Traders are skeptical about assuming that the price of Ether will decline after the launch of spot Ether exchange-traded funds (ETFs), similar to what happened with Bitcoin, after spot Bitcoin ETFs started trading. “I think there is less likelihood of a selloff here after the ETH ETF compared to the BTC ETF,” crypto trader Matthew Hyland…
MicroStrategy founder Michael Saylor has changed his tone on spot Ether exchange-traded funds (ETFs), arguing that the recent nod from the United States regulator is only good news for Bitcoin as well. “Is this good for Bitcoin or not? Yeah, I think it’s good for Bitcoin, in fact, I think it may be better for Bitcoin because…
The Ethereum Foundation will institute a policy on conflicts of interest, executive director Aya Miyaguchi said on May 24. The announcement came in response to controversy in the crypto community over connections between the foundation and EigenLayer developers. Two Ethereum researchers joined the ranks of paid advisers at the EigenFoundation in the week preceding Miyaguchi’s…
The authority on agriculture in Abu Dhabi, United Arab Emirates (UAE) issued an advisory to farmers prohibiting mining crypto on farms. The Abu Dhabi Agriculture and Food Safety Authority reportedly told farmers that farms cannot be used as a site for mining cryptocurrencies. The government agency said the activity is considered a “misuse of the farm for…
The United States Securities and Exchange Commission (SEC) approved spot Ether exchange-traded funds (ETFs) on May 23, but the approval process differed slightly from the approval of spot Bitcoin ETFs in January. Unlike the spot Bitcoin ETFs approved via voting by a five-member committee including SEC chief Gary Gensler, spot Ether ETFs were approved by the Trading and Markets…
The approval of spot Ether (ETH) exchange-traded funds is “implicit recognition” from the United States Securities and Exchange Commission that Ether is not a security, according to industry pundits. One even suggests this could extend to other tokens as well. “These are commodities-based trust shares, so the SEC, by approving these, is explicitly saying they’re…
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