spot_imgspot_imgspot_img

SEC Set to Evaluate Ethereum Futures ETFs: A Crypto Game-Changer?

  • Several companies have re-submitted applications for Ether futures ETFs this week.
  • The SEC is reportedly ready to review these applications, but this doesn’t guarantee approval.
  • Analysts predict a 65% chance of a Bitcoin spot ETF being accepted by the SEC in 2023.

Several firms have re-introduced applications for Ether futures ETFs, with the SEC reportedly prepared to review these submissions. However, approval is not guaranteed. Meanwhile, analysts foresee a 65% likelihood of the SEC accepting a Bitcoin spot ETF in 2023.

Re-emergence of Ether Futures ETF Applications

Earlier this year, Ether futures ETF applications were presented but later withdrawn. This week, they have resurfaced, with companies such as Volatility Shares, Grayscale, Bitwise, VanEck, ProShares, and Roundhill submitting applications consecutively.

SEC’s Stance on Cryptocurrency ETFs

According to insider information from the SEC reported by Blockworks, the regulatory body is now ready to review these applications. However, one source emphasized that the readiness to review does not necessarily mean approval will be granted. Henry Jim, an intelligence analyst from Bloomberg, expressed a similar sentiment, suggesting that companies are likely submitting applications in the hope of at least getting them reviewed by the SEC.

Previous Attempts and Future Predictions

It’s worth noting that Grayscale, Bitwise, and Roundhill had previously submitted applications for Ether futures ETFs in May. However, following a warning from the SEC, these applications were sequentially withdrawn. In other news, renowned Bloomberg analysts James Seyffart and Eric Balchunas recently penned a significant report on Bitcoin spot ETFs. They predicted a 65% chance of the SEC approving a Bitcoin spot ETF within 2023.

Conclusion

While the re-submission of Ether futures ETF applications indicates a renewed push for acceptance in the cryptocurrency market, the SEC’s readiness to review these applications does not guarantee approval. The future of cryptocurrency ETFs in the US remains uncertain, but analysts are optimistic about the potential approval of a Bitcoin spot ETF in the near future.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news

spot_imgspot_imgspot_imgspot_img

Latest News

Financial Advisory Firm Carson Group Approves 4 Spot Bitcoin ETF Products!

Financial advisory platform Carson Group has made four spot Bitcoin ETF products accessible to its clients.

Bitcoin Approaches Its Next Halving: Can This Time Be Different?

As Bitcoin nears another halving, the crypto community watches closely, anticipating its potential impact on the market amidst evolving circumstances.

Bitcoin Funding Rate Dips Negative Amid $251M ETF Inflows: A Bearish Signal or Market Resilience?

This article delves into the recent negative turn in Bitcoin's funding rate against a backdrop of significant ETF inflows, exploring whether this signals a bearish trend or underscores the cryptocurrency's resilience.

Massive XRP Transfer Raises Concerns: XRP May Experience Selling Pressure!

The substantial transfers of XRP have garnered attention; will the transfers to Bitso and Bitstamp create selling pressure on XRP?

Uniswap Introduces “uni.eth” Subdomains with ENS Integration: Here are the Details!

Decentralized exchange platform Uniswap has introduced uni.eth subdomains with Ethereum Name Service integration.
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Ethereum Breaks $3K as Rally Continues: What’s Next for ETH?

This article dives into Ethereum's recent surge past $3,000, analyzing the technical indicators and market dynamics driving its ascent and future prospects.

Will Bitcoin Rise To $50,000? Current BTC Analysis

Bitcoin is trading at $48,400 and may rise to $50,777 if it closes above $48,200. However, caution is advised in the range of $50,777 - $52,000. Corrections are common in the crypto market, so careful consideration is necessary before spot investments.

Where is the Solana Rise Target? Current SOL Analysis!

Solana is trading near the $108 resistance on the 8-hour chart, with a potential target of $111.84 if it surpasses this level. However, caution is advised in the $111.84 - $117.20 resistance range on the 6-hour timeframe.

Medium Term Ethereum Technical Analysis! What Awaits Its Investors?

When examining the medium-term technical chart of Ethereum, strong buying pressure is observed, pushing the price up from the $2139 support to the $2350 region. However, for the price to sustain its upward movement, it needs to surpass the $2407 resistance.

Can Bitcoin Fall To $35,000 Levels? Current BTC Analysis

When examining Bitcoin's 5-day technical chart, the analysis from January 18 is ongoing, indicating a continued downward movement from the $48,189 level. Bitcoin needs to close 5-day candles above the $44,200 resistance to gain momentum for an upward trend. 
Gideon Wolf
Gideon Wolfhttps://en.coinotag.com/
GideonWolff is a 27-year-old technical analyst and journalist with extensive experience in the cryptocurrency industry. With a focus on technical analysis and news reporting, GideonWolff provides valuable insights on market trends and potential opportunities for both investors and those interested in the world of cryptocurrency.
spot_imgspot_imgspot_imgspot_img

Financial Advisory Firm Carson Group Approves 4 Spot Bitcoin ETF Products!

Financial advisory platform Carson Group has made four spot Bitcoin ETF products accessible to its clients.

Bitcoin Approaches Its Next Halving: Can This Time Be Different?

As Bitcoin nears another halving, the crypto community watches closely, anticipating its potential impact on the market amidst evolving circumstances.

Bitcoin Funding Rate Dips Negative Amid $251M ETF Inflows: A Bearish Signal or Market Resilience?

This article delves into the recent negative turn in Bitcoin's funding rate against a backdrop of significant ETF inflows, exploring whether this signals a bearish trend or underscores the cryptocurrency's resilience.