Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Wormhole Integrates $36B Dogecoin to Solana: Details

01/07/2025

What’s Next for ‘MapleStory Universe’? More Ways to Play

01/07/2025

$5.86 Billion In Bitcoin Flows Into ETFs In May

01/07/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    $5.86 Billion In Bitcoin Flows Into ETFs In May

    01/07/2025

    Texas Lawmaker Misses Disclosure Deadline on Bitcoin Buys

    30/06/2025

    U.S. Share of Bitcoin, Ether and Solana Trading Volume Falls Below 45% as Asia Catches Up

    30/06/2025

    Bitcoin Languishes Below $105K Despite Record-Breaking Conference Attendance

    30/06/2025

    Ethereum (ETH) Price Prediction For June 25

    30/06/2025

    Ethereum Network Activity Tanks as Investors Flee Risk—Will the Price Follow?

    29/06/2025

    Ethereum Developer Proposes 6-Second Block Times to Boost Speed, Slash Fees

    29/06/2025

    Abraxas Capital’s Monumental $28M Ethereum Deposit Rocks the Crypto Market

    29/06/2025

    Wormhole Integrates $36B Dogecoin to Solana: Details

    01/07/2025

    Crypto Analyst Warns XRP Holders to Learn a Useful Lesson from Mt Gox

    01/07/2025

    iExec To Accelerate Growth With Expanded RLC Token Utility & Incentives

    30/06/2025

    NEAR Protocol Adds AI and Humans to Governance Table

    30/06/2025

    Hela Labs Partners Arcane Vault to Redefine Multi-Chain NFT Network

    30/06/2025

    CryptoPunk and Azuki Lead Pack of Top NFT Sales in June 2025

    30/06/2025

    Top 10 Upcoming NFT Collections to Watch in July 2025

    30/06/2025

    Guild of Guardians and Courtyard Lead Weekly NFT Sales as Top Collections Surge

    29/06/2025

    Wormhole Integrates $36B Dogecoin to Solana: Details

    01/07/2025

    What’s Next for ‘MapleStory Universe’? More Ways to Play

    01/07/2025

    $5.86 Billion In Bitcoin Flows Into ETFs In May

    01/07/2025

    Elon Musk’s xAI Seeks $4.3 Billion in Fresh Funding: Bloomberg

    01/07/2025
  • Blockchain

    WachXBT Hits Virtuals Protocol with Real-Time Agent Security

    30/06/2025

    HashKey Chain, GF Securities Hong Kongroll out end-to-end tokenized security

    30/06/2025

    BNB Chain Leads in Stablecoin Activity with Gas Free Transfers Extended

    30/06/2025

    Circle Brings CCTP V2 to Unichain with Instant USDC Moves

    30/06/2025

    Autonomys Taps GG3’s AI Layer to Transform AI & Web3 Communities

    30/06/2025
  • DeFi

    Buybacks are the ultimate proof-of-resilience in DeFi

    30/06/2025

    Aave DAO Unanimously Approves Phase 3 of Chainlink SVR Expansion on Ethereum

    30/06/2025

    Core DAO Unveils Ambitious H2 2025 Roadmap

    30/06/2025

    Chainlink Ranked #1 in DeFi for Development Momentum

    29/06/2025

    Decentralized Oracle Network Chainlink Continues Run As Most-Developed Project in the DeFi Sector: Santiment

    29/06/2025
  • Metaverse

    Can China’s MiniMax-M1 AI Topple US Rivals? We Put It to the Test

    28/06/2025

    Meta and OpenAI Use of Copyrighted Books for Training AI Was Fair Use: Federal Judge

    26/06/2025

    How to Get Your Chatbot to Talk Dirty

    18/06/2025

    Meta Invests $14 Billion in Scale AI to ‘Deepen’ its Work on Superintelligence

    13/06/2025

    US Senators Probe Stablecoin Plans by Facebook Parent Meta

    12/06/2025
  • Regulation

    Elon Musk’s xAI Seeks $4.3 Billion in Fresh Funding: Bloomberg

    01/07/2025

    Tron Inc. Deal Gives Justin Sun’s Father Control of Public Firm Via $100M Token Deal

    30/06/2025

    Trump Sends Mixed Signals on Iran Talks, Fueling Crypto Market Volatility

    30/06/2025

    OpenAI Lands Pentagon Deal—Musk’s xAI Left Watching From Sidelines

    30/06/2025

    China’s central bank says to promote digital yuan, multi-polar currency system

    30/06/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Crypto exchange Bakkt files to raise up to $1 billion to support Bitcoin strategy

    29/06/2025

    Biswap spikes after Binance delisting, new roadmap sparks rebound

    29/06/2025

    Npay Unveils Bold Plan for Korean Won Stablecoin Dominance

    29/06/2025

    Upbit Suspends FLR Deposits Amid Critical Flare Network Halt

    29/06/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    What’s Next for ‘MapleStory Universe’? More Ways to Play

    01/07/2025

    The Biggest Games Releasing in July 2025

    29/06/2025

    The Lords of Light’ Shutting Down, ‘Eve Frontier’ Trial

    29/06/2025

    Floki Forges Partnership with Method to Bring Valhalla to MMO Community

    28/06/2025

    Bitcoin Mining Companies’ Revenues Are Falling, But They’re Not Selling – What Does This Mean Historically?

