Blackhowl
@Blackhowl
We are not what we know but what we are willing to learn.
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Solana to the floor😂
🚨 SOL 37% PUMP ALERT! Get Ready for the Bull Run! 🚨
💎 Coin Name: $SOL (Solana)
📈 Signal Type: Long
---
Why SOL is Ready to Explode
Breaking Out Strong:
$SOL has successfully broken out of a significant falling wedge, a classic bullish pattern. It’s now respecting the Anchored VWAP, confirming momentum is shifting upward.
Retest Complete: After retesting the falling wedge breakout, $SOL is primed for a bullish run.
---
Market Sentiment Overview
1️⃣ BTC Dominance (BTC.D):
BTC.D surged significantly but without major chaos in altcoins. Now trading near resistance, suggesting a major market move is imminent.
2️⃣ USDT Dominance (USDT.D):
USDT.D has broken its horizontal support, signaling bullish sentiment for the broader market.
3️⃣ TOTAL3 Index:
TOTAL3, which tracks the performance of altcoins excluding BTC and ETH, is in an extremely bullish uptrend.
---
$SOL Trade Setup
Timeframe: 4H Chart
Entry: Around $240
Target Price (TP): $330
Stop-Loss (SL): $215
🔥 Risk-Reward Ratio: Well-balanced for this setup.
---
Why $SOL Could Hit $330
Technical Patterns: Falling wedge breakout and retest.
Market Strength: Altcoins gaining momentum amid BTC.D resistance and USDT.D breakdown.
Macro Sentiment: Altcoins like SOL are leading the way in TOTAL3’s bullish momentum.
---
Important Note for Traders
🚀 Leverage Users: Proceed with caution! High leverage (e.g., 20x) can amplify gains but also increases risk—stick to your strategy.
---
Join My Live Binance Stream for More!
🔗 Click on my profile picture to join my live stream for 2-3 free signals daily and learn more about premium trading insights!
💬 “SOL could moon to $330, don’t miss out!” – A sentiment echoed by top traders.
---
🚀 Stay Ahead of the Curve!
#SOL #ETHCrosses4K #BTCRecoveredTo97K #CryptoHistoricMoment #Write2Earn!
📈 Signal Type: Long
---
Why SOL is Ready to Explode
Breaking Out Strong:
$SOL has successfully broken out of a significant falling wedge, a classic bullish pattern. It’s now respecting the Anchored VWAP, confirming momentum is shifting upward.
Retest Complete: After retesting the falling wedge breakout, $SOL is primed for a bullish run.
---
Market Sentiment Overview
1️⃣ BTC Dominance (BTC.D):
BTC.D surged significantly but without major chaos in altcoins. Now trading near resistance, suggesting a major market move is imminent.
2️⃣ USDT Dominance (USDT.D):
USDT.D has broken its horizontal support, signaling bullish sentiment for the broader market.
3️⃣ TOTAL3 Index:
TOTAL3, which tracks the performance of altcoins excluding BTC and ETH, is in an extremely bullish uptrend.
---
$SOL Trade Setup
Timeframe: 4H Chart
Entry: Around $240
Target Price (TP): $330
Stop-Loss (SL): $215
🔥 Risk-Reward Ratio: Well-balanced for this setup.
---
Why $SOL Could Hit $330
Technical Patterns: Falling wedge breakout and retest.
Market Strength: Altcoins gaining momentum amid BTC.D resistance and USDT.D breakdown.
Macro Sentiment: Altcoins like SOL are leading the way in TOTAL3’s bullish momentum.
---
Important Note for Traders
🚀 Leverage Users: Proceed with caution! High leverage (e.g., 20x) can amplify gains but also increases risk—stick to your strategy.
---
Join My Live Binance Stream for More!
🔗 Click on my profile picture to join my live stream for 2-3 free signals daily and learn more about premium trading insights!
💬 “SOL could moon to $330, don’t miss out!” – A sentiment echoed by top traders.
