murat066
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CoinDesk
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SEC Approves Spot Ether ETF Listing, Still Needs to Approve Issuers' Filings
The Securities and Exchanges Commission (SEC) on Thursday approved 19b-4 forms filed by issuers looking to launch a spot ether exchange-traded fund (ETF), marking a key step forward in bringing the fund on the market, according to an order that was published on the SEC's website before being pulled down.
The form approval is just the first of two major steps the SEC needs to take before any spot ether ETFs can actually begin trading. S-1 forms, which are necessary to publicly offer new securities, also need approval.
Self-regulatory organizations such as exchanges have to file the 19b-4 forms in case of a rule change, while issuers file the S-1 forms.
In a statement, a Grayscale spokesperson confirmed the regulator had approved its 19b-4.
"At Grayscale, we appreciate the opportunity to engage constructively with regulators as they review spot Ethereum ETFs, and we remain optimistic about the potential of bringing Ethereum further into the US regulatory perimeter in the ETF wrapper," they said.
Potential issuers include BlackRock, Fidelity, Grayscale, VanEck, Franklin Templeton, Ark/21Shares and Invesco/Galaxy.
“A week ago I would’ve said you were a little crazy to think that these ETFs were going to get SEC approval,” said James Seyffart, ETF analyst at Bloomberg Intelligence ahead of the decision.
Although the approval of the 19b-4 filings suggests that regulators are willing to allow issuers to bring a spot ether ETF on the market, it doesn’t guarantee that they will ultimately approve the final S-1 forms filed by all issuers.
“There is likely to be a gap before we see S-1 approvals and these ETFs begin trading. My guess is that this will take at least a week, but likely more. If history is any guide it could be much longer and be measured in months. But I personally think the gap will be measured in weeks. Everyone is just guessing right now though.” Seyffart said.
Regulators sent a shock wave through the industry on Monday when reports came out that issuers were asked to update their 19b-4 filings ahead of the SEC’s deadline to approve or deny one of the issuers, VanEck’s filing.
The odds that the SEC would approve the filing were very low given the lack of engagement from the regulator in the weeks before.
An SEC spokesperson said the agency would not comment beyond what's in the order published Thursday.
UPDATE (May 23, 2024, 21:30 UTC): Adds additional information, including SEC statement.
The form approval is just the first of two major steps the SEC needs to take before any spot ether ETFs can actually begin trading. S-1 forms, which are necessary to publicly offer new securities, also need approval.
Self-regulatory organizations such as exchanges have to file the 19b-4 forms in case of a rule change, while issuers file the S-1 forms.
In a statement, a Grayscale spokesperson confirmed the regulator had approved its 19b-4.
"At Grayscale, we appreciate the opportunity to engage constructively with regulators as they review spot Ethereum ETFs, and we remain optimistic about the potential of bringing Ethereum further into the US regulatory perimeter in the ETF wrapper," they said.
Potential issuers include BlackRock, Fidelity, Grayscale, VanEck, Franklin Templeton, Ark/21Shares and Invesco/Galaxy.
“A week ago I would’ve said you were a little crazy to think that these ETFs were going to get SEC approval,” said James Seyffart, ETF analyst at Bloomberg Intelligence ahead of the decision.
Although the approval of the 19b-4 filings suggests that regulators are willing to allow issuers to bring a spot ether ETF on the market, it doesn’t guarantee that they will ultimately approve the final S-1 forms filed by all issuers.
“There is likely to be a gap before we see S-1 approvals and these ETFs begin trading. My guess is that this will take at least a week, but likely more. If history is any guide it could be much longer and be measured in months. But I personally think the gap will be measured in weeks. Everyone is just guessing right now though.” Seyffart said.
Regulators sent a shock wave through the industry on Monday when reports came out that issuers were asked to update their 19b-4 filings ahead of the SEC’s deadline to approve or deny one of the issuers, VanEck’s filing.
The odds that the SEC would approve the filing were very low given the lack of engagement from the regulator in the weeks before.
An SEC spokesperson said the agency would not comment beyond what's in the order published Thursday.
UPDATE (May 23, 2024, 21:30 UTC): Adds additional information, including SEC statement.
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InsideBitcoins
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Render Price Prediction As RNDR Plunges 6% And Investors Flock To This New AI Meme Coin For Parab...
The Render price plunged over 6% in the last 24 hours to trade at $10.53 as of 12:25 a.m. EST as investors offload their holdings in the altcoin.
The RNDR price drop was enough to pull its weekly performance into the red zone as well, but it’s still up more than 16% over the past month.
