The U.S. Securities and Exchange Commission (SEC) has officially approved the 19b-4 filings of eight spot ETH ETFs. Analysts predict that "the final S-1 approval for the ETH spot ETF may be completed in "a few weeks," and the spot ETH ETF will be listed in July or August."
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The U.S. Securities and Exchange Commission (SEC) has officially approved the 19b-4 filings of eight spot ETH ETFs, including BlackRock, Fidelity, Grayscale, Bitwise, VanEck, ArkInvestment, Invesco Galaxy, and Franklin Templeton. Although the 196-4 filing has been approved, ETF issuers need the S-1 to take effect before they can start trading. The SEC has begun discussing the S-1 form with issuers. It is not clear how long this process will take, and some analysts speculate that it may take weeks. Gary Gensler, director of the U.S. SEC: There are "serious conflicts of interest" in cryptocurrency exchanges, and the cryptocurrency market needs "referees on the field." The U.S. Securities and Exchange Commission (SEC) is committed to complying with the legal requirements for cryptocurrency ETF applications. The SEC has legal tools in the field of cryptocurrency security, and not all crypto tokens are securities. Musk said that he expects to send humans to Mars within seven to eight years. In addition, he said: Given the development of artificial intelligence, he envisions a possible scenario where work may become a hobby. The U.S. Commodity Futures Trading Commission (CFTC) said JPMorgan Chase was fined $200 million for regulatory failures. Cointelegraphresearch said that industry observers said that the approval of the spot ETH ETF by the U.S. Securities and Exchange Commission (SEC) indicated that it recognized that ETH was a non-security type. British investment advisor CrossBridge Capital MD said that BTC will reach $250,000 in the next 3 to 5 years, and the UK is ready. IntoTheBlock said that during the recent surge in BTC prices to $70,000, addresses holding 1,000 to 10,000 BTC have increased their holdings by a total of 20,000 BTC in the past 7 days.
Tom Lee, managing partner of Fundstrat Global Advisors, said that BTC is still in the early stages of the upward cycle, and BTC may reach $150,000 this year within the agency's basic assumptions. Lee pointed out in explaining his reasons that it is macroeconomic changes from the United States. Eric Balchunas, senior ETF analyst at Bloomberg, said that the letter from U.S. House of Representatives members to Gary Gensler, director of the U.S. Securities and Exchange Commission (SEC), not only mentioned ETH ETFs, but also "other digital assets". If U.S. congressmen seize the loopholes of the SEC and submit various tokens to test the limits of regulation, it is hoped that it will not be surprising. Lisa Wade, CEO of DigitalX, said that BTC's market price trend is stable, and the diversification of trading methods has enabled a wider range of investors to participate than before, thereby accelerating capital inflows. The U.S. Securities and Exchange Commission (SEC) approved the 196-4 documents of eight spot ETH ETFs on Friday. A spokesperson for the SEC said that the agency would not comment on anything other than the approval order for spot ETH ETFs. According to a research report by broker Bernstein, the SEC's approval of the spot ETH ETF fund will be seen as a regulatory relief for the crypto industry, and it also raises expectations for peers other than BTC and ETH. The listing of ETH spot ETF requires approval of both 196-4 and S-1, and is currently waiting for the approval of the S-1 document. ETF issuer VanEck has submitted the revised S-1 application document for the spot ETH ETF as soon as possible. The spot ETH (code ETHA) launched by BlackRock has been listed on the website of the US Securities Depository and Clearing Corporation (DTCC), and the creation/redemption column is displayed as D. The Galaxy Digital report predicts that the spot ETH ETF will be listed on the exchange in July or August. There are several months between the potential approval of these funds and their official launch. Regulators must approve two types of documents: 19b-4s (Proposed Rule Change Form) and S-1 (Registration Statement).
Jeffery Ding, chief analyst of HashkeyGroup, believes that in the medium term, the market size of ETH spot ETF is expected to reach 75% of BTC spot ETF. If the FIT21 bill is passed, it will transfer the supervision of digital currency from the US Securities and Exchange Commission (SEC) to the Commodity Futures Trading Commission (CFTC), which is more friendly to cryptocurrencies. Nathan Dean, senior policy analyst at Bloomberg, said that although he personally tried to remain neutral on crypto regulations, he still felt that this week might be a turning point, and the ETH spot ETF might be approved soon, as well as the FIT21 bill and SAB121 bill that reshape digital asset regulation. 2025 might be a good year for US cryptocurrency policy. James Seyffart, ETF analyst at Bloomberg, said that the S-1 approval of the ETH spot ETF could be completed "within a few weeks", a process that usually takes up to five months. ETF analyst Eric Balchunas said that mid-June is definitely possible, and it is expected that there will be only one round of comments on the S-1 amendment document, similar to the feedback provided by the SEC to the spot BTC ETF applicants. This process takes about two weeks, which is how he came up with the mid-June estimate. Nvidia's first quarter financial report exceeded expectations, and its stock price broke through the $1,000 mark, setting a new record high. Its market value increased by more than $160 billion, and its total market value reached $2.5 trillion. Citi raised Nvidia's target price to $1,260, and Goldman Sachs raised Nvidia's target price to $1,200. On Friday, U.S. stock indexes opened higher and closed higher, with the Nasdaq up 1% and the S&P 500 up 0.6%. BTC spot ETFs have seen net inflows for nine consecutive days. SoSoValue data shows that BTC spot ETFs had a total net inflow of $108 million on May 23.
JPMorgan Chase said: Strong performance from AI darling Nvidia and steady economic growth mean the S&P 500 may have room to rise further, with GDP growth at or above trend levels, positive performance, and the Fed staying on the sidelines, all of which are a recipe for a bull market. UBS raised its gold forecast by 4% to $2,600 an ounce by the end of the year, and the recent pullback was "relatively short-lived" as it expected lower interest rates would drive inflows into gold-backed ETFs. Bank of America data showed that $10.5 billion flowed into the U.S. stock market in the past week; cryptocurrency funds attracted the fifth-largest inflow on record, reaching $1.4 billion. ETH spot ETF continues to power the bull market. It was originally thought that the summer would lack heat and the currency market would be flat or fall. Now there is a hot narrative for spot ETH ETF, which will ease market anxiety and is expected to prevent the decline. It will show an upward trend until the spot ETH ETF is actually listed. After the ETH spot ETF landed, it experienced a brief adjustment, and the time has come for the Fed's first interest rate cut, and the Fed will release water. It will be difficult to have a deep correction in the bear market. The bull market is becoming more and more optimistic in the short, medium and long term. Have a good rest over the weekend. #现货以太坊ETF获美SEC批准 #BTC走势分析 #5月市场关键事件