---
🚀 Stay Ahead of the Curve!
#SOL #ETHCrosses4K #BTCRecoveredTo97K #CryptoHistoricMoment #Write2Earn!
wanna test your luck? join binance game to win 5 $BNB
https://safu.im/KnMEquGp?utm_medium=web_share_copy
https://safu.im/KnMEquGp?utm_medium=web_share_copy
$BTC Bitcoin, a cryptocurrency infamous for its price volatility and environmental impact, has become a focal point of the US presidential campaign.
On July 27, the former US president and Republican nominee for the upcoming election, Donald Trump, headlined the biggest Bitcoin conference of the year in Nashville. In his speech, Trump claimed he will make the US the “crypto capital of the planet and the Bitcoin superpower of the world” if returned to the White House after November’s election. His comments were met with rapturous applause from the crowd.
Trump’s courting of the crypto industry is almost certainly a political move. The Trump campaign has raised US$25 million (£19.6 million) from the sector since it started accepting cryptocurrency donations in May, and it is expected to receive even more following the event in Nashville.
His public backing of crypto undoubtedly boosted investor optimism. The price of Bitcoin surged to almost US$70,000 on July 29, its highest level in more than six weeks, before dropping back to US$62,000 a few days later.
On July 27, the former US president and Republican nominee for the upcoming election, Donald Trump, headlined the biggest Bitcoin conference of the year in Nashville. In his speech, Trump claimed he will make the US the “crypto capital of the planet and the Bitcoin superpower of the world” if returned to the White House after November’s election. His comments were met with rapturous applause from the crowd.
Trump’s courting of the crypto industry is almost certainly a political move. The Trump campaign has raised US$25 million (£19.6 million) from the sector since it started accepting cryptocurrency donations in May, and it is expected to receive even more following the event in Nashville.
His public backing of crypto undoubtedly boosted investor optimism. The price of Bitcoin surged to almost US$70,000 on July 29, its highest level in more than six weeks, before dropping back to US$62,000 a few days later.
Wondering why the market is fluctuating?
#EarnFreeCrypto2024
As we kick off a short week, investors in a range of speculative assets are seeing selling pressure build. Of course, there are plenty of macro reasons for this trepidation. Some rather important inflation readings are due later this week, which could impact everything from growth stocks to commodities to cryptocurrencies. Everything is tied to interest rates these days.
In the crypto world, Bitcoin $BTC , Ethereum $ETH , and Dogecoin $DOGE are among the megacap tokens seeing declines today. Over the past 24 hours, these three top tokens have slumped 3.8%, 3.5%, and 4%, respectively, as of 2:30 p.m. ET.
Let's dive into what's driving today's price action in these top tokens.
Enthusiasm over key catalysts wears off
Investors in these three megacap tokens have certainly had quite the run over the past few weeks, and really since the beginning of the year. Bitcoin started the party off with the approval of a dozen spot exchange-traded fund (ETF) products, which conjured up some significant demand for its token. In combination with a halving event, which saw the amount of newly minted Bitcoin slashed in half, this created a supply-and-demand dynamic investors liked.
Ethereum recently saw similar catalysts take hold, with the Securities and Exchange Commission (SEC) approving spot Ethereum ETFs last week as well. Additionally, previous upgrades have resulted in Ethereum becoming less inflationary, and depending on the day, deflationary based on token burn metrics relative to transaction volumes.
As a more speculative asset, Dogecoin has ridden market momentum higher. But with these catalysts now seemingly in the rearview mirror (it's really amazing how quickly the market adjusts to news, particularly in this space), some investors may be looking to sell into this news and wait patiently for another catalyst to take hold. A similar "sell the news" effect took place immediately following the anticipated approval of spot Bitcoin ETFs earlier this year.
