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ETH price finally polevaulted the $2,000 resistance, but will retail demand and network use support the current bullish momentum? Ether (ETH) experienced a surprising 8% rally on Nov. 9, breaking the $2,000 barrier and achieving its highest price level in six months. This surge, triggered by news of BlackRock registering the iShares Ethereum Trust in Delaware, resulted in $48 million worth of liquidations in ETH short futures. The initial announcement was made by @SummersThings on a social network, later confirmed by Bloomberg ETF analysts. The iShares Ethereum Trust has just been registered in Delaware. For context, BlackRock's iShares Bitcoin Trust was registered in a similar manner 7 days before they filed the ETF application with the SEC. Details below. [announcement: I’m moving to @SynopticCom soon] pic.twitter.com/IYafIaxMzA — Summers (@SummersThings) November 9, 2023 The news fueled optimistic expectations regarding a potential Ether spot ETF filing by BlackRock, a $9 t...

An imminent U.S. government shutdown appears to be expediting the launch of Ether futures ETF s, a notion posited by market analyst s. In the United States, it’s plausible that trading in Ether futures exchange-traded funds ( ETF s) could commence as early as the upcoming week. Insights from Bloomberg analyst s suggest this possibility. On the 28th of September, James Seyffart, an analyst with Bloomberg Intelligence, made a noteworthy observation in a post, stating that it seems highly probable that the SEC (Securities and Exchange Commission) will greenlight a multitude of Ethereum futures ETF s in the coming week. This commentary was prompted by remarks from fellow ETF analyst Eric Balchunas, who alluded to indications that the U.S. Securities and Exchange Commission is keen on “expediting the launch of Ether futures ETF s.” Balchunas further noted that he had received information indicating that various filers were diligently updating their documents, with...

Bloomberg Analyst On Spot Bitcoin ETF Approval by US SEC Bloomberg Intelligence ETF analyst James Seyffart in an interview with Paul Barron Network reflected on Bitcoin ETF s status, BlackRock spot Bitcoin ETF , odds of approval by the US SEC, the impact Judge Torres’ ruling in US SEC v. Ripple Labs , political pressure, and crypto regulations. advertisement He said there are currently many BTC ETF filings with the SEC, with BlackRock filing making the most noise as traditional financial firms make another stride into the crypto market. While Ark Invest and 21Shares’ spot Bitcoin ETF application is first in line, BlackRock looks to capitalize first with a sudden move. “We are officially at 50-50 odds. The SEC had a list of things they needed to have happen before they approve a Bitcoin ETF and issuers have knocked those things off the list. The SEC wanted a surveillance sharing agreement with a regulated market of significant size that has bee...