CryptoNow
  • Home
  • Market
  • Technology
  • Business
  • Blockchain
  • Regulation
  • Reviews
No Result
View All Result
CryptoNow
  • Home
  • Market
  • Technology
  • Business
  • Blockchain
  • Regulation
  • Reviews
No Result
View All Result
CryptoNow
No Result
View All Result

Ether Jumps 10% to $3.4K

May 21, 2024
in Market, News
A A
ETH / cryptonow.tech

ETH / cryptonow.tech

Dalintis FacebookDalintisShare on Twitter

Already modestly higher during U.S. trading hours Monday, the price of ether (ETH) jumped more than 10% after two well-followed Bloomberg ETF analysts greatly upped their odds of the U.S. Securities and Exchange Commission approving spot ETH ETFs.

“James Seyffart and I are increasing our odds of spot Ether ETF approval to 75% (up from 25%), hearing chatter this afternoon that SEC could be doing a 180 on this (increasingly political issue), so now everyone scrambling (like us everyone else assumed they’d be denied),” tweeted Bloomberg Senior ETF Analyst Eric Balchunas.

The SEC this week faces a number of final deadlines on the spot ETF approvals/denials after having delayed decisions on the funds a number of times.

Bitcoin (BTC) is adding to gains alongside ETH’s advance, now higher by more than 5% and just shy of the $70,000 mark. Also on the move is the Grayscale Ethereum Trust (ETHE), a closed-end fund that Grayscale has proposed converting into a spot ETF. It’s recently been trading at more than a 20% discount to net asset value as investors bet against SEC approval, but is now higher by more than 23% on Monday.

Source: Bloomberg
Tags: ETFETH

Related

Bitcoin Plunge: Could BTC Dip Under $100K?

June 7, 2025

On June 5, Bitcoin (BTC) saw a sharp decline, dropping to $100,000 following the fallout between Elon Musk and Donald...

Shiba Inu Price Climbs 4% Amid Surging Transaction Volumes

June 7, 2025

Shiba Inu (SHIB) is seeing gains on June 7 as weekend volatility gives bulls an advantage. The ongoing rally could...

Pi Network Price Surge: Is a Big Jump Ahead of Pi Day?

June 7, 2025

The Pi Network price has been showing signs of potential growth ahead of Pi Day, which falls on June 28....

Crypto Confidence Soars as Circle Makes Historic Wall Street Entrance

June 6, 2025

Stablecoin issuer Circle Internet made a sensational entrance on the New York Stock Exchange Thursday, with its shares more than...

Solo Bitcoin Miner Successfully Mines Block 899,826, Securing $330K in Rewards

June 5, 2025

A solo Bitcoin miner pulled off an incredible feat by successfully mining block #899,826, earning a reward of approximately $330,386....

News

Reviews

What is Cryptocurrency? A straightforward explanation

May 11, 2025
Blockchain

Looking to invest in Cryptocurrency? Here is a Step-by-Step Approach

May 24, 2025
Coins

Pi Network Under Fire

May 22, 2025
AI

What is llms.txt?

May 27, 2025
Asset 1CryptoNow
Categories
  • AI
  • Blockchain
  • Business
  • Coins
  • Finance
  • Interesting
  • Market
  • Mining
  • News
  • Regulation
  • Reviews
  • Technology
Tags
AI Altcoin Android Binance Binance Coin Bitcoin blockchain BTC Chainlink ChatGPT Circle Coinbase Coindesk CoinGecko crypto Cryptocurrency Crypto exchange DOGE Dogecoin ETF ETH Ethereum Halving Hash rate Meta Mining Mobile news OpenAI pi coin pi network reviews RIOT Ripple Samsung SHIB Shiba Shiba Inu SOL Solana Stablecoin technology Telegram USA XRP
  • Newsletter
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Market
  • Coins
  • News
  • Mining
  • Technology
  • Blockchain

CryptoNow.