approach reflects broader concerns within regulatory circles about the potential risks associated with cryptocurrencies.
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Analysts’ Views on the Potential Impact of an ETH ETF Approval
Many analysts believe that the approval of an Ethereum (ETH) ETF could serve as a catalyst for pushing ETH to new price highs. They anticipate that the ETF approval would attract a broader investor base and enhance the market legitimacy of Ethereum, thereby driving its value upwards.

Ryan Sean Adams, from Bankless, expressed this optimism in a tweet, highlighting the positive indicators such as L2 acceleration and restaking yields, contrasting them with past market turmoil. He emphasized the improved foundation this time around, suggesting that $3,000 could serve as a strong support level for ETH.
However, some analysts are less optimistic about the immediate impact of an ETH ETF approval on the price of Ethereum. They draw parallels to the approval of Bitcoin ETFs, which initially led to a price surge followed by a significant decline. Geoff Kendrick, head of Digital Asset Research at Standard Chartered, projected that ETH would reach $4,000 before an ETF approval. He noted that Ethereum’s smaller market share compared to Bitcoin could make it less susceptible to a post-approval selloff, offering a more stable trajectory.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Bitcoin  #Altcoin  #Cryptocurrency  #EthereumETF  #ETH

The SEC has delayed its decision on BlackRock and Fidelity’s spot Ethereum ETF. Ethereum bulls, however, are shifting focus to the upcoming Dencun upgrade, while a crucial price breakout hints at a potential rally to $4,200.
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Ethereum, the world’s second-largest cryptocurrency, is on a massive bull run, with its price soaring above $3,700. At the moment, ETH is up by 7%, trading at $3,713, and boasts a market cap of $446 billion.

SEC Delays Decision on Ethereum ETF Proposals
On Monday, March 4, the U.S. Securities and Exchange Commission (SEC) announced a second delay in its decision timeline for BlackRock’s proposal for a spot Ethereum ETF, known as the iShares Ethereum Trust. This comes after the SEC previously postponed its decision on the matter.
The SEC has also initiated a request for public feedback specifically regarding concerns related to Ethereum’s proof of stake mechanism and its susceptibility to fraud and manipulation. Similarly, the SEC has deferred its decision on Fidelity’s spot Ethereum ETF, seeking public comments on similar grounds.
The SEC has set a deadline for the public to submit feedback on both proposals within the next 21 days, with rebuttals expected within 35 days thereafter. May 23 marks the final deadline for VanEck’s spot Ethereum ETF application, which is expected to provide greater clarity on the SEC’s decision-making process regarding Ethereum ETFs.
Mixed Views on Approval Prospects: Crypto experts are divided on the potential approval of a spot Ethereum ETF. Some optimists suggest that SEC approval could come as early as May, drawing parallels to recent Bitcoin ETF approvals. However, skeptics remain cautious, expressing uncertainty about the likelihood of spot Ethereum ETF approvals.
Also Read:   Ethereum Traders Target $4000 Amid Overheated Markets
Ethereum’s Price Movement Before Dencun Upgrade
With Ethereum’s price action, it’s evident that investors are currently focusing beyond the Ethereum ETF approval, placing emphasis on the upcoming Ethereum Dencun upgrade expected in a week or two.

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Ethereum has surged above $3,650, surpassing the 100-hourly Simple Moving Average. On the hourly chart of ETH/USD, a bullish trend line is forming, with support emerging around $3,600. This aligns closely with the 50% Fibonacci retracement level of the recent upward movement from the $3,465 swing low to the $3,715 high.
Immediate resistance is expected near $3,720, with the first significant hurdle around $3,780. Beyond that, a major resistance zone lies near $3,850, signaling potential bullish momentum if breached. Further upside could see Ethereum targeting the $3,920 level.

Courtesy: TradingView
If Ethereum breaks above the $3,920 resistance level, it could surge towards $4,000, with further momentum possibly testing the $4,200 mark.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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#ETH  #EthereumETF  #Bitcoin  #Altcoin  #Ethereum $ETH