#ETHETFS Ethereum co-founder cashes out! Is now the time to sell your ETH?
đčEthereumâs price surged nearly 30%, coinciding with significant SEC regulatory updates.
đžCo-founder Jeffrey Wilcke capitalized on the rally by depositing over $75 million worth of ETH into Kraken.
The cryptocurrency market has been buzzing with Ethereumâs [ETH] recent price surge.
đčThe asset witnessed a nearly 30% increase in value over the past week, escalating from below $3,000 as of this time last week to as high as $3,810 yesterday.
âŠïžThis uptick coincided with significant regulatory movements.
đžNotably, the U.S. Securities and Exchange Commission (SEC) has so far revised its stance on Ethereum spot ETFs, prompting exchanges to update their 19b-4 filings.
đčThis week, several Ethereum ETF issuers submitted their updated filings, with a decision on the VanEck Ethereum ETF application expected shortly.
đžInstitutions like Standard Chartered already predicted that an Ethereum ETF approval is imminent.
đčAmid these regulatory developments, Ethereumâs co-founder Jeffrey Wilcke has made headlines for reportedly cashing out during this price rally.