Balita sa Industriya ng Crypto at Market Trends

Fidelity Follows BlackRock’s Lead, Files For Spot Ethereum ETF

Fidelity has decided to join rival BlackRock and double down on crypto, filing for a spot Ethereum exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC).　　Fidelity and BlackRock are also locked in a race for a spot Bitcoin ETF, something that could change crypto investing in the United States permanently.　　Fidelity Files For Spot Ethereum ETF　　Fidelity has become the latest financial giant to file for a spot Ethereum exchange-traded fund, according to a filing with the Securities and Exchange Commission on the 17th of November. The filing, submitted by Cboe BZX, described a proposed rule change that would allow it to list and trade shares of Fidelity‘s planned ETF. The proposal closely resembles Fidelity’s spot Bitcoin ETF proposal, submitted to the Securities and Exchange Commission in June.　　The Fidelity Ethereum Fund would be listed by an exchange owned by Cboe Global Markets. However, the United States Securities and Exchange Commission must decide whether to approve the Ethereum ETF. It still needs to approve other applications, such as the one from asset manager BlackRock, revealed earlier this month. BlackRock had submitted an S-1 filing for its spot Ethereum ETF just a couple of days ago, on the 15th of November, while applying

2023-11-18Ethereum

Ethereum Classic (ETC) Has Broken Above a Key Resistance Zone, Whats Next?

In recent market developments, Ethereum Classic (ETC) has showcased pronounced volatility, capturing the attention of cryptocurrency investors and analysts alike. Over the previous week, Ethereum Classic (ETC) experienced a notable upswing in its value, registering a 4.0% increase as its price escalated from $19.07 to a peak of $20.04. Despite this upward trend, the cryptocurrency witnessed a temporary retraction, dipping to $20.39 by Friday afternoon.　　The volatility of Ethereum Classic is not occurring in isolation but is part of a larger narrative unfolding within the crypto industry. Analysts point to the growing anticipation surrounding the potential approval of a Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC) as a key factor influencing market movements.　　The impact of these market dynamics on Ethereum Classic (ETC) is particularly significant. The approval of a Bitcoin ETF is widely expected to enhance liquidity and deepen market participation, yet it also introduces the possibility of amplified volatility. Larger capital inflows, driven by institutional investments, may lead to more pronounced price movements, as even minor trading activities could have magnified effects on the market.　　For Ethereum Classic (ETC), this period represents a crucial juncture. It highlights the delicate balance between regulatory developments, investor sentiment, and market dynamics.

2023-11-18Ethereum

Fidelity files for spot Ethereum ETF, trailing BlackRock’s lead by two days

Fidelity Investments has filed for a spot Ethereum exchange-traded fund (ETF), as seen in a filing with the Securities and Exchange Commission (SEC) on Nov. 17.　　Cboe BZX submitted a 19b-4 filing describing a proposed rule change that would allow it to list and trade shares of Fidelity‘s planned fund. The new Ethereum proposal closely resembles Fidelity’s spot Bitcoin ETF proposal, submitted to the SEC in late June.　　Both Fidelity filings follow similar applications from the companys main competitor, BlackRock. BlackRock submitted an S-1 filing for its spot Ethereum ETF just days ago, on Nov. 15, and applied for its spot Bitcoin ETF months earlier in June.　　The close timing between the competing filings may be explained by each asset managers exceptionally high standing. BlackRock is the largest asset manager in the world, with $9 trillion in assets under management. Fidelity, on the other hand, is the third largest asset manager in the world, with $4.2 trillion in assets under management.　　Other firms have pending applications　　Several other asset managers have also applied for their own spot Bitcoin ETFs and spot Ethereum ETFs following the above high-profile filings.　　The SEC is expected to approve or reject a Bitcoin ETF by Jan. 10, 2024. That decision concerns

