4 things you must know about Ethereum:
1. Ethereum Prices Strengthen After SEC Gives Green Light to ETFs:
- On May 27, 2024, the price of the Ethereum crypto asset strengthened after the United States Securities and Exchange Commission (SEC) gave the green light to a number of investment companies to trade Ethereum exchange traded funds (ETF). This decision comes less than six months after the SEC gave the green light to a Bitcoin ETF. This product, which is similar to mutual funds, is considered a major success for the industry, with capital inflows reaching more than 12 billion US dollars. The SEC has given approval to 8 investment management companies to launch Ethereum ETFs, including BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark, Invesco Galaxy, and Franklin Templeton. The price of Ethereum was observed to be strengthening, at around IDR 62.28 million per chip, gaining 2.49 percent in one day, and had shot up 24.42 percent from last week.
2. Positive Signals from SEC Decision for Ethereum Spot ETFs:
- The SEC's decision to approve the Ethereum Spot ETF registration proposal on May 27, 2024 has sparked a positive reaction in the crypto market. ETH prices immediately skyrocketed when the Ethereum ETF issue was widely discussed. ETH, which was originally in the $3,000 area, immediately rose sharply. Other tokens in the Ethereum ecosystem such as ENS, ETHFI, REZ, PEPE, and others also strengthened significantly. With this increase, the total crypto market capitalization increased by approximately $150 billion to $2.51 trillion at the time of writing this article.
3. Postpone Ethereum Spot ETF Decision to May 2024:
- The SEC postponed its decision on several Ether (ETH) exchange-traded funds (ETFs) until May 2024. In several regulatory filings on December 18, the agency postponed its decision on the Hashdex Nasdaq Ethereum ETF and Grayscale Ethereum Futures ETF.
for number 4 it is below the comments