The Render Price Testing Crucial Support
4-hour chart for RNDR/USD (Source: GeckoTerminal)
The Render price plummeted out of a bullish channel that had emerged on its charts over the past 48 hours. This was after the altcoin was rejected by the $11.55 resistance throughout the past day of trading.
Following the rejection, RNDR broke below the $10.90 support and is now testing the next key mark at $10.33. If bears continue to exert pressure on the crypto, the Render price could be at risk of falling to as low as $9.70 in the short term.
However, RNDR maintaining a position above $10.33 for the next 12 hours might invalidate the bearish thesis. In this alternative scenario, traders could identify the Render price’s current level as a buy entry.
With this potential buy volume, RNDR might attempt to reclaim the $10.90 support. A 4-hour candle close above this threshold could then give the altcoin the technical foundation needed to keep climbing. RNDR might rise to $11.55 as a result.
Technicals Warn Of A Continued Render Price Drop
Technical indicators on RNDR’s 4-hour chart suggest the crypto could fall some more in the coming 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are flagging bearish.
Over the past 12 hours, the MACD line crossed below the MACD Signal line. Traders usually identify this technical occurrence as an indication that a crypto has entered a negative phase. If the MACD line starts to break away below the Signal line, the Render price might lose the $10.33 support level soon.
Meanwhile, the RSI shows that sellers have gained the upper hand against buyers. This is after the RSI’s value dropped substantially throughout the past day of trading.
Given its current value below 50, it seems bears are stronger than bulls. Should they capitalize on this advantage, sellers could pull RNDR down further in the short term.
While the Render price remains at the mercy of sellers, the same can’t be said for WienerAI, which is going ballistic in presale as it closes on $3 million raised.
An Advanced AI Trading Companion
WienerAI (WAI) is unlike many other canine-themed meme coins because it is backed by powerful AI technology. It also offers real world utility by acting as a sophisticated and loyal trading companion for traders.
Backed by cutting-edge AI models, WienerAI can help its users make more informed investment and trading decisions. Users will also be able to interact with the predictive AI models through an easy-to-use user interface.
With the market anticipating a bull run, crypto YouTuber Jacob Bury believes WienerAI could be a 100X speculative opportunity.
WienerAI token holders also can take advantage of seamless swap capabilities offered through Sausage Swaps, and will gain access to MEV protection, ensuring they never get front run by a MEV bot again.
All of these features come with zero fees as well.
Investors Rushing To Buy WAI
Buyers may also be flocking to the meme coin’s ICO for its lucrative staking opportunity.
Anyone who purchases WAI at this early stage will be eligible for a 375% APY. With more than 2.7 million tokens already locked up, it’s fair to say that many have already booked their slot.
🌭🤖2 MILLION WIENERS!!!!🌭🤖
🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖 pic.twitter.com/gOQKIlihTq
— WienerAI (@WienerDogAI) May 17, 2024
Anyone who wants to exposure to WAI can do so through the project’s official website. Embedded on the home page is a simple buy widget, which can be used to purchase WAI.
Currently selling for $0.000709, WAI can be bought using either ETH, USDT, BNB or bank card. Investors will want to hurry, because the meme coin’s price is set to increase imminently.
Purchase and stake WAI tokens here for a 375% APY.
Related Articles:
99Bitcoins Token ICO Blasts Past $1.5m For Crypto’s First Learn To Earn BRC-20 Token
Pepe (PEPE) Price Rally Continues to New All-Time High – Will Dogeverse (DOGEVERSE) be the Next to Surge?
Upcoming Crypto Presales: Unlock Early Investment Opportunities!
The RNDR price drop was enough to pull its weekly performance into the red zone as well, but it’s still up more than 16% over the past month.
The Render Price Testing Crucial Support
4-hour chart for RNDR/USD (Source: GeckoTerminal)
The Render price plummeted out of a bullish channel that had emerged on its charts over the past 48 hours. This was after the altcoin was rejected by the $11.55 resistance throughout the past day of trading.
Following the rejection, RNDR broke below the $10.90 support and is now testing the next key mark at $10.33. If bears continue to exert pressure on the crypto, the Render price could be at risk of falling to as low as $9.70 in the short term.
However, RNDR maintaining a position above $10.33 for the next 12 hours might invalidate the bearish thesis. In this alternative scenario, traders could identify the Render price’s current level as a buy entry.
With this potential buy volume, RNDR might attempt to reclaim the $10.90 support. A 4-hour candle close above this threshold could then give the altcoin the technical foundation needed to keep climbing. RNDR might rise to $11.55 as a result.
Technicals Warn Of A Continued Render Price Drop
Technical indicators on RNDR’s 4-hour chart suggest the crypto could fall some more in the coming 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are flagging bearish.
