ETH

Ether prices were unmoved Tuesday as spot Ethereum ETFs saw trading volumes surpass $1 billion, but most crypto users still believe the funds will have their time to shine as more investors find interest in the new ETFs.

Spot Ethereum ETFs will officially go live Tuesday morning, and while the community celebrates the significant milestone for the world's second-largest cryptocurrency by market value, experts are laying out their expectations.

Less than a week before the expected launch of spot Ethereum ETFs, the management fee and waiver offering wars are on – Grayscale, whose Bitcoin ETF was unpopular among retailers due to high fees, appears to have learned a lesson or two from BlackRock.

Spot Ethereum ETFs are expected to go live during the week of the Bitcoin 2024 conference, marking an ironic twist of events in Ether's road to reaching the same level of success as Bitcoin.

Hashtag Ethereum was a trending topic on X late Monday through early Tuesday after applicants for a spot Ether ETF submitted amended S-1 filings to the SEC, and the crypto community is looking forward to a massive bull run by altcoins once the ETH ETFs are fully approved.

The SEC supposedly provided a new round of comments that "took zero time" for applicants to update, but what is taking the regulator longer than initially expected to fully approve spot ETH ETFs for trading?

The Ethereum ecosystem has been thriving even at Bitcoin's shadow, but in the first half of the year, it suffered security incidents that resulted in hundreds of millions in losses.

The Ethereum community initially expected spot Ether ETFs to go live sometime this week following good signs in the process in recent weeks, but there has been some delay, and the holiday week is expected to push back the full approval further.

VanEck is setting a high bar for the spot Ethereum ETF circle as it revealed in a new filing that it will initially waive management fees when its ETF launches, providing an attractive offering to investors seeking profits from the much-awaited ETFs.

The SEC has decided not to pursue its investigation into Ethereum, according to Consensys, but the regulator said it doesn't mean the blockchain has been "exonerated."

Applying issuers for a spot ETH ETF have reportedly started working on the "reasonable" comments provided by the SEC regarding their S-1 filings, signaling positive progress in the approval of the much-anticipated funds.

SEC chief Gensler on Thursday told senators that he believes spot ETH ETFs will be approved for trading sometime this summer, but he once again dodged questions about Ether's status as a commodity or a security.

ProShares, whose Ethereum Futures ETF was among nine approved by the SEC in October, has filed for a spot Ether ETF, but with such a "late" filing, it is unclear whether the fund will launch alongside other funds that had their 19b-4 filings cleared.

Spot Ether ETFs may have a long way toward S-1 approval, at least based on SEC Chair Gensler's latest remarks that it will all fall on whether applicants are "responsive" or not.

VanEck, an applicant for spot Ether ETFs, has set a price target of $22,000 for ETH by 2030, calling the Ethereum blockchain's native token a form of "Digital Oil."

Spot Ethereum ETFs are one step closer toward reaching the same stage Bitcoin ETFs have been taking up since January, and unlike other experts who aren't too optimistic about how the funds will perform, K33 analysts believe ETH ETFs will do great when they start trading.

JPMorgan isn't as positive as the Ethereum community that demand for spot ETH ETFs will be huge. Analysts at the investment banking giant believe the removal of staking from the filings of applicants is a disadvantage.

The surprising turn of events last week when the SEC approved exchanges' filings for spot Ether ETFs has been the talk of the town in crypto circles, but the main question at this point is: when will the funds launch?

After approving spot ETH ETFs last week, the financial regulator under Gary Gensler may have indirectly declared its designation of Ether even if it has repeatedly refused to provide clarity on the matter.

Michael Saylor, known for being a Bitcoin maximalist, has spoken regarding the approval of spot ETFs for Ethereum, BTC's "closest" rival.

The SEC has approved the 19b-4 filings for spot Ethereum ETFs, but it appears Bitcoin's price was more affected by the news than Ether's.

The SEC has approved spot ETH ETFs, and while social media users have been celebrating, some industry experts reminded the community that the funds won't begin trading soon.

A co-founder of the Ethereum network, and the founder of the company that revealed how the SEC has deemed Ether a security since March last year, said the approval of spot ETH ETFs has become a matter of political interest.

Several spot Ether ETF applicants have submitted updated 19b-4 filings, suggesting that the SEC has finally provided comments on the applications and triggering a wave of optimism in the crypto industry for the funds that, unlike Bitcoin, have had a more difficult road toward approval.

The SEC appears to have made a sudden change of heart as it reportedly informed exchanges that it was leaning toward approving the much-anticipated spot Ether ETFs.

Ether passed $3,700 Monday, having been stirred by talk in the crypto industry regarding supposed progress in getting spot ETH ETFs approved.

Two brothers were arrested by U.S. authorities following an alleged "novel" scheme that allowed them to swipe off $25 million in Ether in just a matter of seconds.

Gensler, seemingly unmoved by calls for him and the SEC to be held accountable for "misleading" statements regarding Ether's status as a security or a commodity, once again dodged a direct question regarding the world's second-largest cryptocurrency.

Grayscale, which recently saw a reversal in activity around its spot Bitcoin ETFs, has withdrawn its application for Ethereum futures ETFs, raising questions among industry analysts and enthusiasts.