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    A Secret Society, Ritualistic Killings, and a Century-Old Curse Netflix and YRF Entertainment’s ‘Mandala Murders’ Premieres July 25 – About Netflix

    A Secret Society, Ritualistic Killings, and a Century-Old Curse: Dive into the Chilling World of ‘Mandala Murders’ Premiering July 25

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    A Secret Society, Ritualistic Killings, and a Century-Old Curse Netflix and YRF Entertainment’s ‘Mandala Murders’ Premieres July 25 – About Netflix

    A Secret Society, Ritualistic Killings, and a Century-Old Curse: Dive into the Chilling World of ‘Mandala Murders’ Premiering July 25

    Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target. – Yahoo Finance

    Susquehanna Raises Price Target for Penn Entertainment Inc. (PENN)

    George Lopez is coming to Spokane – KXLY.com

    George Lopez is coming to Spokane – KXLY.com

    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

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    Civic Players Deliver a Hilarious and Unforgettable Performance of ‘Young Frankenstein

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    Wheel of Fortune’ Amputee Breaks Incredible ‘Curse’ to Win $60,000!

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    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

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    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

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    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

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    Owls inspire new revolutionary noise reduction technology – KTEN

    Owls inspire new revolutionary noise reduction technology – KTEN

    New center coming to Mizzou will focus on energy research and technology – Columbia Missourian

    Mizzou Launches Innovative New Center Dedicated to Energy Research and Technology

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    Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

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    Emerging Memory and Storage Technology Market Analysis Report 2025-2034 | AI and HPC Boom Fuels Surging Demand for Fast, Low-Power Memory Devices – Yahoo Finance

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Final Approval of Spot Ethereum ETF Expected to Enable Trading Next Week, Following Multiple Amended S-1 Filings

July 10, 2024
in Business
Final Approval of Spot Ethereum ETF Expected to Enable Trading Next Week, Following Multiple Amended S-1 Filings
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Major financial firms like Fidelity and BlackRock have updated their Spot Ethereum ETF filings in compliance with the SEC July 8 deadline.
Ethereum’s price remains stable above US$3,000 following positive regulatory developments and expectations of ETF approvals.
Future ETF prospects for altcoins like Solana, Cardano, and XRP depend on upcoming political and regulatory changes.

The Spot Ethereum exchange-traded fund (ETF) saga goes into the next round. All applicants have now updated their S-1 filings: Fidelity, VanEck, Franklin Templeton, 21Shares, Grayscale and BlackRock.

Related: Republican Platform Promises to Halt ‘Un-American’ Crypto Crackdown, Opposes Government Digital Currency

These have been filed according to the request by the Securities and Exchange Commission (SEC) which had asked to stick to the deadline of July 8.

The filings do not include details related to fees, as the SEC has informed issuers that these are not needed yet. Senior ETF analyst Eric Balchunas said there shouldn’t be too much back-and-forth from now on – with trading to start soon.

They will give guidance back to issuers soon along with the game plan. Then the docs will come back with fees (and every other blank) filled [in] and then it’s go-time.

Eric Balchunas

Ethereum Price Holds Above US$3K Mark

Meanwhile, the price of the second-largest crypto by market cap has remained steady at over US$3K (AU$4.5K) since the most recent overnight dip. The current price is a solid 6.4% increase from yesterday.

Ethereum (ETH), 1-day graph, source: CoinMarketCap

The price of ETH seems tied to any news around these funds, with many observers firmly expecting a launch without further delays. The odds of the funds being approved increased dramatically last month when the SEC dropped an investigation about ETH’s status as a security.

President of ETF Store, Nate Geraci, said he would be shocked if these funds are not trading within the next two weeks, eyeing July 15 for the first trading day.

Will be *shocked* if spot eth ETFs not trading w/in next 2 weeks…

Later next week a possibility, but think week of July 15th more likely.

Interestingly, price of eth ↓ 20%+ since “surprise” 19b-4 approvals in late May.

— Nate Geraci (@NateGeraci) July 6, 2024

Other Altcoin ETFs Next? Chances of Solana, Cardano and XRP

With the Ethereum ETFs done and dusted – going by the experts at least – the next likely candidates for a fund are probably Solana, Cardano and XRP. VanEck and 21Shares have applied for a US listing of these funds and there has been talk around Cardano and XRP to also get a listing.

However, many observers are highly doubtful if any of this is happening in the near future. If President Joe Biden remains in office – which is still out in the open given his recent shaky public appearances – some believe any such request for a fund for SOL, XRP or ADA will be shot down.

Related: Defying Market Fears, Notcoin and Celestia Rally, with TIA Gaining 27%

Others are hopeful that if elected, self-proclaimed crypto-president Donald Trump could fix the broken relationship between the US-crypto sector and the US Government. Only time will tell whether that expectation will be fulfilled.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : CryptoNews.com.au – https://cryptonews.com.au/news/final-approval-of-spot-ethereum-etf-expected-to-enable-trading-next-week-following-multiple-amended-s-1-filings-122015/

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