Ethereum’s value rose with the awaited debut of its ETFs:
Ethereum has become a focal point in the world of digital currencies
after it experienced its biggest leap in over a month.

This rise is linked to speculations about the possibility of launching new American-traded investment funds for the currency.

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Ethereum Gains

Spot Bitcoin Trading Funds

Traded Investment Funds Enhance the Value of “Ethereum”

Securities and Exchange Commission

Ethereum Gains

The second-largest digital currency was traded at around $3,710
maintaining gains of 8.5% from its peak during American trading hours.
Ethereum’s gains, which reached 62% since the beginning of the year,
are close to the 68% increase achieved by Bitcoin, the largest currency in the market.

Spot Bitcoin Trading Funds

Edward Chin, the co-founder of the digital hedge fund “Parataxis Capital,”
said there were discussions about a meeting between the issuers
of traded investment funds for the Ethereum currency and the US Securities and Exchange Commission.

The Securities and Exchange Commission,
which was initially skeptical, approved spot Bitcoin trading funds in the American exchange in January
after a court decision last year.
Since their launch in January, these funds have collected assets worth $59 billion,
making them among the most successful launches of a fund category ever.
This helped raise the value of “Bitcoin” to a record level in mid-March.

Traded Investment Funds Enhance the Value of Ethereum.

Investors realize the potential for “Ethereum’s” value to rise if the commission
allows the launch of traded investment funds directly containing the digital currency.
Major investment companies such as “Black Rock” and “Fidelity Investments”
have applied to launch such funds, but there are doubts about whether the regulatory authority will approve this.

Although “Bitcoin” is considered a commodity, the Securities and Exchange Commission
says that most other digital currencies are considered unregistered securities,
meaning the digital asset sector is rife with non-compliance.
Undoubtedly, explicitly classifying Ethereum as unregistered securities would
increase the challenges of launching a traded investment fund.

Securities and Exchange Commission

The Securities and Exchange Commission’s approval of “Bitcoin” spot funds

also depends on the relationship between the traded Bitcoin futures contracts
on the Chicago Mercantile Exchange and the price movements of the digital asset itself,
which was considered sufficient to detect fraud and manipulation.

Analysts for traded investment funds at “Bloomberg Intelligence,” James Seyffart and Eric Balchunas,
noted in a memo issued in late March,
a 75% probability that the Securities and Exchange Commission would reject “Ethereum” requests by May,
indicating that the decision could depend on data “showing relatively weak correlations between spot markets and futures markets.”

The Securities and Exchange Commission did not immediately respond
to a request for comment on any discussions related to the requests for
launching traded investment funds for the “Ethereum” currency between it and the potential issuers,
Note that they submitted the request after the official working hours.

Ethereum’s value rose with the awaited debut of its ETFs

Ethereum&#8217;s value rose with the awaited debut of its ETFs

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Ethereum’s value rose with the awaited debut of its ETFs