2023-11-18Ethereum

Tumalon si Fidelity sakay ng spot na tren ng ETH ETF

Naghain ang Fidelity ng 19b-4 na aplikasyon sa Securities and Exchange Commission noong huling bahagi ng Biyernes para sa isang ethereum ETF.　　Ayon sa paghaharap, pinalitan ng iminungkahing tuntunin ang pangalan ng pondo bilang Fidelity Ethereum Fund. Ang 19b-4 ay isinampa sa CBOE.　　Ang 19b-4 ay isang form ng pagbabago ng panuntunan na kinakailangan ng SEC.　　“Ang layunin ng pamumuhunan ng Trust ay upang hangarin na subaybayan ang pagganap ng ETH, na sinusukat sa pagganap ng Fidelity Ethereum Index...Sa pagnanais na makamit ang layunin ng pamumuhunan nito, ang Trust ay hahawak ng ETH,” sabi ng paghaharap.　　Ang iminungkahing pondo ng ETH ng Fidelity ay dumating isang linggo pagkatapos maghain din ang BlackRock ng 19b-4 para sa isang ether ETF. Simula noon, nagsumite ang BlackRock ng S-1 sa SEC, na nagbibigay daan para sa Komisyon na gumawa ng desisyon sa pondo. Ang pondo ng BlackRock ay ililista sa Nasdaq.　　Ang Fidelity ay tumatakbo din para sa isang spot bitcoin ETF, na muling tumaas ang bid nito para sa pondong iyon noong Hunyo. Ang SEC ay hindi pa nakakagawa ng desisyon kung ito ay mag-i-greenlight ng anumang spot bitcoin ETF, na kamakailan ay naantala ang ilan sa mga deadline ng Nobyembre, kabilang ang Franklin Templeton, Hashdex at

2023-11-18Ethereum

ETH Soars as BlackRock Files for Ethereum Spot ETF with SEC

Larawan ng pabalat sa pamamagitan ng www.freepik.com　　Disclaimer: Ang mga opinyon na ipinahayag ng aming mga manunulat ay kanilang sarili at hindi kumakatawan sa mga pananaw ng U.Today. Ang impormasyon sa pananalapi at merkado na ibinigay sa U.Today ay inilaan para sa mga layuning pang-impormasyon lamang. Ang U.Today ay hindi mananagot para sa anumang pagkalugi sa pananalapi na natamo habang nangangalakal ng mga cryptocurrencies. Magsagawa ng iyong sariling pananaliksik sa pamamagitan ng pakikipag-ugnayan sa mga eksperto sa pananalapi bago gumawa ng anumang mga desisyon sa pamumuhunan. Naniniwala kami na ang lahat ng nilalaman ay tumpak sa petsa ng paglalathala, ngunit maaaring hindi na available ang ilang partikular na alok na binanggit.　　Chinese crypto blogger and journalist Colin Wu tweeted that the fund management giant BlackRock, with trillions of USD in assets under management, has submitted an application to the U.S. regulator SEC to launch a spot Ethereum exchange-traded fund.　　The company made an S-1 filing on Nov. 15. Before that, a week ago, BlackRock filed the same application to the SEC through the Nasdaq exchange. Back then, the second largest cryptocurrency, ETH, responded by soaring above the $2,100 high.　　BlackRock submitted an S-1 application for its spot Ethereum ETF to the SEC on November

2023-11-18Ethereum

Ethereum Tests Crucial Support But Won’t Drop Below $1,850: Here’s Why To Be Bullish On ETH Price

In recent hours, the market has experienced significant liquidations. Bitcoin‘s price touched the $38K resistance mark only to trigger sellers to open short positions. Consequently, the price of Bitcoin nearly dropped by $1,000, while Ethereum’s price lost its momentum above $2,000, now hovering around a critical support level. Despite this, Ethereum is showing signs of a comeback. On-chain metrics indicate an increasing accumulation, which is acting as a buffer against any decline.　　ETHBTC Touches 1-Week Low　　The latest data from Coinglass indicates significant market movements. In the past 24 hours, there was a liquidation event as Ethereum (ETH) struggled to maintain its value above $2,000. This downturn led to the liquidation of long positions worth approximately $37.5 million, strengthening the resistance level as the price did not meet buyers expectations.　　Further insights from TradingView show that the ETH/BTC pair has reached its lowest point of the week, trading at 0.053. This trend points to an increase in selling activities in the market. Additionally, there appears to be a decreased interest from major investors, or “whales,” as Ethereums price could not surpass the $2,100 threshold. Data from IntoTheBlock reveals a decline in whale transactions, dropping from a high of $6.6 billion to around $4

2023-11-18Ethereum

Sinabi ng SEC Gensler na hindi kami maghuhusga

Tech　　Sinabi ng SEC Gensler na hindi kami maghuhusga　　Balita ng Ethereum ng Bitcoin　　Talaan ng nilalaman　　Gary Gensler, chairman of the Securities and Exchange Commission (SEC) was forthright in a speech, saying that the SEC is not a prosecutor of honest business, and neither will it prejudge.　　Gensler quotes from the past　　Chair Gensler was addressing the 2023 Securities Enforcement Forum on Thursday, and he held up some of the SEC chairmen from past times, and what they said, as where he himself got some of his inspiration from.　　As Joseph P. Kennedy, the first @SECGov Chair, once said: “We are not prosecutors of honest business, nor defenders of crookedness. We are partners of honest business & prosecutors of dishonesty. We shall not prejudge, but we shall investigate.”　　Check out my recent remarks: pic.twitter.com/QM2zqj8PQs　　- Gary Gensler (@GaryGensler) Nobyembre 16, 2023　　Joe Kennedy was mentioned in his speech as someone who particularly inspired him, who said the following:　　Gensler might have been taking a dig against certain crypto companies with these words. Gensler went on to quote some more lines by Kennedy which he made a few months later. He said:　　The Gensler tenure　　Gensler would probably really like those in the audience and those who saw this particular speech clip to

