SEC Delays Decision on Grayscale Spot Ethereum ETF, ETH Price Remains Stable
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.
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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.
The Forbes Under 30 List, including all categories and individual profiles are available on the Ethereum blockchain for permanence.
According to the announcement, the inaugural CF ETH Staking Reward Rate will have four initial SSP contributors which include Kiln, Staked, Figment, and Blockdaemon.
Buterin also touched on the roadmap for Ethereum’s technical upgrades, referring to an imminent transition called ‘Danksharding’ that expands data availability and enables more transactions per block.
TokenFi’s approach opens new possibilities for innovation and involvement in the digital asset space, empowering users to create tokens without requiring tech skills.
JPMorgan expects strong liquidation of the GBTC shares. Finance giant Ark Invest has already liquidated 700,000 shares over the last month.
Ethereum (ETH) price is currently retesting a crucial support/resistance zone around $2,130 with the bulls rejuvenated for a robust bullish breakout.
The L2 protocol anticipates its Mainnet to go live on February 24 next year, enabling withdrawals, with users able to redeem their Blast Points starting May 24.
Celsius Network has received court approval to transform itself into a Bitcoin mining company, owned by its creditors, as part of a comprehensive strategy to repay account holders whose funds have been inaccessible for over a year.
Santander has made this move while most big banks limit their exposure to decentralized blockchains and the cryptocurrencies running on them.
October CPI Figures released by the Labor Department show that inflation is slowing in the US, even though rate hikes may not be over.
Last month, Hayes made a similar forecast, noting that Bitcoin could reach from $750,000 to $1 million towards the end of the current decade.