Ethereum could attempt new all-time high as Grayscale files 19b-4s for ETH Mini Trust

📆 5/21/2024 5:07 PM
📰 FXStreetNews

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Ethereum (ETH) continued its rally on Tuesday following filings on the Securities & Exchange Commission's (SEC) website showing Fidelity and Grayscale filed an amended S-1 registration and initial 19b-4, respectively, for their spot ETH ETF products.

Ethereum ETFs may not allow staking as Fidelity amends S-1 registration. Grayscale's 19b-4 filings reveal SEC may have conceded that ETH isn't a security if they approve spot ETH ETFs. Ethereum's recent price action shows new all-time high is in sight.

co/gJx0PDY2At — Jake Chervinsky May 21, 2024 Following recent occurrences, Balchunas and James Seyffart have increased their approval odds for a spot ETH ETF to 75%, expecting the SEC to give the final greenlight as soon as Wednesday. ETH technical analysis: ETH aiming for new all-time high Ethereum broke the $3,730 resistance on Tuesday following news of the SEC potentially approving spot ETH ETFs.

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