#EarnFreeCrypto2024
As we kick off a short week, investors in a range of speculative assets are seeing selling pressure build. Of course, there are plenty of macro reasons for this trepidation. Some rather important inflation readings are due later this week, which could impact everything from growth stocks to commodities to cryptocurrencies. Everything is tied to interest rates these days.
In the crypto world, Bitcoin $BTC , Ethereum $ETH , and Dogecoin $DOGE are among the megacap tokens seeing declines today. Over the past 24 hours, these three top tokens have slumped 3.8%, 3.5%, and 4%, respectively, as of 2:30 p.m. ET.
Let's dive into what's driving today's price action in these top tokens.
Enthusiasm over key catalysts wears off
Investors in these three megacap tokens have certainly had quite the run over the past few weeks, and really since the beginning of the year. Bitcoin started the party off with the approval of a dozen spot exchange-traded fund (ETF) products, which conjured up some significant demand for its token. In combination with a halving event, which saw the amount of newly minted Bitcoin slashed in half, this created a supply-and-demand dynamic investors liked.
Ethereum recently saw similar catalysts take hold, with the Securities and Exchange Commission (SEC) approving spot Ethereum ETFs last week as well. Additionally, previous upgrades have resulted in Ethereum becoming less inflationary, and depending on the day, deflationary based on token burn metrics relative to transaction volumes.
As a more speculative asset, Dogecoin has ridden market momentum higher. But with these catalysts now seemingly in the rearview mirror (it's really amazing how quickly the market adjusts to news, particularly in this space), some investors may be looking to sell into this news and wait patiently for another catalyst to take hold. A similar "sell the news" effect took place immediately following the anticipated approval of spot Bitcoin ETFs earlier this year.
$MANTA
Manta announced the launch of CeDeFi on May 19, describing the product as generating both CeFi and DeFi yields in parallel. Yields are earned through a combination of DeFi yields on the Manta Pacific chain alongside stablecoin funding rate arbitrage on centralized exchanges.
Custody services are provided by Ceffu, formerly Binance Custody. Binance Custody launched in December 2021 and rebranded to Ceffu in February 2023. Assets deposited to Manta CeDeFi are held by Ceffu, with users receiving on-chain “liquid custody tokens” representing their holdings on Manta Pacific that can be used for on-chain DeFi.
Funds are also “mirrored” to represent assets on the Binance centralized exchange via Ceffu’s MirrorX service, facilitating the execution of CeFi strategies.
“Ceffu generates revenue through Delta-neutral, low-risk trading strategies enabled by MirrorX,”
1. Research the Project: Understand what $MANTA is, its purpose, technology, team, and roadmap. Look for reputable sources of information. Manta CeDeFi currently supports deposits in the form of ETH, StakeStone’s Ether liquid staking token, STONE, Bitcoin tokens wBTC and BTCB, and the stablecoins USDT, USDC, and wUSDM.
2. Evaluate the Team: Assess the team's experience, expertise, and track record in the industry.
3. Analyze the Market: Look at the market demand for the project's solution and the potential for growth.
4. Assess Risk: Consider the risks associated with investing in $MANTA , such as regulatory, technological, and market risks.
5. Diversify Your Portfolio: Don't put all your funds into a single asset. Diversify across different assets to spread risk.
6. Use Dollar-Cost Averaging: Instead of investing a lump sum, consider investing a fixed amount regularly over time to reduce the impact of market volatility.
7. Set Realistic Expectations: Understand that all investments carry some level of risk, and there are no guarantees of
$MANTA #MantaRWA
Manta announced the launch of CeDeFi on May 19, describing the product as generating both CeFi and DeFi yields in parallel. Yields are earned through a combination of DeFi yields on the Manta Pacific chain alongside stablecoin funding rate arbitrage on centralized exchanges.
Custody services are provided by Ceffu, formerly Binance Custody. Binance Custody launched in December 2021 and rebranded to Ceffu in February 2023. Assets deposited to Manta CeDeFi are held by Ceffu, with users receiving on-chain “liquid custody tokens” representing their holdings on Manta Pacific that can be used for on-chain DeFi.
