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The crypto community is discussing the chances to see the spot ETH ETF applications approved in May 2024.
The imminent approval of Bitcoin spot ETFs in the United States is expected to pave the way for more fund managers to apply for Ethereum spot ETFs in the near future.
Blockchain analytics firm Nansen reports that almost a third of the ETH in the pending withdrawal queue belongs to Celsius, totaling 206,300 ETH valued at approximately $468.5 million at current prices.
In a new blog post, Vitalik Buterin noted the loss of the original web3 values, the ways that the community can get back on track, and the progress that Ethereum has made so far.
Buterin emphasized that these proposals provide credible ways to limit the number of signatures without compromising security or showing favoritism.
The recent gains of Ether mean that its price is now up 15% in one month compared to SOL’s 82%.
Anyone with the will and the technical ability is free to run their own Ethereum validator and connect to SSV.
Coinbase said the launch of the international digital asset trading platform is part of its move for global expansion driven by regulatory uncertainties in the United States.
Buterin believes the enshrined zkEVM method, which returnes functions to L1, is the next course of action as “light clients” get stronger.
JPMorgan analysts predict that Ethereum will see massive growth in 2024, mostly thanks to its upcoming EIP-4844 upgrade. This upgrade will introduce improved sharding methods.
Santiment revealed that despite a price drop, Bitcoin can reach $50,000. Altcoins have already embarked on a strong surge with Ethereum and Solana leading the show.
The US SEC has delayed its decision on converting Grayscale’s ETHE product to a spot Ethereum ETF by another 45 days with the next hearing on January 25, 2024.
With the $90 million worth of ETH in question, a buy or sale of that amount will cause at least a 2% move in the direction of the market.
Reuters said the launch of the BTC and Ether trading services by Unibanco comes a few months after two of the country’s companies exited the crypto market.
Bloomberg ETF analyst James Seyffart estimates that the SEC’s decision deadline for Fidelity will likely be January 21, 2024, with the final decision expected on March 8, 2024.