Lido (LDO), the liquidity staking protocol for the Ethereum (ETH) and Polygon (MATIC) blockchains, increased in price significantly in the past 24 hours after the US Securities and Exchange Commission (SEC) approved the applications Signed the long-awaited Ethereum spot ETF on Thursday.
The protocol's native token, LDO, has successfully reclaimed $2.30 and is looking to break out of a month-long downtrend structure that has existed since the market correction in April.
Will the LSD industry skyrocket after the decision to approve Ethereum ETF?
According to the report, the SEC's approval of the Ethereum ETF was detailed in a formal filing, emphasizing that the proposals meet the provisions of the Exchange Act and related regulations governing stock exchanges. national contract.
The Commission has determined that proposals from notable entities such as BlackRock, Grayscale, Bitwise, VanEck, Ark Invest/21Shares, Invesco Galaxy, Fidelity and Franklin Templeton all meet the requirements to prevent fraud and manipulation. financial crisis, investor protection and community interests
Lido (LDO), the liquidity staking protocol for the Ethereum (ETH) and Polygon (MATIC) blockchains, increased in price significantly in the past 24 hours after the US Securities and Exchange Commission (SEC) approved the applications Signed the long-awaited Ethereum spot ETF on Thursday.
The protocol's native token, LDO, has successfully regained $2.30 and is looking to break out of the month-long downtrend structure that has existed since the market correction last April.
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