Gary Gensler made this statement during a Congressional hearing, additionally noting that Ethereum ETFs will receive approval "sometime, but definitely before the end of the summer."
Amid the anticipated approval, whales are accumulating #Ethereum. For instance, analysts from CryptoQuant recorded a daily purchase of 298 000 ETH, which became the second largest in history
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The regulator no longer claims that #Ethereum is a security π₯³
Meanwhile, issuers of spot Ethereum #ETFs are correcting their application forms for resubmission. The updated applications may be submitted by the end of this week, and the listing of new instruments could happen in early July.
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For #ETH/#USDT: 3362 is the lower consolidation zone and also a support level with a three-drive pattern. A good level where there may be many stop orders from market traders, which can lead to a good impulsive move.
- expect a small movement to the 3430-3450 zone, place limit orders for a short position, and wait for the 3362 level to be broken
- place pending orders for a short at the price of 3360; when the level is broken, the position will open short. Place limit orders in advance to fix the positions
This is not a trading recommendation
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#Opinion
β‘οΈ #Reuters reports on the launch of an #ETH-#ETF on July 4th
The agency's report cites its sources and claims that negotiations between the regulator and management companies are nearing completion.
Experts from #Bloomberg also report on the imminent launch of an ETF on #Ethereum, but according to their information, the launch could happen as early as July 2nd.
π― β Ethereum is going to the moon
π β Itβs gonna go flat
The agency's report cites its sources and claims that negotiations between the regulator and management companies are nearing completion.
Experts from #Bloomberg also report on the imminent launch of an ETF on #Ethereum, but according to their information, the launch could happen as early as July 2nd.
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#Opinion
π· Analysts from K33 Research predict that after the launch of an #ETF, #Ethereum will surpass #BTC in growth rate
In their opinion, trading could start as early as July 8, leading to a significant increase in the price of #ETH.
Meanwhile, #Bloomberg reports that the #SEC will approve the applications on July 12, and trading will begin in the middle of the month. If launched, experts foresee a capital inflow into the ETH-ETF of 45 billion dollars in the first year of tradingπ
In their opinion, trading could start as early as July 8, leading to a significant increase in the price of #ETH.
Meanwhile, #Bloomberg reports that the #SEC will approve the applications on July 12, and trading will begin in the middle of the month. If launched, experts foresee a capital inflow into the ETH-ETF of 45 billion dollars in the first year of trading
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The market is showing an extreme level of fear and panic selling. Whales with balances of 1,000 to 10,000 bitcoins sold over $1.8 billion.
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ETF market analyst from #Bloomberg, Eric Balchunas, reported that the #SEC has sent a request to #ETH-ETF issuers to submit final application forms, including fee details.
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#FactOfTheDay
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