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SEC approves 8 Ethereum ETFs including BlackRock and Fidelity

The SEC has approved a batch of spot Ethereum ETFs after a sudden pivot just four months after it approved spot Bitcoin ETFs.

Eric Balchunas on X: "April showers brings May flowers is true for ETF flows, after a dreary Spring, a torrent of cash has been flowing into risk-on ETFs faves like $SPY $HYG, $QQQ, $IWF and even rare cameo from $EEM! The bitcoin ETFs (which I consider risk-on) also experiencing a legit 'third wind' https://t.co/sNdWkvZ779" / X https://x.com/EricBalchunas/status/1793609328827740309
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Willy Woo on X: "While everyone was freaking out that #Bitcoin price was not rising the last 2 months, available BTC was quietly being scooped up, and importantly without paper BTC printed in its place. Last time I'll say it... It's only a matter of time before BTC squeezes past all-time-highs. https://t.co/HoPSSJfHqz" / X https://x.com/woonomic/status/1793207316281782637
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Willy Woo (@woonomic) on X

While everyone was freaking out that #Bitcoin price was not rising the last 2 months, available BTC was quietly being scooped up, and importantly without paper BTC printed in its place. Last time I'll say it... It's only a matter of time before BTC squeezes past all-time-highs.

matthew sigel, recovering CFA on X: "$COIN COO says PANIC at the White House: "The tone from the SEC has just changed literally overnight...The administration sensing some panic" at JPM TMT conference: https://t.co/0Wp40hj0x9" / X https://x.com/matthew_sigel/status/1792996352437137642
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Ethereum ETF issuers given deadlines up to this morning for final 19b-4 forms but trading not expected for weeks: Sources

While a decision on the 19b-4 forms is expected later today, it’s likely trading will not start for a while.

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BlackRock surpasses Grayscale in Bitcoin AUM β€” link
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SEC Chair Gary Gensler denounces crypto market bill ahead of House vote

Gensler said the proposed act would exempt blockchain and crypto from the realm of securities, which would undermine investor protection.

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db (@tier10k) on X

SEC ASKS EXCHANGES TO UPDATE 19B-4 FILINGS ON AN ACCELERATED BASIS FOR SPOT ETHER ETFS: COINDESK Source: DB | Coins: ETH

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Eric Balchunas (@EricBalchunas) on X

Update: @JSeyff and I are increasing our odds of spot Ether ETF approval to 75% (up from 25%), hearing chatter this afternoon that SEC could be doing a 180 on this (increasingly political issue), so now everyone scrambling (like us everyone else assumed they'd be denied). See

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The Block (@TheBlock__) on X

Sei Foundation proposes version 2 network upgrade to bring EVM compatibility

https://t.co/qWPgaKTbfC