Bloomberg Analyst: Ethereum Spot ETF May Launch in Mid-June
Bloomberg ETF analyst James Seyffart stated that the S-1 approval for Ethereum spot ETF could be completed "within a few weeks", but it might take longer as this process usually takes up to five months. Bloomberg ETF analyst Eric Balchunas responded, saying mid-June is definitely possible. Balchunas expects there will only be one round of comments on the S-1 amendment document, similar to the feedback provided by SEC for Bitcoin spot ETF applicants. This process takes about two weeks, which is how he arrived at his mid-June estimate.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Analyst Predicts Slower Liquidity Surge for 2025 – What It Means for Markets and Bitcoin
Bitcoin dominance hits 59.75% as ETH/BTC slips below key support
Share link:In this post: Bitcoin dominance hit 59.75% this week as BTC pushes higher, while Ethereum struggles against it, dropping to a new low on the ETH/BTC pair. Institutional interest in Bitcoin is strong, with $997.7 million flowing into BTC ETFs, its third straight week of inflows. Tether’s USDT faced volatility after reports of a U.S. government investigation, briefly dipping below its peg before recovering slightly.
Sotheby’s VP Michael Bouhanna turns meme coin BAN into a $1M payday with insider trading
Share link:In this post: Michael Bouhanna, Sotheby’s VP, launched his own meme coin, BAN, after losing money on other meme coins, using insider wallets to make over $1 million. Bouhanna openly shared his wallet address before deleting it, revealing his link to BAN’s creation and insider buys for profit. His setup included multiple wallets funded from a single source, allowing him to control and trade under the radar.
Daily BTC Market Briefing | Explore the Future of Crypto and Seize Market Opportunities