Newsletter Subject

SEC To Approve Ethereum ETF This Week, Says SC 😳

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coinmarketcap.com

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spotlight@newsletters.coinmarketcap.com

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Wed, May 22, 2024 11:39 AM

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Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ?

Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌       [CoinMarketCap Spotlight Logo](~/AAQRxQA~/RgRoMF59P0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPXkxcXFrbzQzNnYxMVcDc3BjQgpmRn3ZTWY7Q1mtUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)   Pumps, pumps, everywhere. The crypto market is finally enjoying the effects of the Bitcoin spot ETF approval and the recent Bitcoin halving event, leading to a surge in buying pressure. One thing we should not ignore, however, is the renewed hope surrounding the potential approval of a spot Ethereum ETF, which seems to have triggered the recent price action. So let’s unpack all the details of the big developments that happened in crypto in the past 24 hours. Here is a quick rundown of the top headlines: - Cboe refiles ETF applications for Ethereum, raising hopes of imminent approval. But why does [it matter](~/AAQRxQA~/RgRoMF59P0SgaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY2JvZS1iengtc3VibWl0cy1yZXZpc2VkLWZvcm1zLWZvci1ldGhlcmV1bS1ldGYtYXBwbGljYXRpb25zLWZ1ZWxpbmctc3BlY3VsYXRpb24tb2YtaW1taW5lbnQtYXBwcm92YWw_bGlkPTlkYzJ0dWV1aWtrOFcDc3BjQgpmRn3ZTWY7Q1mtUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)? - Bitcoin derivatives data hints at a potential run towards new all-time highs around $73K. But what's [truly catalyzing](~/AAQRxQA~/RgRoMF59P0SAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYml0Y29pbi1kZXJpdmF0aXZlcy1zdWdnZXN0LXN1cmdlcy1hYm92ZS1kb2xsYXI3M2stYWxsLXRpbWUtaGlnaC1uZXh0P2xpZD1zYzh0dXZkdWptbDhXA3NwY0IKZkZ92U1mO0NZrVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) this euphoric derivatives sentiment? - Reports suggest the SEC could approve multiple spot Ethereum ETFs this week. [What's driving](~/AAQRxQA~/RgRoMF59P0SGaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvc3RhbmRhcmQtY2hhcnRlcmVkLWFudGljaXBhdGVzLXNlYy1hcHByb3ZhbC1vZi1zcG90LWV0aGVyZXVtLWV0ZnMtdGhpcy13ZWVrP2xpZD1iZnFqNDhvMGloZjdXA3NwY0IKZkZ92U1mO0NZrVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) this renewed optimism? - Memecoin PEPE soars to new record highs. But [why exactly](~/AAQRxQA~/RgRoMF59P0SMaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvcGVwZS1oaXRzLWFsbC10aW1lLWhpZ2hzLWFzLWV0aC1iYXNlZC1tZW1lY29pbnMtc3VyZ2UtYW1pZC1wb3RlbnRpYWwtZXRmLWFwcHJvdmFsP2xpZD1pb2Y2cHEzbXlobGVXA3NwY0IKZkZ92U1mO0NZrVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) are the memecoins surging? - The Trump campaign to accept crypto donations for the 2024 run. [Which coins](~/AAQRxQA~/RgRoMF59P0R-aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZG9uYWxkLXRydW1wLW5vdy1hY2NlcHRzLWNyeXB0by1kb25hdGlvbnMtZm9yLXByZXNpZGVudGlhbC1jYW1wYWlnbj9saWQ9eWp1ZWl6NmgzYjJuVwNzcGNCCmZGfdlNZjtDWa1SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) are being accepted by the campaign? Let's explore the context around each of these stories in more detail. MARKET OVERVIEW GLOBAL MARKET CAP $2.59T ▼1.21% (24h) 24H MARKET VOLUME $113.68B ▼20.91% (24h) BITCOIN’S DOMINANCE 53.21% ▼0.19% (24h) FEAR & GREED INDEX 68 Greed [Bitcoin] Bitcoin $70,054.42 ▼1.71% (24h) [Ethereum] Ethereum $3,731.69 ▼1.12% (24h) [BNB] BNB $620.84 ▲0.2% (24h) [ALL CRYPTO PRICES/DATA »](~/AAQRxQA~/RgRoMF59P0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPTQwdnUzdmtldXJyMVcDc3BjQgpmRn3ZTWY7Q1mtUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [TRENDING CRYPTO »](~/AAQRxQA~/RgRoMF59P0RFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS90cmVuZGluZy1jcnlwdG9jdXJyZW5jaWVzLz9saWQ9d3dvN3B6bzQzMnpuVwNzcGNCCmZGfdlNZjtDWa1SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [NEW LISTINGS ON CMC »](~/AAQRxQA~/RgRoMF59P0QvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9uZXcvP2xpZD1rZGp5dWg2MjRqMnNXA3NwY0IKZkZ92U1mO0NZrVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [TRENDING DEX PAIRS »](~/AAQRxQA~/RgRoMF59P0RAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9kZXhzY2FuL3RyZW5kaW5nL2FsbC8_bGlkPXRxenR4YnpxZGU1elcDc3BjQgpmRn3ZTWY7Q1mtUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) Data as of: 22 May 2024 11:35 UTC TOP GAINERS 24H% [SOLCAT] [SOLCAT](~/AAQRxQA~/RgRoMF59P0QwaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3NvbGNhdC1wZXQvVwNzcGNCCmZGfdlNZjtDWa1SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▲405.52% [Jogecodog] [Jogecodog](~/AAQRxQA~/RgRoMF59P0QvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2pvZ2Vjb2RvZy9XA3NwY0IKZkZ92U1mO0NZrVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) ▲190.76% [Colizeum] [Colizeum](~/AAQRxQA~/RgRoMF59P0QuaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2NvbGl6ZXVtL1cDc3BjQgpmRn3ZTWY7Q1mtUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲189.98% TOP LOSERS 24H% [CATX] [CATX](~/AAQRxQA~/RgRoMF59P0QqaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2NhdHgvVwNzcGNCCmZGfdlNZjtDWa1SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▼90.67% [Coinmetro Token] [Coinmetro Token](~/AAQRxQA~/RgRoMF59P0Q1aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2NvaW5tZXRyby10b2tlbi9XA3NwY0IKZkZ92U1mO0NZrVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) ▼85.68% [Simpson Cat] [Simpson Cat](~/AAQRxQA~/RgRoMF59P0QxaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3NpbXBzb24tY2F0L1cDc3BjQgpmRn3ZTWY7Q1mtUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▼80.74%   Cboe Refiles Ethereum ETF Applications Cboe BZX just fueled the speculation surrounding imminent Ethereum ETF approvals by refiling amended regulatory forms for multiple issuers. We're talking amended Form 19b-4 filings from the likes of Fidelity, VanEck, Invesco, ARK and more - all rushing to meet the SEC's recent demands to fast-track their applications through the pipeline. For those not versed in bureaucratic jargon, the 19b-4 is essentially a compliance doc detailing proposed rule changes that the commission must sign off on before any Ethereum ETFs get launched. But why does it matter? [Read the full story](~/AAQRxQA~/RgRoMF59P0SgaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY2JvZS1iengtc3VibWl0cy1yZXZpc2VkLWZvcm1zLWZvci1ldGhlcmV1bS1ldGYtYXBwbGljYXRpb25zLWZ1ZWxpbmctc3BlY3VsYXRpb24tb2YtaW1taW5lbnQtYXBwcm92YWw_bGlkPXhyNzA3MHFyaHRlbVcDc3BjQgpmRn3ZTWY7Q1mtUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   Bitcoin Derivatives Signal $73K Breakout Bitcoin's derivatives markets are flashing major bullish signals that the king crypto could be on the cusp of finally breaching its $73,000 all-time high very soon. According to several key derivatives metrics, institutional traders are positionally gearing up for an imminent breakout attempt. In the futures arena, Bitcoin's monthly contract basis has climbed to a hefty 14% - the highest premium seen in over a month. That markup represents a clear uptick in demand for long BTC exposure as smart money positions for the next major upside move. The options skew is equally optimistic, with perpetual funding rates and put/call ratios maintaining a neutral 8% balance despite the recent price pump. This suggests pro traders aren't yet pricing in an aggressive volatility shock or pullback, displaying solid conviction in Bitcoin's trajectory higher. But what's truly catalyzing this euphoric derivatives sentiment? [Read the full story](~/AAQRxQA~/RgRoMF59P0SAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYml0Y29pbi1kZXJpdmF0aXZlcy1zdWdnZXN0LXN1cmdlcy1hYm92ZS1kb2xsYXI3M2stYWxsLXRpbWUtaGlnaC1uZXh0P2xpZD00MGl4bXR2OWZ1dXBXA3NwY0IKZkZ92U1mO0NZrVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   [5 Hottest Killer Whales Picks](~/AAQRxQA~/RgRoMF59P0REaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jb21tdW5pdHkvcG9zdC8zMzY1MDg2NDIvP2xpZD1hbGszdGY2MnR6dDNXA3NwY0IKZkZ92U1mO0NZrVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) Wednesday, 