Blackrock To Retain Its 10-Year Streak With Ethereum ETF Approval

The post Blackrock To Retain Its 10-Year Streak With Ethereum ETF Approval appeared first on Coinpedia Fintech News

The SEC could approve the spot ETH ETF this week, marking a notable shift in its regulatory stance. Bloomberg analysts have raised their approval odds to 75%. This development has major players like BlackRock, Grayscale, and Fidelity scrambling. BlackRock has a strong track record with the SEC, having only one ETF application denied in 2014. The ETFs awaiting approval include those from VanEck, ARK21Shares, Grayscale, Fidelity, Invesco Galaxy, Franklin, Bitwise, and Hashdex. The crypto community remains optimistic, with a 17% surge in Ethereum’s price in the last 24 hours. The involvement of prominent asset managers like BlackRock and Fidelity adds further credibility, attracting institutional investors.