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Cryptocurrency News Articles
The SEC Approved the Launch of Spot Ethereum ETFs
Jul 23, 2024 at 04:52 am
Around six months since the approval of spot Bitcoin ETFs in January, crypto investors got their wish – the approval of the first altcoin ETF.
The United States Securities and Exchange Commission has approved the launch of spot Ethereum ETFs, according to CNBC's ETF Edge reporter.
The approval comes around six months after the SEC approved the launch of spot Bitcoin ETFs in January.
“It's official: Spot Eth ETFs have been made effective by the SEC,” wrote ETF Edge's Eric Balchunas on Twitter. “The 424(b) forms are rolling in now, the last step = all systems go for tomorrow's 930am launch. Game on.”
The approval of spot Ethereum ETFs is a significant milestone for the cryptocurrency space and will open the door to new investment opportunities in the second-largest cryptocurrency by market capitalization.
In May, the SEC approved all 19b-4 applications for spot Ethereum ETFs, and three months later, the regulator approved the S-1 applications, officially giving the green light for spot Ethereum ETF trading to begin.
As of Friday morning, ETH was trading at $3,460 after a slight decline over the past 24 hours and was up 1.6% on the weekly chart.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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- May 01, 2026 at 11:27 pm
- Miami buzzes as Consensus 2026 approaches on May 5th, highlighting Web3, blockchain, crypto, NFTs, and the metaverse's shift from hype to institutional and sustainable reality.
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- Bitcoin Miners Electrify the Grid: Ohio Gas Plant Acquisition Powers Up a New Era for Digital Gold
- Apr 30, 2026 at 10:38 pm
- The Bitcoin mining industry is undergoing a significant transformation, with major players aggressively expanding operations and strategically acquiring energy assets like Ohio gas plants to solidify their future in the digital economy.
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- Solana's Slippery Slope: Price Prediction Points to Resistance Loss and Potential Further Drops
- Apr 30, 2026 at 09:08 pm
- Solana is struggling to break key resistance, signaling potential downside. Repeated rejections at $86-$88, coupled with a broken short-term pattern, point to targets as low as $67, or even $40, as sellers maintain control. Investors should watch critical support levels closely.
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- NYC's New Beat: Staking Systems, USD1, and Governance Drive Crypto's Next Wave
- Apr 30, 2026 at 03:02 pm
- From lucrative USD1 earning events to robust governance models, the crypto sphere is buzzing with innovations reshaping how we engage with digital assets, focusing on long-term commitment and stablecoin utility.
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- OKX Unveils Agent Payments Protocol: Ushering in a New Era of AI Transactions
- Apr 30, 2026 at 02:53 pm
- OKX launches its Agent Payments Protocol (APP), an open standard for AI-driven commerce, enabling agents to manage full business cycles. Explore the implications for AI transactions and agentic payments.
