SEC to Approve Ethereum ETFs by May 23, Analysis Predicts
BlackRock Files for Ether ETF with SEC
The long-awaited approval of Ethereum ETFs could be just around the corner, with Standard Chartered predicting a green light on May 23. This is the final deadline for the first wave of applications. BlackRock has recently filed for an Ethereum ETF with the U.S. Securities and Exchange Commission (SEC), adding to the anticipation.
Ethereum ETF Approval a Major Step for Crypto Industry
The approval of an Ethereum ETF would be a significant milestone for the cryptocurrency and the broader industry. It would provide investors with a regulated and accessible way to gain exposure to Ethereum, potentially attracting institutional capital and increasing liquidity in the market.
Key Points
- Analysis predicts an 85% chance of spot Ether ETF approval in May by the SEC.
- Ethereum price surges over 20% in anticipation of potential approval.
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