Ethereum | ForkLog

ForkLog 16 27.05.2024

Ethereum Price Could Reach $4500, Predicts Expert

The price of Ethereum may rise to $4500 even before the launch of spot ETFs based on the cryptocurrency, according to Arthur Cheong, founder and CEO of DeFiance Capital. 4.5k before spot ETF go live for trading imo. — Arthur (@Arthur_0x) May 26, 2024 On May 23, the U.S. Securities and Exchange Commission (SEC) approved […]

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ForkLog 9 27.05.2024

Ethereum’s Pectra Update Scheduled for Early 2025

During a teleconference, Ethereum’s execution layer developers decided that the Pectra update will be released by the first quarter of 2025. This is the next major network upgrade following Dencun, which was implemented in March. The update will include proposals to improve the format of Ethereum Virtual Machine objects. It is also expected to deploy […]

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ForkLog 12 26.05.2024

Michael Saylor Highlights Ethereum-ETF’s Advantage for Bitcoin

Michael Saylor described the ETH-ETF as “another line of defense for Bitcoin” and noted “accelerated institutional adoption” thanks to the instrument. Bloomberg analysts predicted demand for ETH-ETF at 15-25% of exchange-traded funds based on the first cryptocurrency. Experts from TD Cowen suggested the emergence of an ETF on a “basket of crypto tokens” within a […]

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ForkLog 7 25.05.2024

JPMorgan: Approval of ETH-ETF Seen as Political Move Ahead of US Elections

JPMorgan analysts have described the SEC’s approval of spot Ethereum-ETFs as a political decision in the lead-up to the US presidential elections. This was reported by The Block. “We view this ETF approval and cryptocurrency in a broader sense as an increasingly political issue ahead of the US presidential elections in 2024. Therefore, we expect […]

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ForkLog 5 24.05.2024

Ethereum Dips Below $3700 Following ETF Approval: Analysts Weigh In

Following the approval by the SEC of Form 19b-4 applications for launching spot Ethereum ETFs, the underlying asset fell by 7.5%—from $3950 to $3650. 15-minute ETH/USDT chart on Binance. Data: TradingView. Briefly, the cryptocurrency dipped below $3500. At the time of writing, ETH had recovered to $3710. Julio Moreno, Head of Research at CryptoQuant, noted […]

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ForkLog 8 24.05.2024

SEC Approves Spot Ethereum ETFs: Key Developments

On May 23, the U.S. Securities and Exchange Commission (SEC) approved 19b-4 applications from issuers of spot exchange-traded funds based on Ethereum. The companies receiving approval include VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK Invest/21Shares, Invesco/Galaxy, and Bitwise. However, the regulator did not grant permission for Hashdex, whose application deadline expires on May 30. Trading […]

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ForkLog 12 23.05.2024

Ethereum Surpasses $3900 Amid New ETF Developments

The U.S. Securities and Exchange Commission (SEC) has commenced discussions on the S-1 form in applications for the registration of spot Ethereum ETFs, according to The Block, citing sources. “Essentially, everything is just beginning. It feels like the [Division of Investment Management] was somewhat caught off guard by the change in sentiment,” said a representative […]

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ForkLog 11 22.05.2024

Bernstein Analysts Predict Ethereum Surge to $6600 with ETF Approval

Approval by the SEC of spot exchange-traded funds based on Ethereum could lead to a 75% increase in the asset’s price, reaching $6600. This view was expressed by Bernstein analysts Gautam Chhugani and Mahika Sapra, as reported by DL News. According to their assessment, the approval of spot Bitcoin ETFs in January resulted in a […]

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ForkLog 14 22.05.2024

Matrixport Co-Founder Suggests Solana as Next ETF Candidate

Should spot Ethereum ETFs receive approval, Solana (SOL) could be the next contender for launching exchange-traded funds, according to Matrixport co-founder Daniel Yan. What’s the trade, if ETH ETF really get approved in two days? The popular trade would be “BUY ETH”. Can’t really argue with that but do note that ETH is almost +20% […]

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ForkLog 8 22.05.2024

SEC’s Leaning Towards Approval of Spot Ethereum ETFs Sparks Market Buzz

Insiders report SEC’s “leaning” towards approving ETH-ETFs. Ethereum co-founder Joe Lubin predicts a supply crunch post-ETF launch. Some experts see political undertones in the regulator’s actions. Officials from the U.S. Securities and Exchange Commission (SEC) have informed trading platforms that the agency is “leaning” towards approving spot Ethereum-ETFs. This was reported by Barron’s, citing anonymous […]

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ForkLog 14 21.05.2024

Fidelity Drops Staking from Ethereum ETF Application Amid Regulatory Developments

Fidelity has removed the staking feature from its spot Ethereum ETF application. The SEC has requested Nasdaq and CBOE to update listing forms for the instruments. Standard Chartered analysts anticipate product approval as early as this week. Fidelity has omitted the staking provision in its updated S-1 form for a spot Ethereum ETF. Previous documents […]

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ForkLog 7 21.05.2024

Ethereum Developer Joins EigenLayer as Advisor

Ethereum Foundation researcher Dankrad Feist has announced that he has “recently” become an advisor to EigenLayer, joining his colleague Justin Drake under similar terms. Together with Justin Drake, I have recently decided to become an advisor to Eigenlayer, on the same conditions — I am taking this position personally, not representing the Ethereum Foundation, and […]

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