Over the past 12 hours, the MACD line crossed below the MACD Signal line. Traders usually identify this technical occurrence as an indication that a crypto has entered a negative phase. If the MACD line starts to break away below the Signal line, the Render price might lose the $10.33 support level soon.
Meanwhile, the RSI shows that sellers have gained the upper hand against buyers. This is after the RSI’s value dropped substantially throughout the past day of trading.
Given its current value below 50, it seems bears are stronger than bulls. Should they capitalize on this advantage, sellers could pull RNDR down further in the short term.
While the Render price remains at the mercy of sellers, the same can’t be said for WienerAI, which is going ballistic in presale as it closes on $3 million raised.
An Advanced AI Trading Companion
WienerAI (WAI) is unlike many other canine-themed meme coins because it is backed by powerful AI technology. It also offers real world utility by acting as a sophisticated and loyal trading companion for traders.
Backed by cutting-edge AI models, WienerAI can help its users make more informed investment and trading decisions. Users will also be able to interact with the predictive AI models through an easy-to-use user interface.
With the market anticipating a bull run, crypto YouTuber Jacob Bury believes WienerAI could be a 100X speculative opportunity.
WienerAI token holders also can take advantage of seamless swap capabilities offered through Sausage Swaps, and will gain access to MEV protection, ensuring they never get front run by a MEV bot again.
All of these features come with zero fees as well.
Investors Rushing To Buy WAI
Buyers may also be flocking to the meme coin’s ICO for its lucrative staking opportunity.
Anyone who purchases WAI at this early stage will be eligible for a 375% APY. With more than 2.7 million tokens already locked up, it’s fair to say that many have already booked their slot.
🌭🤖2 MILLION WIENERS!!!!🌭🤖
🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖 pic.twitter.com/gOQKIlihTq
— WienerAI (@WienerDogAI) May 17, 2024
Anyone who wants to exposure to WAI can do so through the project’s official website. Embedded on the home page is a simple buy widget, which can be used to purchase WAI.
Currently selling for $0.000709, WAI can be bought using either ETH, USDT, BNB or bank card. Investors will want to hurry, because the meme coin’s price is set to increase imminently.
Purchase and stake WAI tokens here for a 375% APY.
Related Articles:
99Bitcoins Token ICO Blasts Past $1.5m For Crypto’s First Learn To Earn BRC-20 Token
Pepe (PEPE) Price Rally Continues to New All-Time High – Will Dogeverse (DOGEVERSE) be the Next to Surge?
Upcoming Crypto Presales: Unlock Early Investment Opportunities!
Binance Square Official
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This campaign may not be available in your region.Submissions will be evaluated by a panel from the Binance Square team, based on topic relevance, formatting, research quality, factual sourcing, and originality. Content must also align with Campaign Rules. Only content no shorter than 600 words will qualify for the rewards.Posts that attempt to boost engagement by exploiting Red Packets and giveaways will be disqualified.The content needs to be posted on Binance Square organically to qualify for the reward.Winners of the week will be notified within 14 days via a push notification under Creator Center > Square Assistant. Entries by Media & Project partners will not be considered for this campaign.The FDUSD token voucher rewards will be distributed within 30 working days after the activity ends. Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this announcement and the original English version, the English version of this announcement shall prevail.Additional promotion terms and conditions can be accessed here.
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Craft an in-depth article on Binance Square, where you present your top strategies to earn free cryptocurrency. Deliver comprehensive insights into each method, elaborating on how users can actively participate. Your article can feature Binance’s products or campaigns, such as:
Binance MegadropBinance Earn Binance LaunchpoolBinance Learn and EarnWrite2Earn on Binance Square.
Make sure your article has a minimum length of 600 words.
Guidelines:
Make certain your shared content is original, filled with insightful information, and based on real incidents. Posts with high engagement lacking original content may be disqualified.
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Five posts generating the most interaction will each be rewarded with 100 FDUSD.
Terms and Conditions:
This campaign may not be available in your region.Submissions will be evaluated by a panel from the Binance Square team, based on topic relevance, formatting, research quality, factual sourcing, and originality. Content must also align with Campaign Rules. Only content no shorter than 600 words will qualify for the rewards.Posts that attempt to boost engagement by exploiting Red Packets and giveaways will be disqualified.The content needs to be posted on Binance Square organically to qualify for the reward.Winners of the week will be notified within 14 days via a push notification under Creator Center > Square Assistant. Entries by Media & Project partners will not be considered for this campaign.The FDUSD token voucher rewards will be distributed within 30 working days after the activity ends. Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this announcement and the original English version, the English version of this announcement shall prevail.Additional promotion terms and conditions can be accessed here.
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