The U.S. Securities and Exchange Commission (SEC) has encouraged at least four spot Ethereum ETF issuers to submit paperwork for potential approval.
According to sources, three of the issuers have signaled that trading could begin as early as July 23. Following this green light, issuers are expected to begin filing S-1 registration statements this week. In May, the SEC took an important step for the crypto industry by approving exchanges' proposals to list products. However, a separate approval is needed to place these products on the market.
These funds, which will directly hold Ethereum, the second-largest cryptocurrency after Bitcoin, could see inflows of $4.7 billion to $5.4 billion within six months of their debut, according to a recent report from Citigroup. But the bank's researchers suggested that Bitcoin ETFs launched earlier this year may have had lower flows because investors seeking crypto exposure may have already invested.
To gain SEC approval, asset managers have to make some concessions regarding the process of earning rewards for maintaining the blockchain, called staking. For example, Fidelity stated that it would exclude from staking the Ethereum it purchased as part of the ETF.
Staking is a critical issue for Ethereum because it raises questions about whether the token should be considered a security. Last year, the SEC accused Coinbase of violating rules by offering staking services in a lawsuit.
Bitcoin soared after the launch of US ETFs in January, reaching a record high of almost $74,000 before paring its gains.
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Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this: Even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can fix it in 5 seconds.
Very simple. Go to Futures, enter my reference code 88623008 and activate the account. Afterwards, just open a total of 200 USDT transactions and get 10 USDT reward.
WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
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