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SEC Approves Spot Ether ETF, Marking Major Milestone for Cryptocurrency Markets

In a landmark decision, the U.S. Securities and Exchange Commission (SEC) has approved the first-ever spot Ether (ETH) exchange-traded fund (ETF), signaling a significant milestone for the cryptocurrency industry. This approval is set to open the door for broader institutional and retail investment in Ether, the second-largest cryptocurrency by market capitalization.

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In a landmark decision, the U.S. Securities and Exchange Commission (SEC) has approved the first-ever spot Ether (ETH) exchange-traded fund (ETF), signaling a significant milestone for the cryptocurrency industry. This approval is set to open the door for broader institutional and retail investment in Ether, the second-largest cryptocurrency by market capitalization.

The approval comes after years of anticipation and numerous applications from various financial institutions. The new spot Ether ETF will allow investors to gain direct exposure to Ether without having to purchase the cryptocurrency itself. This development is expected to attract a wave of new investors who have been hesitant to enter the crypto market due to its complexities and security concerns.

“Approving a spot Ether ETF represents a pivotal moment in the evolution of digital assets,” said Gary Gensler, SEC Chairman. “This move will provide investors with a regulated and transparent way to gain exposure to Ethereum, further integrating the cryptocurrency market with traditional financial systems.”

The decision follows the SEC’s recent approvals of several Bitcoin ETFs, reflecting a growing acceptance of cryptocurrencies within mainstream finance. Analysts predict that the introduction of a spot Ether ETF could significantly increase market liquidity and potentially drive Ether prices higher, as seen with Bitcoin ETFs.

Industry experts are hailing this approval as a crucial step toward the maturation of the cryptocurrency market. “The spot Ether ETF is a game-changer,” said crypto analyst Sarah Jensen. “It not only validates Ethereum’s utility and potential but also enhances investor confidence in the broader crypto ecosystem.”

The approved ETF will be listed on major exchanges, making it accessible to a wide range of investors. This accessibility is expected to democratize investment in Ether, allowing everyday investors to partake in the growth of the Ethereum network, which is known for its robust smart contract capabilities and vast array of decentralized applications.

This approval also underscores the SEC’s evolving stance on cryptocurrencies and digital assets. While regulatory scrutiny remains high, the SEC’s willingness to approve a spot Ether ETF indicates a recognition of the growing importance of these assets in the global financial landscape.

As the market reacts to this groundbreaking news, stakeholders across the cryptocurrency and financial sectors are preparing for the ripple effects of increased adoption and integration of digital assets. The approval of the spot Ether ETF is poised to set a precedent for future financial products tied to other cryptocurrencies, marking a new era of innovation and acceptance in the financial industry.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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