Investing.com — Ethereum rose to a record intraday high on Monday as investors weighed in on reports that the Securities and Exchange Commission could issue a decision on approving U.S. spot ether exchange-traded funds as early as next week, CNBC reported Monday.
increased by 2% to 3018.80
Following the SEC’s approval of ETH spot 19b-4 filings from several issuers, including VanEck, ARK Investments/21Shares, and BlackRoc, on May 23, the regulator is now inching closer to making a decision on the second step in the regulatory process for approving Ethereum ETF registration statements, or Forms S-1.
Form S-1 is a key regulatory document that provides detailed information about the company and the spot-ether ETF product, such as risks, opportunities, financials, and other metrics that potential investors may find useful.
But even though the Ethereum ETF market seems to be in full swing, investor interest in the ETH cryptocurrency does not seem to be growing.
On-chain data from Glassnode showed a decline in ETH held in addresses of various sizes and an enhance in ETH flows to exchanges on July 8.
