Breaking: Bloomberg Analyst Updates Timeline for Spot Ethereum ETF

Quick Summary:

Senator Bill Hagerty also commented on the timeline and thanked Gessler for estimating that the process would be completed by the “end of the summer.

The move towards the approval of Ether ETFs comes at a time when there is more clarity on the legal framework surrounding cryptocurrencies.

These developments have been received generally well by the market with traders and investors starting to build up the expectation on how these changes may affect the Ethereum’s liquidity and its price.

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Article Details

Author / Journalist: Kelvin Munene Murithi

Category: Crypto

Markets: India

Topics: 24/7 Cryptocurrency News Spot Ethereum ETF Ethereum News Ethereum ETFs

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-14 @ 22:23:52 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 407 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21256810

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

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News Last Updated: 9 hours ago

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