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ETH Spot ETF Approval Nears Finalization, BlackRock Files Listing Filing for ETH Spot ETF

"Ethereum (ETH) spot ETF issuers and the U.S. Securities and Exchange Commission (SEC) are addressing issues with each amendment and are close to finalizing (approval)," Bitwise Chief Compliance Officer Katherine Dowling told Bloomberg. "While it is good to see the SEC engaging with new crypto products, it will take time for other crypto spot ETFs without futures markets to come to market," he added, referring to VanEck's application for approval of the Solana (SOL) spot ETF. Meanwhile, Bitwise filed an amendment to its S-1 registration statement for an ETH spot ETF on April 4.

Meanwhile, BlackRock, one of the world's largest asset managers and issuers of BTC spot ETFs, filed a registration statement (8-A12B) for an ETH spot ETF with the U.S. Securities and Exchange Commission (SEC) on July 9th (local time). BlackRock had previously filed an amendment to its S-1 registration statement (S-1) for the ETH spot ETF with the SEC on June 22nd. The 8-A12B filing is said to be a potential approval of the spot ETF.

“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.

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