$ETH SEC’s Ethereum ETFs Approval, Increased volatility.
(Bitcoin dropped below 4%)
May 23, 2024. US Securities and Exchange Commission (SEC) approved Ether Exchange-Traded Funds (ETFs) in the United States.
Exchnages Like Nasdaq, NYSE, and CBO, requested in combined proposal to SEC regarding further changes in existing rules to allow the trading of Ethereum Exchange-Traded Products (ETPs) and ETFs.
However, this is second decision in 2024 from SEC regarding ETP’s. Which after a long hearing approved $BTC ETFs and ETPs.
In an upcoming days it will be evident that Bitcoin will touch $78k as it's halving process held before, So Hodl your positions.
