WEB Ethereum ETFs: A Possibility on the Horizon
Standard Chartered's Prediction
According to Standard Chartered, WEB Ethereum ETFs could soon become a reality. The financial institution has set May 23 as the potential approval date.
SEC's Decision Postponement
However, the Securities and Exchange Commission (SEC) has temporarily delayed its decision on ETF applications filed by BlackRock and Fidelity. The SEC seeks clarification on whether the proposed ETFs would comply with regulatory requirements.
Positive Regulatory Developments
Despite the SEC's delay, favorable regulatory developments have boosted optimism for the approval of WEB Ethereum ETFs. For instance, the site has attracted substantial betting activity, including wagers on the May 31 approval timeline.
Ether's Price Surge
The regulatory tailwinds have had a positive impact on the price of Ether, the native token of the Ethereum blockchain. As of writing, Ether is trading at $3,650, up 4.4% on the day and 13.7% since Tuesday.
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