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50% chance of ETH spot ETF approval by May

"There is a 50% chance that an Ethereum (ETH) spot ETF will be approved in May," Ryan Rasmussen, research analyst at crypto asset manager Bitwise, told Yahoo Finance. The U.S. Securities and Exchange Commission (SEC) has until May 23 (local time) to decide whether to approve VanEck's application for an ETH spot ETF. "If other crypto spot ETFs besides bitcoin are launched, they will rise in price like BTC. There are many events in the market besides spot ETFs, such as BTC halving, ETH Dencun upgrade, NFT trading volume growth, and Solana price rise. In particular, BTC is in a cycle that could reach at least $88,000 by the end of 2024," he added. Meanwhile, decentralized prediction market platform Polymarket gives the ETH spot ETF a 41% chance of approval in May.

ETH spot ETF hits $9.37 billion in trading volume on second day of trading, off to a strong start, but falls short of BTC

Ethereum spot ETFs have recorded $9.37 billion in trading volume on their second day of trading. Of these, Grayscale's ETHE topped the list with $4.86 billion, accounting for about 52% of the total volume. BlackRock's ETHA followed with $255 million and Fidelity's

blockchain crypto cryptocurrency Ethereum ETF launches favorable price Shelly Young (SpotedCrypto)

Ethereum ETF launches favorable price Shelly Young comments and Grayscale's Ethereum liquidity outflow

Hany Rashwan, CEO of crypto ETP issuer 21Shares, told Bloomberg that the launch of an Ethereum spot ETF has already been partially priced in. "Global macroeconomic and summer seasonal features have also impacted the price of ETH," he said. "While Bitcoin is a digital gold hedge, Ethereum

blockchain crypto cryptocurrency ethereum Spot ETF Debuts Successfully (Spoted Crypto)

ETH Spot ETF Debuts Successfully...Sustained Success Unclear

Bloomberg reported on April 24 that "Nine U.S. ETH spot ETFs surpassed $1 billion in trading volume on their first day of trading in what could be considered a blockbuster debut. However, it's unclear if the box office record can be sustained." "The rationale

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