    30/06/2025

    Why Did Bitcoin Hashrate Plummet After the U.S. Attacked Iran’s Nuclear Facility? Was Iran Mining Bitcoin? Here Are Estimates of Its Bitcoin Holdings

    29/06/2025

    Cango Finalizes 18 EH/s Mining Acquisition, Surpasses 50 EH/s as Antalpha Ties Deepen

    29/06/2025

    Ethiopians question demand and power consumption despite crypto mining boom

    28/06/2025

    US academic institutions urge SEC to implement stringent crypto staking rules, oversight

    30/06/2025

    Majority Whip Tom Emmer says House will vote on GENIUS stablecoin bill if paired with CLARITY Act

    30/06/2025

    Lost in Translation – A Look at Who Is Really Building a Korean Stablecoin

    30/06/2025

    House clears HB 1664, setting Commerce Department as lead federal blockchain coordinator

    30/06/2025

    Wormhole Integrates $36B Dogecoin to Solana: Details

    01/07/2025

    What’s Next for ‘MapleStory Universe’? More Ways to Play

    01/07/2025

    $5.86 Billion In Bitcoin Flows Into ETFs In May

    01/07/2025

    Elon Musk’s xAI Seeks $4.3 Billion in Fresh Funding: Bloomberg

    01/07/2025
  • MarketCap
NBTC News
Home»Ethereum»Divergent Views on Spot Ethereum ETF Approval, ETH Price Drops 5%
Ethereum

Divergent Views on Spot Ethereum ETF Approval, ETH Price Drops 5%

NBTCBy NBTC28/02/2024No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


The world’s second-largest cryptocurrency Ethereum (ETH) continues to face strong selling pressure. In the last 24 hours, the ETH price has tanked another 5% and is currently trading at $2,213 with a market cap of $265 billion. It seems that the ETH price can correct an additional 10% to take support at $2,000.

The Spot Ethereum ETF Approval

Eleanor Terrett from Fox Business sheds light on the varied opinions and perspectives surrounding the potential approval timeline for an Ethereum ($ETH) Exchange-Traded Fund (ETF). Discussions involve insights from ETF issuers, investment management firms, and sources close to the U.S. Securities and Exchange Commission.

  • One issuer of a Bitcoin ($BTC) Spot ETF, concurrently awaiting approval for an ETH Spot ETF, expresses confidence that the successful approval and seamless launch of Bitcoin spots may influence the SEC to greenlight ETH spot ETFs.
  • Conversely, another source presents a contrasting viewpoint, stating that the current sentiment at the SEC is a “hard no,” with some internal resistance to the idea.
  • Another source believes that the approval path for ETH spot ETFs could be smoother, pointing to the listing of ETH futures ETFs and BlackRock’s track record in obtaining ETF approvals. They anticipate a potential launch by the end of the summer. Addressing SEC Chair Gary Gensler’s ambiguous stance on Ethereum’s status as a potential security, the source notes the CFTC’s classification of ETH as a commodity and Ripple’s partial victory with $XRP not being deemed a security during secondary market transactions. This leads them to believe Gensler may find it challenging to assert that most digital assets are securities.
  • SEC Commissioner Hester Peirce emphasizes the need to avoid repeating past delays with ETH ETFs, emphasizing the importance of applying ‘regular way’ consideration to these products, similar to other comparable offerings.

Terrett concludes that the SEC holds the key to the fate of Ethereum ETFs, with upcoming months expected to provide clues on the depth of SEC staff engagement with S-1 filings, akin to their scrutiny of Bitcoin spot ETFs.

The ETH Price Action

Ethereum experienced a significant decline in the recent trading session, particularly falling below the 50-day Exponential Moving Average (EMA). The analysis suggests that Ethereum might target the $2,100 level. A crucial factor to watch is whether the price breaks below $2,100 and then swiftly rebounds above it, potentially indicating a bullish move.

The 200-day EMA is positioned around the $1,950 level, and its upward trajectory aligns with this zone. The interaction between Ethereum’s price and the rising 200-day EMA presents an intriguing scenario, warranting close observation to discern the potential market dynamics.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Ethereum (ETH) Price Prediction For June 25

30/06/2025

Ethereum Network Activity Tanks as Investors Flee Risk—Will the Price Follow?

29/06/2025

Ethereum Developer Proposes 6-Second Block Times to Boost Speed, Slash Fees

29/06/2025

Abraxas Capital’s Monumental $28M Ethereum Deposit Rocks the Crypto Market

29/06/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Wormhole Integrates $36B Dogecoin to Solana: Details

01/07/2025

What’s Next for ‘MapleStory Universe’? More Ways to Play

01/07/2025

$5.86 Billion In Bitcoin Flows Into ETFs In May

01/07/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.