$ETH $BTC Ethereum ETF June launch ‘legit possibility’ as BlackRock files S-1 BlackRock updated its Form S-1 for its spot Ether ETF, which analysts say is a “good sign” that issuers and the SEC are working on ETF launches.
🚨🚨The Securities and Exchange Commission (SEC) has approved the ETF ...... 🔥 of rule changes that will allow exchanges to begin listing spot ethereum ETFs from several major firms, including BlackRock, Ark Invest, and Fidelity. The decision, announced late Thursday, marks a significant development in the cryptocurrency investment landscape
🔥Pending Final Approvals
🔥While the approval is a critical step forward, it does not mean that these ETFs can be launched immediatel
.🔥 Each issuer must still obtain individual registration statement approvals from the SEC, a process that could take several weeks.
🔥The initial applications for these spot ethereum ETFs were filed in September by firms like VanEck and Ark. In total, nine firms have applied to launch ten different products.
🔥 The approved rule change now paves the way for eight of these products, which also include proposed ETFs from Bitwise, Franklin Templeton, Grayscale, VanEck, and Invesco. 🔥 if this informative for you don't forget to follow ...🌹
🚨🚨$BTC $ETH l 🔥The (SEC) has given approval for US stock exchanges to begin listing ether ETFs, following in the footsteps of the spot bitcoin ETFs (BTC-USD) greenlit at the beginning of 2024.
🔥But what exactly are the fundamental differences between the two major cryptocurrencies (ETH-USD) and the blockchain networks they run on? Wealth! Host Brad Smith breaks it all down.
Well
The SEC is taking its first step towards allowing ether ETF S to trade the Securities and Exchange Commission approving applications for eight ethereum ETF S. However, there are further approvals that are needed before products can launch.
But let's back up for all of some of the crypto curious investors out there who are just sticking their foot or toes in the water here.
What is ether?
With a market cap of over $450 billion?
Right now, it's the second largest Cryptocurrency behind Bitcoin, and it's used to power the Ethereum Blockchain but ether and Bitcoin.
They differ in several ways here.
The most important difference is that the ether and Blockchain and Bitcoin Blockchains run on two different frameworks used to power crypto transactions ether.
It runs on proof of stake Bitcoin proof of work for Bitcoin.
Transactions are verified by computers using electricity so called crypto miners, while for ether's network, those same transactions are verified through a process known as staking.
Now, staking is like putting your money in this case your ether into a pool to help keep the network secure and then validate transactions.
And in return for this you have a chance to get more ether.
Think of it almost like interest.
The SEC approved 11 spot Bitcoin ETF S earlier this year, and hype around the currency led to Bitcoin, reaching an all time high of over $73,000 back in March.
The SEC has just cleared the way for eight ether ETF S to trade pending some further approvals.
🚨. Don't forget to follow the me more latest news and updates ...
### What are Trading Fees? When you buy or sell cryptocurrency on an exchange, the platform charges you a small fee for the service. This fee is called a trading fee. ### Types of Orders 1. Limit Order: This is an order to buy or sell at a specific price or better. You set the price at which you want to buy or sell. 2. Market Order: This is an order to buy or sell immediately at the current market price. ### Maker and Taker 1. Maker: If your limit order adds to
Bitcoin (BTC) and ether (ETH) prices declined in the past 24 hours, despite several ether exchange-traded funds being granted approval to list in the U.S.
The ether price, which was up more than 20% in the past week, fell 4% after the approval, which became a "sell the news" event.
Traders say they expect a significant influx of institutional capital into the ether market in the long term. what you think ...🤔