According to the latest information, the SEC has begun negotiations on S-1 registration for Ethereum ETFs. This signaled potential regulatory progress. Meanwhile, US lawmakers have called on the SEC for approval. Amid the controversy, market optimism increased, pushing Ethereum prices higher. QCP Capital predicts Ethereum price will exceed $6,000 amid Ethereum ETF expectation.
US SEC begins initial talks for spot Ethereum ETF
cryptokoin.comAs you follow from , the market is monitoring the approval process of spot Ethereum ETFs soon. According to the latest information, the SEC has initiated discussions regarding S-1 registration for Ethereum ETFs. This created excitement in the cryptocurrency market. This development therefore fuels optimism regarding the potential approval of the investment instrument. In particular, the approval of an Ethereum ETF marks a significant milestone for the crypto industry.
The SEC has begun discussions with potential Ethereum ETF issuers regarding their S-1 registration statements, according to a new report. The report noted that a senior member at one issuer hinted that the development was just the beginning. Additionally, he noted that the Investment Management Division was somewhat unprepared for this change. However, despite cautious optimism, the source does not expect these early discussions to halt progress towards an ETH ETF. Amid these developments, U.S. lawmakers are also pushing for SEC approval, Politico reports.
3 scenarios for ETH from Matrixport analyst!
Meanwhile, in order for ETH ETFs to receive approval, the SEC must first approve forms 19b-4, as it does in a comprehensive order for Bitcoin ETFs. Once these forms are approved, S-1 registration statements must go into effect before trading can begin. Typically, these forms undergo multiple changes before final approval. In particular, Fidelity’s recent filing of an amended S-1 form has sparked discussion that more changes to S-1s are on the horizon.
Meanwhile, Matrixport co-founder Daniel Yan weighs in on Ethereum ETF approval, outlining three potential scenarios and their implications. Yan expects a selling reaction if only the 19-b4 is approved, a “very bullish” sentiment if both the 19-b4 and S-1s are approved, and a “very bearish” sentiment if the 19-b4 is rejected.
QCP Capital’Ethereum price prediction from
Amid the enthusiasm surrounding the potential approval of the Spot Ethereum ETF by the US SEC, optimism in the crypto market has reached new highs. Meanwhile, QCP Capital recently shared a post regarding its ETH price prediction. QCP Capital predicts that ETH price will rise strongly following ETF optimism. Thus, it further strengthened the positive sentiment in the market. QCP highlighted the importance of the upcoming Ethereum ETF decision by highlighting the market’s expectation of significant price movements. With implied volatility rising above 100%, QCP suggests that ETH ETFs are likely to be approved.
The report also highlights recent changes that major Ethereum ETF issuers have made in their filings with the SEC. This situation further increased the confidence of investors who were eagerly waiting for the SEC’s decision regarding the investment instrument. Meanwhile, QCP highlights the significant rally experienced by Bitcoin following SEC approval. In this regard, Spot draws a parallel with the approval of Bitcoin ETFs. The firm predicts that Ethereum will experience a similar rise if ETF approval occurs. In this vein, he predicts ETH will rise above $6,000, potentially up 60%.
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