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Ether passed $3,700 Monday, having been stirred by talk in the crypto industry regarding supposed progress in getting spot ETH ETFs approved.
SEC likely to deny new Ether ETFs this week
May 2024 could be a turning point for crypto. Fed decisions, inflation data, the Tornado Cash trial, and ETF could impact the market.
VanEck, ARK Investment Management and seven other issuers have filed with the SEC to list ETFs that would track the spot price of the world's second-largest cryptocurrency after bitcoin. The SEC must decide on VanEck's and ARK's filings, which are first in line, by May 23 and May 24 respectively.