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Franklin Templeton Latest Firm to File for Spot Ethereum ETF


Investment firm Franklin Templeton is the latest asset manager to file a spot Ethereum exchange-traded fund (ETF) application with the Securities and Exchange Commission (SEC) in the United States. The filing was submitted on Monday. Coinbase Custody will be the Ether custodian and Bank of New York...

Ethereum Gas Fees Surge to 8-Month High As ERC-404 Tokens Take Off


Gas fees on the Ethereum network have soared to levels not seen since March 2023, driven by the growing interest in a new experimental token standard known as ERC-404. Ethereum Gas Fees Reach Peak Levels On February 9, Ethereum gas prices soared to an average peak of 70 gwei, equivalent to $60...

ARK Invest and 21Shares Outline Cash Processes in New Ethereum ETF Bid


Ark Invest and 12Shares have refiled their joint application for a spot market Ethereum ETF to address cash creation and redemption. The amendments bring it in line with spot Bitcoin ETFs recently approved by the US Securities and Exchange Commission, according to Bloomberg ETF analyst Eric...

What Influences Spot Ether ETF Approval?


After the buzz around Bitcoin spot ETFs, all eyes are on a possible Ethereum ETF. The SEC has already delayed decisions on applications from Grayscale and Blackrock. Meanwhile, Fidelity’s proposal, submitted in November, faces a crucial March deadline. But, what are the chances of these...

TD Cowen Sees Slim Chances for Spot Ethereum ETF in 2024


TD Cowen doesn’t expect a Spot Ethereum ETF will be approved anytime soon, citing “no upside” for SEC Chair Gary Gensler. Following Bitcoin spot fund approvals, an Ethereum spot ETF is the next expected milestone in crypto markets. On Monday, analysts led by Jaret Seiberg said they do not expect...

SEC Postpones Decision on BlackRock’s Spot Ethereum ETF to March


The U.S. Securities and Exchange Commission has delayed its decision on BlackRock’s spot Ethereum exchange-traded fund (ETF) application to March. According to the SEC’s latest filing, the new decision deadline for BlackRock’s spot Ethereum ETF is set to be March 10, 2024. The Commission will then...

SEC Postpones Decision on Fidelity’s Spot Ethereum ETF


The United States Securities and Exchange Commission (SEC) has postponed its ruling on Fidelity’s spot Ethereum exchange-traded fund until March 5th, a new court filing reveals. “Completely expected” “The Commission finds it appropriate to designate a longer period within which to take action...

Ethereum Completes Dencun Network Upgrade on Goerli Testnet


Ethereum has successfully implemented the Dencun network upgrad on the Goerli testnet. On Jan. 17, Ethereum’s developers have deployed the previously announced Dencun upgrade, succeeding the Shapella upgrade (also known as the Shanghai upgrade) in 2023. The Dencun upgrade prominently features...

Valkyrie CIO Says Market May See Ripple, Ethereum ETFs Next


Source: DALL·E Valkyrie Funds Chief Investment Officer Steven McClurg says it wouldn’t be surprising if a Ripple and Ethereum spot exchange-traded fund (ETF) came to the market speaking in an interview with Bloomberg TV. “It wouldn’t surprise me if we saw Ripple or Ethereum spot ETFs...

SEC Implicitly Recognizes Ether as Commodity, Paving Way for ETF


Source: DALL·E An Ethereum (ETH) spot ETF is due to reach the U.S. market after a slew of Bitcoin (BTC) based equivalents are likely greenlighted next week, according to Bloomberg ETF analyst James Seyffart. During a private webinar with CryptoQuant on Thursday, the analyst argued that...

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