However, a SOL ETF might face several difficulties since there are no futures ETFs for SOL yet, and the #SEC has recognized #Solana as a security.
Meanwhile, #ETH has managed to break through $3,900
#CryptoNews
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#Opinion
π· The approval of spot #ETF on #ETH was a political decision
According to ARK Invest CEO Cathie Wood, the cryptocurrency issue became part of the Biden administration's agenda after Trump began using cryptocurrencies in his election campaign. Before this, none of the companies vying for ETF approval anticipated it, and the SEC was not engaging in dialogue with any of themπ€
Meanwhile, experts expect an #Ethereum-ETF by the end of June.
According to ARK Invest CEO Cathie Wood, the cryptocurrency issue became part of the Biden administration's agenda after Trump began using cryptocurrencies in his election campaign. Before this, none of the companies vying for ETF approval anticipated it, and the SEC was not engaging in dialogue with any of them
Meanwhile, experts expect an #Ethereum-ETF by the end of June.
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We are pleased to announce that KickEX has received a brokerage license from the state of El Salvador, thus significantly expanding the range of features on our platform. As an official #Bitcoin service provider, we can offer you even more valuable services.
Hereβs what the license enables:
This important achievement opens up great prospects for growth and innovation. Additionally, our team plans to obtain licenses for working with #Ethereum (#ETH), #Tether (#USDT), and other assets. Read more about this on our official blog and stay tuned for further updates!
Sincerely,
The KickEX Team
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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
#CryptoNews
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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.
#CryptoNews
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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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