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BlackRock Hires Former GSR Analyst as ETH Spot ETF Weighs Approval

BlackRock, a major player in the bitcoin spot ETF market, has hired former GSR Market Research analyst Matt Kunke as director and product strategist for crypto ETFs, after the crypto market maker predicted a 75% chance of approval for an Ethereum spot ETF in May. Prior to GSR, Kunke worked at JPMorgan and Credit Suisse. "Based on our optimistic outlook, including the Grayscale lawsuit victory, we believe there is a 75% chance that an ETH spot ETF will be approved by May. If the SEC denies approval, there will be an inevitable appeal."

Meanwhile, Ethereum's Dencun upgrade is scheduled for the 13th. With bitcoin hitting a record ATH on the eve of its halving, the spotlight is on Ethereum, which is getting a boost from the ETF and Dencun upgrade.

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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