Funds are also “mirrored” to represent assets on the Binance centralized exchange via Ceffu’s MirrorX service, facilitating the execution of CeFi strategies.
“Ceffu generates revenue through Delta-neutral, low-risk trading strategies enabled by MirrorX,”
1. Research the Project: Understand what $MANTA is, its purpose, technology, team, and roadmap. Look for reputable sources of information. Manta CeDeFi currently supports deposits in the form of ETH, StakeStone’s Ether liquid staking token, STONE, Bitcoin tokens wBTC and BTCB, and the stablecoins USDT, USDC, and wUSDM.
2. Evaluate the Team: Assess the team's experience, expertise, and track record in the industry.
3. Analyze the Market: Look at the market demand for the project's solution and the potential for growth.
4. Assess Risk: Consider the risks associated with investing in $MANTA , such as regulatory, technological, and market risks.
5. Diversify Your Portfolio: Don't put all your funds into a single asset. Diversify across different assets to spread risk.
6. Use Dollar-Cost Averaging: Instead of investing a lump sum, consider investing a fixed amount regularly over time to reduce the impact of market volatility.
7. Set Realistic Expectations: Understand that all investments carry some level of risk, and there are no guarantees of
$MANTA #MantaRWA
Has P2E evolved?
South Korean toilet turns excrement into power and digital currency literally "Poop to earn".
Cho Jae-weon, an urban and environmental engineering professor at the Ulsan National Institute of Science and Technology (UNIST), has designed an eco-friendly toilet connected to a laboratory that uses excrement to produce biogas and manure.
The BeeVi toilet - a portmanteau of the words bee and vision - uses a vacuum pump to send faeces into an underground tank, reducing water use. There, microorganisms break down the waste to methane, which becomes a source of energy for the building, powering a gas stove, hot-water boiler and solid oxide fuel cell.
"If we think out of the box, faeces has precious value to make energy and manure. I have put this value into ecological circulation," Cho said.
An average person defecates about 500g a day, which can be converted to 50 litres of methane gas, the environmental engineer said. This gas can generate 0.5kWh of electricity or be used to drive a car for about 1.2km (0.75 miles).
Cho has devised a virtual currency called Ggool, which means honey in Korean. Each person using the eco-friendly toilet earns 10 Ggool a day.
#P2E #alts #ETHETFsApproved #BullRunAhead
$BTC $ETH $BNB
South Korean toilet turns excrement into power and digital currency literally "Poop to earn".
Cho Jae-weon, an urban and environmental engineering professor at the Ulsan National Institute of Science and Technology (UNIST), has designed an eco-friendly toilet connected to a laboratory that uses excrement to produce biogas and manure.
The BeeVi toilet - a portmanteau of the words bee and vision - uses a vacuum pump to send faeces into an underground tank, reducing water use. There, microorganisms break down the waste to methane, which becomes a source of energy for the building, powering a gas stove, hot-water boiler and solid oxide fuel cell.
"If we think out of the box, faeces has precious value to make energy and manure. I have put this value into ecological circulation," Cho said.
An average person defecates about 500g a day, which can be converted to 50 litres of methane gas, the environmental engineer said. This gas can generate 0.5kWh of electricity or be used to drive a car for about 1.2km (0.75 miles).
Cho has devised a virtual currency called Ggool, which means honey in Korean. Each person using the eco-friendly toilet earns 10 Ggool a day.
#P2E #alts #ETHETFsApproved #BullRunAhead
$BTC $ETH $BNB
Ethereum $ETH #ETHETFS expectations
According to IntoTheBlock's research, 95% of current ETH positions are now profitable, with its price increasing by 30% over the past seven days. This level of profitability has not been observed since November 2021, when ETH prices soared to an all-time high.
