Ethereum is a decentralized platform that can be used for currency and various applications. Ether (ETH) is the platform’s primary currency.
One of Ethereum’s most prominent features is its capability to support smart contracts. The platform was created by Canadian developer of Russian origin, Vitalik Buterin, and a few other co-founders when it was just 20 years old. Launched on July 30, 2015, Ethereum’s digital currency, Ether, ranks second in terms of market value, with a market capitalization of $24 billion as of February 10, 2020, following Bitcoin.
For the latest information, news, and evaluations about Ethereum, visit uzmancoin.com!
Ethereum is a decentralized platform that can be used for currency and various applications. Ether (ETH) is the platform’s primary currency.
One of Ethereum’s most prominent features is its capability to support smart contracts. The platform was created by Canadian developer of Russian origin, Vitalik Buterin, and a few other co-founders when it was just 20 years old. Launched on July 30, 2015, Ethereum’s digital currency, Ether, ranks second in terms of market value, with a market capitalization of $24 billion as of February 10, 2020, following Bitcoin.
For the latest information, news, and evaluations about Ethereum, visit uzmancoin.com!
It was stated that hours before the Ether spot ETF decision, the SEC contacted the companies applying for S-1 documents. An executive of the filing companies said, “With the last minute policy change, the SEC was also caught off guard, caught off guard. So to put it simply, we are starting now,” he said.
VanEck, a US-based asset management firm, believes that the SEC’s collective decision-making mechanism is unfair. Company executive Matthew Sigel said in a statement, “We are the first to apply. It made sense before. It should again… We waited longer and our costs were higher than others.”
WisdomTree, the asset management company that also offers a Bitcoin spot ETF product in the US, has received approval from the FCA for its Physical Bitcoin (BTCW) and Physical Ethereum (ETHW) ETPs. The products, which are expected to be listed on the London Stock Exchange on May 28, will only be open to professional investors.
While the SEC made a major U-turn on Ether spot ETFs, it was stated that two firms would not apply for this fund due to the negative view of the institution on the staking feature.
The VanEck spot Ether ETF, which the SEC will either approve or disapprove tomorrow, has been listed on the DTCC (Depository Trust & Clearing Corporation). This usually means that the fund is ready for trading.
The US Securities and Exchange Commission (SEC) has requested Nasdaq and CBOE exchanges to prepare Ether spot ETF files by making the necessary changes. In this news of Reuters, it was also stated that the SEC is preparing to approve Ether spot ETFs.
Recently, cryptocurrency markets have experienced great activity in the evening hours. Bitcoin exceeded the 70 thousand dollar level again after a long time. Serious increases were also observed in many cryptocurrencies, especially Ethereum. So, why are coins rising? Why are coins rising? In a critical
Standard Chartered analysts, who have previously made many positive analysis and price forecasts for Bitcoin and Ether, stated that if Ether ETFs are accepted, they expect an investment of between $15 and $45 billion in the first year. Analysts also estimated the price at $8,000.
Fidelity, one of the companies applying for an Ether ETF, made changes to its fund pending approval. The company officially notified the SEC that Ether staking was removed from the fund.
Jake Chervinsky, who is well known in the crypto industry and has worked for a number of companies in the space, said the approval of Ether spot ETFs by the SEC will be a “real shock” for those following the process in Washington. Chervinsky also noted that the passage of legislation to change the regulation known as SAB121 is actually a more important development than Ether ETFs.