Loading...
Market
Story
SEC Approves Spot Ether ETFs on May 24, Ethereum Rallies 26%
May 29, 2024, 03:16 PM
The U.S. Securities and Exchange Commission (SEC) has approved spot Ether ETFs on May 24, marking a significant milestone for the cryptocurrency market. This decision, following the approval of Bitcoin ETFs less than six months ago, is expected to boost mainstream adoption, liquidity, and investor confidence in Ethereum. The approval, announced on Thursday, has already had a notable impact, with Ethereum rallying 26% last week, its largest gain since the 2021 crypto bull market. The move also holds significant implications for firms involved in tokenizing assets that trade on-chain.
View original story
Similar markets
Significant increase • 33%
Moderate increase • 33%
No significant change • 34%
Significant increase • 25%
Moderate increase • 25%
No significant change • 25%
Decrease • 25%
Significant Increase • 33%
Moderate Increase • 33%
No Change or Decrease • 34%
Bitcoin ETF approved • 20%
Solana ETF approved • 20%
Cardano ETF approved • 20%
No other ETFs approved • 20%
Multiple other ETFs approved • 20%
Increase significantly • 25%
Remain stable • 25%
Decrease slightly • 25%
Decrease significantly • 25%
Significant increase in ETF assets • 33%
Moderate increase • 33%
No significant change • 34%
Accelerates approval of other crypto ETFs • 33%
No significant change in pace of crypto ETF approvals • 33%
Slows down other crypto ETF approvals • 33%
BlackRock Ethereum ETF • 25%
Fidelity Ethereum ETF • 25%
VanEck Ethereum ETF • 25%
Other • 25%
Significant increase in market share • 33%
Moderate increase • 34%
No significant change • 33%
Significantly Strengthened • 25%
Slightly Strengthened • 25%
Unchanged • 25%
Weakened • 25%
Increase by 50-60% • 25%
Increase by 61-70% • 25%
Increase by 71-80% • 25%
Increase by more than 80% • 25%
Increase • 50%
Decrease • 50%