22 May on 4PM UTC CMC-Community Live: 5 Hottest Killer Whales Picks Don't miss the second of four episodes, featuring five quick pitches from projects vying for a spot on Season 2 of Killer Whales! [Join Us Soon](~/AAQRxQA~/RgRoMF59P0REaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jb21tdW5pdHkvcG9zdC8zMzY1MDg2NDIvP2xpZD14ZG1idnp1M2dkeWdXA3NwY0IKZkZ92U1mO0NZrVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)   SEC Set to Approve Spot Ethereum ETFs This Week It appears the long-awaited Ethereum ETF saga may finally be reaching its conclusion this week. Global banking giant Standard Chartered just projected up to a 90% probability that the SEC will greenlight not just one, but MULTIPLE spot Ether ETF products over the next few days! But why do they believe ETFs are going to be approved? [Read the full story](~/AAQRxQA~/RgRoMF59P0SGaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvc3RhbmRhcmQtY2hhcnRlcmVkLWFudGljaXBhdGVzLXNlYy1hcHByb3ZhbC1vZi1zcG90LWV0aGVyZXVtLWV0ZnMtdGhpcy13ZWVrP2xpZD1nbjI5NmZxZzBoM2hXA3NwY0IKZkZ92U1mO0NZrVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   PEPE Hits ATHs Amid Spot ETF Approval Hype The Ethereum memecoin realm is going full degen mode as whispers of spot ETF approvals start gaining steam! Leading the charge? None other than PEPE. The iconic memecoin just obliterated its all-time high, rocketing over 25% higher to clock a record $0.00001405 per token. That run catapulted PEPE's market cap all the way to $5.8 billion value. We're talking third largest memecoin behind only legendary giants Dogecoin and Shiba Inu at this point. But PEPE isn't the only one riding this wave of ETF approval speculation and memetic euphoria. Which other memecoin made double-digit gains and why exactly are they surging? [Read the full story](~/AAQRxQA~/RgRoMF59P0SMaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvcGVwZS1oaXRzLWFsbC10aW1lLWhpZ2hzLWFzLWV0aC1iYXNlZC1tZW1lY29pbnMtc3VyZ2UtYW1pZC1wb3RlbnRpYWwtZXRmLWFwcHJvdmFsP2xpZD1sN3J0dXgyamR6aWpXA3NwY0IKZkZ92U1mO0NZrVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   Get Immediate Updates on Market Moves with CMC Watchlist [CoinMarketCap Watchlist - Mobile](~/AAQRxQA~/RgRoMF59P0SMaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS93YXRjaGxpc3QvP3V0bV9jYW1wYWlnbj11c2VyX3NpZ25fdXAmdXRtX3NvdXJjZT1uZXdzbGV0dGVyJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NvbnRlbnQ9d2F0Y2hsaXN0JmxpZD00a3o1bXJyN3VscDZXA3NwY0IKZkZ92U1mO0NZrVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) React instantly to market fluctuations with real-time notifications from your CoinMarketCap Watchlist. This tool is essential for anyone serious about crypto trading, providing immediate updates directly to your device. Stay informed and never miss a crucial market move again. [Create Watchlist](~/AAQRxQA~/RgRoMF59P0SMaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS93YXRjaGxpc3QvP3V0bV9jYW1wYWlnbj11c2VyX3NpZ25fdXAmdXRtX3NvdXJjZT1uZXdzbGV0dGVyJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NvbnRlbnQ9d2F0Y2hsaXN0JmxpZD0xOHNlMXdtc3FsZ2RXA3NwY0IKZkZ92U1mO0NZrVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)   Trump Opens 2024 Campaign to BTC, ETH, and DOGE Donations Former President Donald Trump just announced his campaign is accepting donations in Bitcoin, Ethereum and even Dogecoin. The surprise announcement landed earlier today as the Trump campaign rolled out its brand new "Crypto-Backed" contribution portal powered by Coinbase Commerce. A portal decorated with the logos of practically every prominent crypto under the sun - from BTC and ETH to meme phenoms like DOGE and SHIB. Did these coins get pumped after the announcement? [Read the full story](~/AAQRxQA~/RgRoMF59P0R-aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZG9uYWxkLXRydW1wLW5vdy1hY2NlcHRzLWNyeXB0by1kb25hdGlvbnMtZm9yLXByZXNpZGVudGlhbC1jYW1wYWlnbj9saWQ9dnYzZG44MHU1MzhwVwNzcGNCCmZGfdlNZjtDWa1SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)!   And that’s a wrap. 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