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SEC approves rule changes for ethereum ETFs, boosting crypto

Financial Times — May 24, 2024, 01:00 AM UTC

Summary: The US SEC approved rule changes for potential launch of 8 ether ETFs by BlackRock, Fidelity, Invesco, and Ark Invest. Ether's price surged over 20% since Monday and 60% year-to-date. SEC's shift follows months of silence, with approvals sparking optimism. Bitwise Asset Management's Katherine Dowling expressed surprise at the approval. SEC Chair Gensler cited fraud concerns in crypto industry. Approval for the ETFs' launch is pending.

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Timeline:

  1. [4.7]
    SEC approves VanEck's Ethereum ETF, signaling crypto market shift (CNBC)
    107d 2h
    Source
  2. [3.1]
    Ether up 27% in May after SEC approves spot ETFs (CNBC)
    107d 20h
    Source
  3. [4.5]
    SEC approval of Ethereum ETFs is a game-changer (Decrypt)
    113d 3h
    Source
  4. [3.0]
    SEC approves Ethereum ETF listing, Bitcoin ETFs see inflows (AMBCrypto News)
    113d 16h
    Source
  5. [2.7]
    Ethereum and Bitcoin ETF approvals differed due to internal dynamics (AMBCrypto News)
    114d 3h
    Source
  6. [1.9]
    ETH price drops after SEC approves ETFs, supply surges (AMBCrypto News)
    114d 5h
    Source
  7. [1.9]
    Solana memecoins drop despite anticipation of ETF approval (AMBCrypto News)
    115d 0h
    Source
  8. [4.2]
    JMP predicts Coinbase to benefit from U.S. ether ETF approval (CNBC)
    116d 23h
    Source
  9. [3.7]
    Ethereum ETF launch may be delayed, approval expected (AMBCrypto News)
    117d 5h
    Source
  10. [1.0]
    Ethereum price stable, potential 45% increase after pattern break (AMBCrypto News)
    119d 1h
    Source
  11. [1.1]
    Ethereum whale accumulates 15K ETH, price increase expected (AMBCrypto News)
    119d 5h
    Source
  12. [2.2]
    Ethereum's transaction size drops 54%, positive outlook for ETH (AMBCrypto News)
    120d 4h
    Source
  13. [2.5]
    Coinbase predicts Ethereum ETF approval, market cautious but hopeful (AMBCrypto News)
    120d 15h
    Source
  14. [2.3]
    Ethereum ETF progress, Solana competition, ETH price rises (AMBCrypto News)
    120d 22h
    Source
  15. [4.7]
    Crypto fraud, regulation issues may delay ether ETF approval (CNBC)
    121d 1h
    Source
  16. [2.4]
    Solana's potential to lead altcoin season in summer 2024 (AMBCrypto News)
    122d 7h
    Source
  17. [2.6]
    Slim chance of Ethereum ETF approval due to security concerns (AMBCrypto News)
    123d 23h
    Source