SEC To Review Grayscale's Spot Ether ETF: Will Ethereum Prices Breakout Above $2,000?
Portfolio Pulse from Khyathi Dalal
The U.S. Securities and Exchange Commission (SEC) will review Grayscale’s Bitcoin Trust ETF filing and has acknowledged Grayscale's spot ether ETF filing which will convert Ethereum Trust (ETHE) into a spot Ethereum ETF. This news, along with the recent listing of BlackRock’s iShares Bitcoin Trust on Nasdaq-traded ETFs, has pushed Bitcoin and the broader crypto asset board significantly higher. Ethereum (CRYPTO: ETH) has seen a surge of 117.02% in its past 24-hour trading volume and a 9.6% jump in single-day trade.
October 24, 2023 | 4:44 pm
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POSITIVE IMPACT
The SEC's review of Grayscale’s Bitcoin Trust ETF filing and the recent listing of BlackRock’s iShares Bitcoin Trust on Nasdaq-traded ETFs has pushed Bitcoin higher.
The SEC's review of Grayscale’s Bitcoin Trust ETF filing and the recent listing of BlackRock’s iShares Bitcoin Trust on Nasdaq-traded ETFs are positive news for Bitcoin, leading to an increase in its price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The SEC's acknowledgment of Grayscale's spot ether ETF filing, which will convert Ethereum Trust (ETHE) into a spot Ethereum ETF, has led to a surge in Ethereum's trading volume and single-day trade.
The SEC's acknowledgment of Grayscale's spot ether ETF filing, which will convert Ethereum Trust (ETHE) into a spot Ethereum ETF, is positive news for Ethereum, leading to a surge in its trading volume and single-day trade.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100