news

ETH Spot ETF Launch Date Expected by Experts to be July 18, as Applicants Complete S-1 Resubmission

Eric Balchunas, Bloomberg ETF analyst, said: "There is no known timeline for the launch of an Ethereum spot ETF. We still don't know what the SEC's game plan is. However, if I had to predict a date, it would be July 18th (local time)." When asked why the ETH spot ETF S-1 amendments filed by issuers did not include fee-related information, he replied, "The SEC requested that S-1 amendments be filed by July 8, but the fee disclosure was not required."

Meanwhile, Fidelity has filed an amended S-1 registration statement for an ETH spot ETF with the U.S. Securities and Exchange Commission (SEC), according to WatchGuru. The SEC had previously rejected the S-1 form of the ETH spot ETF applicants and asked them to resubmit it. Now, all ETH spot ETF applicants - Fidelity, VanEck, Franklin Templeton, 21Shares, Grayscale, and BlackRock - have filed amendments to their S-1s. The deadline for resubmissions was July 8th (local time).

“Zhao Changpeng's release from prison could boost BNB and 5 other altcoins”

With former Binance CEO Changpeng Zhao set to be released from prison on September 29th (local time), BeInCrypto reports that five altcoins are likely to see an uptick in value. BNB is one of the most prominent coins expected to see price movement following Zhao's release from prison.

blockchain crypto cryptocurrency French Hill blame Gary Gensler (SpotedCrypto)

French Hill : “SEC's approach to regulating crypto firms will only confuse markets”

During a hearing on the Securities and Exchange Commission (SEC) held by the U.S. House of Representatives' Financial Services Committee on March 18 (local time), Congressman French Hill criticized SEC Chairman Gary Gensler's approach to regulating cryptocurrency companies, saying that it is causing confusion and uncertainty

blockchain crypto cryptocurrency us fed ratecut 50bp (SpotedCrypto)

US Fed 'big cuts' interest rates by 0.5 percentage point to bring inflation closer to target, considers another 50 basis point cut later in the year.

The US Federal Reserve's (Fed) Federal Open Market Committee (FOMC) announced in an official statement that it will cut its benchmark interest rate by 0.5%. This is the first rate cut in nearly four years. The Fed raised rates from March 2022 through July of last year.

Read next