2023-11-18Industriya

SEC delays decision on Hashdex ETH ETF rule change

The US Securities and Exchange Commission has delayed a decision on Hashdexs proposed ethereum ETF rule change.　　The move, confirmed by a filing dated Nov. 15, comes just days after the regulator similarly delayed Hashdexs bitcoin ETF proposal.　　If the SEC were to approve the rule change, the ETF would hold future and spot ether contracts.　　According to the SECs filing, the Commission now has until Jan. 1, 2024 to make a decision or “institute proceedings to determine whether to disapprove the proposed rule change.”　　The delay is one of the handful expected this week, including SEC decisions on the Franklin Templeton proposed spot bitcoin ETF. The SEC also postponed a decision on Grayscale proposed ethereum ETF rule change on Nov. 15.　　The Grayscale delay, as noted by Bloomberg analyst James Seyffart, was not “remotely surprising.”　　This isnt the first round of SEC delays on recent bitcoin or ether spot ETF applications, either. Back in late September, the agency delayed the BlackRock and Valkyrie spot bitcoin ETF decisions.　　Throughout the years, the SEC has issued over 30 rejections to a number of filers including the Winklevoss twins. The spot bitcoin race really began heating up in July of this year after BlackRock — the worlds largest asset

2023-11-18Ethereum

Spot Ethereum ETF Proposal Naantala ng SEC

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the Hashdex Nasdaq Ethereum ETF application until 2024.　　The delay follows closely on the heels of another recent postponement. As reported by U.Today, the SEC has also deferred Hashdexs Bitcoin ETF conversion attempt.　　The race for a spot Ethereum ETF 　　Surprisingly, there is a notable race to launch a spot Ethereum ETF. BlackRock, the top manager, has recently entered the fray by officially filing for a spot Ethereum ETF with the formidable regulator.　　The product, which is aimed at mirroring the performance of Ether‘s price, comes after BlackRock’s June filing for a spot Bitcoin ETF.　　This development indicates that investment behemoths of the likes of BlackRock are becoming increasingly comfortable with the second-largest cryptocurrency despite its murky regulatory status.　　In various instances, SEC Chair Gensler has refrained from categorically stating whether Ether is considered a security under U.S. law.　　For instance, during an April congressional hearing, Gensler did not give a direct answer when questioned about Ether‘s status as a security. In earlier statements, Gensler had suggested that Ether might be considered a security, especially following Ethereum’s transition to a proof-of-stake consensus mechanism　　Expectations for SEC approval in 2024 　　James Seyffart, an analyst with Bloomberg

2023-11-18Ethereum

Blackrock Files for Ethereum ETF: Heres What We Know

Asset management giant BlackRock made waves this week by filing for regulatory approval of a spot Ethereum exchange-traded fund (ETF). The proposed ETF, titled iShares Ethereum Trust, aims to give investors direct exposure to ether, the native cryptocurrency of the Ethereum blockchain.　　Pangunahing puntos　　BlackRock has filed for a spot Ethereum ETF with the SEC, seeking to provide direct exposure to ether. This comes after it filed for a spot bitcoin ETF in June.　　The Ethereum ETF will be called the iShares Ethereum Trust and listed on Nasdaq if approved. The bitcoin ETF is called iShares Bitcoin Trust.　　Coinbase Custody will hold the Ethereum ETF‘s ether, similar to BlackRock’s proposed bitcoin ETF.　　BlackRock joining the crypto ETF race shows growing institutional interest in direct cryptocurrency exposure.　　The crypto industry hopes BlackRocks Ethereum ETF filing could improve chances of regulatory approval after a court ruled the SEC was wrong to reject a spot bitcoin ETF.　　The filing with the Securities and Exchange Commission (SEC) comes just months after BlackRock sought approval for a spot bitcoin ETF called iShares Bitcoin Trust. Both filings represent a major bet on crypto by the worlds largest asset manager.　　BlackRocks push into crypto ETFs signals growing confidence that the SEC will finally approve such

2023-11-17Ethereum

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