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Ethereum is open access to digital money and data-friendly services for everyone – no matter your background or location. It's a community-built technology behind the cryptocurrency ether (ETH) and thousands of applications you can use today.

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The SEC's request for revisions to Ether ETF applications has generated optimism in the cryptocurrency industry. Experts believe that the approval of Ethereum ETFs could lead to mass adoption, increased legitimacy, and significant price increases for Ethereum. The approval could also set a precedent for other altcoin ETFs.

Portfolio Pulse from Murtuza Merchant

May 21, 2024 | 4:40 pm

The SEC appears more likely to approve Ether ETFs from companies like BlackRock and VanEck, which could impact Bitcoin and other cryptocurrencies.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 4:33 pm

Coinbase Global, Inc. (NASDAQ:COIN) shares are moving amid increased interest in cryptocurrency-related stocks, driven by a spike in Ethereum (ETH) and Bitcoin (BTC) prices. Ethereum's price surge is linked to optimism about the potential approval of spot Ethereum ETFs. Coinbase shares rose 8.47% on Monday, following an upgrade from BofA Securities. However, shares are currently trading below their 50-day moving average.

Portfolio Pulse from Erica Kollmann

May 21, 2024 | 3:57 pm

Economist and crypto trader Alex Krüger predicts that Bitcoin will rise significantly by year-end, while Ethereum may underperform due to a potential ETF rejection. However, he suggests that the U.S. elections could lead to regulatory changes and an Ethereum ETF approval in 2025, which would boost Ethereum's performance. An unexpected early approval of an Ethereum ETF could drive Ethereum to new all-time highs. Bloomberg analysts have updated the approval chances to 75%. Traders should stay vigilant until the decision on May 23.

Portfolio Pulse from Khyathi Dalal

May 21, 2024 | 3:26 pm

Ethereum's price surged by 22.03% in the past 24 hours, reaching $3,771.44. Over the past week, it has gained 30.0%, with trading volume increasing by 202.0%. The circulating supply has risen by 1.82%, bringing the market cap to $454.06 billion.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 3:00 pm

The SEC has requested revisions to Ether ETF applications, sparking optimism for potential approval. This has led to a significant rise in Ether's price. However, final approval remains uncertain and could take several months.

Portfolio Pulse from Murtuza Merchant

May 21, 2024 | 2:16 pm

Ethereum experienced its largest single-day market cap gain of $70.7 billion, driven by a sharp increase in the odds of a spot Ethereum ETF approval to 75%. This surge has pushed Ethereum prices above $3,700, with significant market optimism and increased transaction volumes.

Portfolio Pulse from Khyathi Dalal

May 21, 2024 | 1:31 pm

Ethereum rises 20% and Bitcoin surpasses $70K fueled by ETF inflows. Wall Street opens flat with Nvidia earnings and Fed speeches in focus. Tesla's Semi fleet grows as PepsiCo takes delivery of 50 EV trucks. Trump Media & Technology Group reports over $300M loss in first earnings since going public.

Portfolio Pulse from Akanksha Bakshi

May 21, 2024 | 1:15 pm

Fidelity has filed an amended S-1 application with the SEC for a spot Ether ETF, which could mark a significant milestone in the mainstream adoption of Ethereum. Bloomberg analysts estimate a 75% chance of approval, which could have a profound impact on the cryptocurrency market and set a precedent for other asset managers.

Portfolio Pulse from Murtuza Merchant

May 21, 2024 | 12:39 pm

The SEC has requested Nasdaq and CBOE to make adjustments to their filings for spot Ether ETFs. This move indicates ongoing regulatory scrutiny and potential delays in the approval process for these financial products.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 12:31 pm

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