There is minimal resistance to the volume of ETH purchased at prices higher than current levels. Specifically, 3.57 million ETH were bought in the price range of $3,800 to $4,800, compared to 53.54 million ETH purchased between $2,160 and $2,650.
ETH whales have also begun to make significant moves, following the increased odds of ETF approval. On Tuesday the 21st, ETH recorded an on-chain trading volume of $15.98 billion, marking the highest volume recorded since June 13, 2022.
Of the $15.98 billion in trading volume recorded, $14.33 billion came from transactions exceeding $100,000, typically conducted by whales. This represents 90% of the total traded volume for this day. This trend could be expected to accelerate now that the ETFs have indeed been approved.
The approval of the ETH ETFs marks a significant milestone in cryptocurrency acceptance, likely influencing increased activity among ETH whales as reflected by recent large-volume transactions. The shifting landscape, underscored by substantial on-chain trading volumes, suggests a growing institutional and investor confidence in Ethereum.
According to IntoTheBlock's research, 95% of current ETH positions are now profitable, with its price increasing by 30% over the past seven days. This level of profitability has not been observed since November 2021, when ETH prices soared to an all-time high.
There is minimal resistance to the volume of ETH purchased at prices higher than current levels. Specifically, 3.57 million ETH were bought in the price range of $3,800 to $4,800, compared to 53.54 million ETH purchased between $2,160 and $2,650.
ETH whales have also begun to make significant moves, following the increased odds of ETF approval. On Tuesday the 21st, ETH recorded an on-chain trading volume of $15.98 billion, marking the highest volume recorded since June 13, 2022.
Of the $15.98 billion in trading volume recorded, $14.33 billion came from transactions exceeding $100,000, typically conducted by whales. This represents 90% of the total traded volume for this day. This trend could be expected to accelerate now that the ETFs have indeed been approved.
The approval of the ETH ETFs marks a significant milestone in cryptocurrency acceptance, likely influencing increased activity among ETH whales as reflected by recent large-volume transactions. The shifting landscape, underscored by substantial on-chain trading volumes, suggests a growing institutional and investor confidence in Ethereum.
Ethereum$ETH and Bitcoin $BTC Correlation: Will Ether Price Pick Up Pace?
BTC/ETH correlation coefficient
The BTC/ETH correlation refers to the price relationship between Bitcoin (BTC) and Ethereum (ETH), typically expressed in terms of BTC. For example, if Bitcoin is priced at $60,000 and Ethereum at $3,000, the ratio is 0.05, meaning it costs 0.05 BTC to buy one ETH. If ETH's price increases faster than BTC's, the ratio rises, indicating it costs more BTC to buy ETH.
Another measure of this relationship is the correlation coefficient, ranging from -1 to 1. A coefficient of 1 indicates that BTC and ETH move in the same direction, -1 indicates they move in opposite directions, and 0 signifies no correlation. For instance, during periods of negative correlation, if BTC's price rises, ETH's price would fall, and vice versa.
Thus, the BTC/ETH correlation shows the price relationship between the two assets, while the correlation coefficient measures how their prices move relative to each other. Both metrics are crucial for efficiently trading the BTC/ETH correlation.
Historic correlation
Historical data shows that Ethereum tends to be priced higher during bull markets. For instance, ETH was priced above 0.05 BTC during the bull runs of 2018 and 2021. After 2021, the 0.05 BTC level has consistently served as a strong support region. Conversely, the 0.08 BTC level has acted as significant resistance on three separate occasions.
During the BTC bull run, the correlation had been steadily growing, peaking on March 14, when the BTC price reached an ATH.
#Bitcoin #Ethereum
BTC/ETH correlation coefficient
The BTC/ETH correlation refers to the price relationship between Bitcoin (BTC) and Ethereum (ETH), typically expressed in terms of BTC. For example, if Bitcoin is priced at $60,000 and Ethereum at $3,000, the ratio is 0.05, meaning it costs 0.05 BTC to buy one ETH. If ETH's price increases faster than BTC's, the ratio rises, indicating it costs more BTC to buy ETH.
