{"id":1477619,"date":"2024-07-15T19:58:47","date_gmt":"2024-07-15T23:58:47","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1477619"},"modified":"2024-07-15T19:58:47","modified_gmt":"2024-07-15T23:58:47","slug":"ethereum-jumps-above-3400-on-report-etfs-to-start-trading-next-week","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/ethereum-jumps-above-3400-on-report-etfs-to-start-trading-next-week\/1477619\/","title":{"rendered":"Ethereum Jumps Above $3,400 On Report ETFs To Start Trading Next Week"},"content":{"rendered":"<p><span class=\"field field--name-title field--type-string field--label-hidden\">Ethereum Jumps Above $3,400 On Report ETFs To Start Trading Next Week<\/span><\/p>\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p>Almost two months after the <a href=\"https:\/\/www.zerohedge.com\/crypto\/sec-approves-spot-ether-etfs-major-crypto-victory\">SEC unexpectedly cracked amid mounting political pressure &#8211; <\/a><em>from Democrats &#8211; <\/em>and granted 19b-4 approval for Ethereum ETFs, moments ago Bloomberg&#8217;s in-house ETF guru Eric Balchunas reported that the SEC has &#8220;<em><strong>finally gotten back to issuers today, asking them to return FINAL S-1s on Wed (incl fees) and then request effectiveness on Monday after close for a TUESDAY 7\/23 LAUNCH.&#8221;<\/strong><\/em><\/p>\n<p>Ironic and kinda funny 7\/23 is right in the middle of the biggest bitcoin conf of the year, which <a href=\"https:\/\/twitter.com\/JSeyff?ref_src=twsrc%5Etfw\">@JSeyff<\/a> will be at btw<\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1812930779090931894?ref_src=twsrc%5Etfw\">July 15, 2024<\/a><\/p>\n<p>And as Balchunas also notes, the presumed start of ETH ETF trading would coincide with the biggest bitcoin conf of the year, one where Donald Trump himself will be a guest now that crypto has become one of the biggest political talking points, just as we predicted it would more than a year ago.<\/p>\n<p>Crypto becoming a top 2024 election issue as expected. On one hand you have Pocahontas and her &#8220;Anti-Crypto army&#8221;, and now you have DeSantis going all-in crypto, anti-CBDC and anti-Warren. <a href=\"https:\/\/t.co\/cmrGcPQIcY\">https:\/\/t.co\/cmrGcPQIcY<\/a> <a href=\"https:\/\/t.co\/vK5MqiOhNj\">https:\/\/t.co\/vK5MqiOhNj<\/a><\/p>\n<p>\u2014 zerohedge (@zerohedge) <a href=\"https:\/\/twitter.com\/zerohedge\/status\/1653499435400286246?ref_src=twsrc%5Etfw\">May 2, 2023<\/a><\/p>\n<p>The news helped push Ether to a session &#8211; and two week &#8211; high just above $3,425 before some modest profit-taking kicked in following an impressive surge in ETH which jumped from $2800 &#8211; thanks largely to the recent German liquidation &#8211; to $3400 in just ten days.<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/ether_0.jpg?itok=iOB8yBlU\"><\/a><\/p>\n<p>The lift in ETH also helped push the ETH\/BTC ratio modestly higher, even though it still remains far below its post-2021 average of 0.065, which implied a fair value for ETH is above $4,000.<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/unnamed%20-%202024-07-15T153716.966.jpg?itok=p0x_5527\"><\/a><\/p>\n<\/div>\n<p>      <span class=\"field field--name-uid field--type-entity-reference field--label-hidden\"><a title=\"View user profile.\" href=\"https:\/\/cms.zerohedge.com\/users\/tyler-durden\" class=\"username\">Tyler Durden<\/a><\/span><br \/>\n<span class=\"field field--name-created field--type-created field--label-hidden\">Mon, 07\/15\/2024 &#8211; 15:58<\/span><\/p>\n<p>\u200b<a href=\"https:\/\/www.zerohedge.com\/markets\/ethereum-jumps-above-3400-report-eth-etfs-start-trading-next-week\" target=\"_blank\" class=\"\" rel=\"noopener\">https:\/\/www.zerohedge.com\/markets\/ethereum-jumps-above-3400-report-eth-etfs-start-trading-next-week<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum Jumps Above $3,400 On Report ETFs To Start Trading Next Week Almost two months after the SEC unexpectedly cracked amid mounting political pressure &#8211;&#8230;<\/p>\n","protected":false},"author":0,"featured_media":1477620,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-1477619","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbimBl-6coz","jetpack_featured_media_url":"https:\/\/bugaluu.com\/news\/wp-content\/uploads\/sites\/3\/2024\/07\/ether_0-NxOGiY.jpeg","_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1477619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1477619"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1477619\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1477620"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1477619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1477619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1477619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}