Another measure of this relationship is the correlation coefficient, ranging from -1 to 1. A coefficient of 1 indicates that BTC and ETH move in the same direction, -1 indicates they move in opposite directions, and 0 signifies no correlation. For instance, during periods of negative correlation, if BTC's price rises, ETH's price would fall, and vice versa.
Thus, the BTC/ETH correlation shows the price relationship between the two assets, while the correlation coefficient measures how their prices move relative to each other. Both metrics are crucial for efficiently trading the BTC/ETH correlation.
Historic correlation
Historical data shows that Ethereum tends to be priced higher during bull markets. For instance, ETH was priced above 0.05 BTC during the bull runs of 2018 and 2021. After 2021, the 0.05 BTC level has consistently served as a strong support region. Conversely, the 0.08 BTC level has acted as significant resistance on three separate occasions.
During the BTC bull run, the correlation had been steadily growing, peaking on March 14, when the BTC price reached an ATH.
#Bitcoin #Ethereum
$BB BounceBit Price Soars 40%, Will The Rally Continue?
BounceBit Price rallied over 40% today, sparking speculations in the broader cryptocurrency market. Here we explore the potential reasons behind the BB price surge.
The recent surge in the BounceBit price has left many investors wondering about the potential reasons behind it. While no specific developments were noted today, it seems that the project’s recent unveiling of its roadmap has fueled market confidence
For context, BounceBit recently announced its roadmap to democratize high-yield Bitcoin investing by merging centralized and decentralized finance (DeFi). According to a Medium blog post, BounceBit aims to blend the liquidity of centralized exchanges with decentralized infrastructure for Bitcoin without altering its core technology.
Meanwhile, BounceBit plans to enhance its BounceBit Chain, a proof-of-stake layer-1 chain secured by validators staking both $BTC and BounceBit’s native token $BB .
In addition, the startup plans to optimize the Ethereum Virtual Machine (EVM) execution layer to improve node performance. In addition, other improvements include developing a shared security client module for other projects to utilize BounceBit’s liquidity. To achieve that, it plans to construct a new mempool module for higher transaction throughput, and refactoring the communication layer between EVM and Cosmos SDK.
Besides, BounceBit also aims to introduce the Fixed Earn product, offering fixed income for Bitcoin and dollar assets, akin to traditional crypto lending. Simultaneously, it also announced launching BounceClub, enabling users to create their own centralized and decentralized finance (DeFi) products using BounceBit’s widget.
#alt #staking #BB #bitcoin #defi
BounceBit Price rallied over 40% today, sparking speculations in the broader cryptocurrency market. Here we explore the potential reasons behind the BB price surge.
The recent surge in the BounceBit price has left many investors wondering about the potential reasons behind it. While no specific developments were noted today, it seems that the project’s recent unveiling of its roadmap has fueled market confidence
For context, BounceBit recently announced its roadmap to democratize high-yield Bitcoin investing by merging centralized and decentralized finance (DeFi). According to a Medium blog post, BounceBit aims to blend the liquidity of centralized exchanges with decentralized infrastructure for Bitcoin without altering its core technology.
Meanwhile, BounceBit plans to enhance its BounceBit Chain, a proof-of-stake layer-1 chain secured by validators staking both $BTC and BounceBit’s native token $BB .
In addition, the startup plans to optimize the Ethereum Virtual Machine (EVM) execution layer to improve node performance. In addition, other improvements include developing a shared security client module for other projects to utilize BounceBit’s liquidity. To achieve that, it plans to construct a new mempool module for higher transaction throughput, and refactoring the communication layer between EVM and Cosmos SDK.
Besides, BounceBit also aims to introduce the Fixed Earn product, offering fixed income for Bitcoin and dollar assets, akin to traditional crypto lending. Simultaneously, it also announced launching BounceClub, enabling users to create their own centralized and decentralized finance (DeFi) products using BounceBit’s widget.
#alt #staking #BB #bitcoin #defi
It will keep rising
35%
It will dip soon enough
65%
34 votes • Voting closed
$NOT #NOTCOIN
Missions Let You Passively Earn Crypto via Telegram—Here's How
After launching its NOT token, Telegram-based game Notcoin now has "earnings missions" that let you stack up crypto rewards. Here's how.
Notcoin's tutorial notes that these missions guide players through different communities, belonging to "partner projects," granting them tokens in return for learning about other crypto games and apps.
The NOT earnings are based on your in-game level. The higher your level, the larger the pool of potential NOT rewards. You can increase your level by staking Notcoin, and the amount of NOT you have staked at the end of every month determines whether you move up or down the ranks. The highest level, Platinum, earns players the most Notcoin tokens.
Each partner mission includes tasks like following them on Twitter, joining their Discord, or downloading their app. At the moment, there are four missions available, including a tutorial, one for a project called TonGifts, and two for third-party crypto games that let Notcoin players earn more NOT by joining their respective communities and playing the games.
#NOTCOİN #notusdt #rewardstips #alt
Missions Let You Passively Earn Crypto via Telegram—Here's How
After launching its NOT token, Telegram-based game Notcoin now has "earnings missions" that let you stack up crypto rewards. Here's how.
Notcoin's tutorial notes that these missions guide players through different communities, belonging to "partner projects," granting them tokens in return for learning about other crypto games and apps.
The NOT earnings are based on your in-game level. The higher your level, the larger the pool of potential NOT rewards. You can increase your level by staking Notcoin, and the amount of NOT you have staked at the end of every month determines whether you move up or down the ranks. The highest level, Platinum, earns players the most Notcoin tokens.
Each partner mission includes tasks like following them on Twitter, joining their Discord, or downloading their app. At the moment, there are four missions available, including a tutorial, one for a project called TonGifts, and two for third-party crypto games that let Notcoin players earn more NOT by joining their respective communities and playing the games.
#NOTCOİN #notusdt #rewardstips #alt
-$ETH
This is the SEC’s second decision regarding crypto Exchange-Traded Products. Earlier this year, in January 2024, the SEC, after a long battle, approved Bitcoin ETFs and ETPs. The exchanges had sought SEC approval for a rule change required to list these new products, which was successfully granted. However, trading will not start immediately, as issuers still need the SEC to approve individual ETF registration statements detailing investor disclosures. According to Reuters, industry participants said it was unclear how long the SEC’s approval process might take.
The US Securities and Exchange Commission (SEC) approved the sale of spot Ether Exchange-Traded Funds (ETFs) in the United States on May 23, 2024. The SEC combined proposals from the Nasdaq, NYSE, and CBOE exchanges, which requested changes to existing rules to allow the trading of Ethereum Exchange-Rraded Products (ETPs) and ETFs.
#ETHETFsApproved #buythedip #EthereumETFApprovalExpectations #EtheruemETF
This is the SEC’s second decision regarding crypto Exchange-Traded Products. Earlier this year, in January 2024, the SEC, after a long battle, approved Bitcoin ETFs and ETPs. The exchanges had sought SEC approval for a rule change required to list these new products, which was successfully granted. However, trading will not start immediately, as issuers still need the SEC to approve individual ETF registration statements detailing investor disclosures. According to Reuters, industry participants said it was unclear how long the SEC’s approval process might take.
The US Securities and Exchange Commission (SEC) approved the sale of spot Ether Exchange-Traded Funds (ETFs) in the United States on May 23, 2024. The SEC combined proposals from the Nasdaq, NYSE, and CBOE exchanges, which requested changes to existing rules to allow the trading of Ethereum Exchange-Rraded Products (ETPs) and ETFs.
#ETHETFsApproved #buythedip #EthereumETFApprovalExpectations #EtheruemETF