Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Economic Indicator

Breaking: SEC approves spot Ethereum ETFs after shocking U-turn

Source Fxstreet

The US SEC approved spot ETH ETF applications on Thursday after initial delays.
SEC surprisingly began to engage with issuers on Monday after weeks of silence.
Ethereum may set a new all-time high as Bitcoin did after ETF approval.

The US Securities & Exchange Commission (SEC) approved 19b-4s filings of spot ETH ETFs on Thursday after several weeks of silence towards issuers.

SEC approves spot ETH ETF amended filings

The SEC approved 19b-4s filings of spot ETH ETFs on Thursday after asking exchanges to submit amended filings on Monday. The approval comes after weeks of silence from the SEC towards ETF applications.

The SEC would also have to approve S-1s applications — which may take some weeks — before the ETFs officially launch.

Here's the link for everyone asking https://t.co/mzOPL1EZqC pic.twitter.com/4ZRQY0Y6vk
— James Seyffart (@JSeyff) May 23, 2024

After the SEC approved spot Bitcoin ETFs in January, many expected the agency also to greenlight applications for spot ETH ETFs. However, the SEC reportedly refused to engage with issuers, postponing applications on several occasions. Unlike its approach with spot Bitcoin ETFs, where it was in constant contact with issuers, the SEC's silence led many to believe it wouldn't approve spot ETH ETFs. As a result, Bloomberg analysts Eric Balchunas and James Seyffart tagged approval odds of the ETFs at 25%.

In addition, Ethereum infrastructure provider Consensys court filings showed that the SEC was considering declaring ETH as a security after launching investigations into Ethereum-related firms.

However, the SEC surprisingly began engaging with issuers on Monday, asking exchanges to submit amended 19b-4s filings. As a result, Balchunas and Seyffart increased their approval odds to 75%, terming the move as largely political and possibly spurred by US President Joe Biden after Presidential candidate Donald Trump's pro-crypto speech.

What the Ethereum ETF approval mean for investors

Considering Bitcoin's run to a new all-time high and the general market rally following its ETF approval in January, several experts predict spot ETH ETF will have a similar effect. Specifically, many expect DeFi tokens to be among the largest gainers alongside Ethereum in the next couple of weeks.

Matthew Sigel, Head of digital assets at Van Eck, predicts that yield across staking protocols would skyrocket as ETH leaves the ecosystem into these ETFs. However, this could also have security consequences for the broader Ethereum ecosystem. Some analysts have predicted that spot ETH ETFs inflows would be tiny compared to Bitcoin as most investors won't want to miss out on staking rewards. A recent analysis by CCData sheds light on this take:

"Hypothetically, if you had opened a 1000 ETH position on January 1st, 2023 with an ETF provider, instead of holding native Ether, which accrues staking rewards, you would have missed out on gains of over $200,000."

(This is a developing story and will be updated as we get more information.)

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

The Fed will sit still on October 28 — but 100 of 100 economists now expect a December hike A Reuters poll run October 16-20 found 94 of 100 economists expecting the Fed to hold at 3.75-4.00% on October 28 — and all 100 expecting a hike in December, against less than half a month earlier. The market is close to the same price, with CME FedWatch at roughly 17% for October and 82.8% for December. With the Fed in blackout since October 17, here are the five dates that decide the rest of the year, what each one is priced for, and the two directions each can take.

Author Irene Q.

Oct 22, Thu

A Reuters poll run October 16-20 found 94 of 100 economists expecting the Fed to hold at 3.75-4.00% on October 28 — and all 100 expecting a hike in December, against less than half a month earlier. The market is close to the same price, with CME FedWatch at roughly 17% for October and 82.8% for December. With the Fed in blackout since October 17, here are the five dates that decide the rest of the year, what each one is priced for, and the two directions each can take.

Nasdaq closes at 26,008.86 — 8.9 points above 26,000, and the credit market never blinked The Nasdaq Composite fell 2.60% to 26,008.86 on October 22, its worst session since June, as Meta sank 6.98% on 2026 capex guidance of $135–145 billion. But the equal-weight S&P 500 rose 0.73%, high-yield credit was flat and 10-year yields fell 20 basis points. This was an AI de-rating, not a risk-off event — here is the transmission chain, the 29,000 / 28,200 levels and what would prove it wrong.

Author Irene Q.

Oct 23, Fri

The Nasdaq Composite fell 2.60% to 26,008.86 on October 22, its worst session since June, as Meta sank 6.98% on 2026 capex guidance of $135–145 billion. But the equal-weight S&P 500 rose 0.73%, high-yield credit was flat and 10-year yields fell 20 basis points. This was an AI de-rating, not a risk-off event — here is the transmission chain, the 29,000 / 28,200 levels and what would prove it wrong.

Brent tops $113 on Saudi supply risk — but the diesel line in the EIA report is the tell Brent's December contract settled at $113.17 on October 22, up 4.00% and the highest close since May 4, after Saudi Arabia restricted refined-product shipments. The same session's EIA report showed crude stocks down 3.06 million barrels and gasoline down 2.95 million — but distillates built 1.68 million. That single line decides whether $113 holds: here are the data, the 108.8 / 114.0 / 119.3 levels and the two scenarios.

Author Irene Q.

Oct 23, Fri

Brent's December contract settled at $113.17 on October 22, up 4.00% and the highest close since May 4, after Saudi Arabia restricted refined-product shipments. The same session's EIA report showed crude stocks down 3.06 million barrels and gasoline down 2.95 million — but distillates built 1.68 million. That single line decides whether $113 holds: here are the data, the 108.8 / 114.0 / 119.3 levels and the two scenarios.

Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - October 26, 2026 Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 26, 2026. Read on for the details.

Author Mitrade

7 hours ago

Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 26, 2026. Read on for the details.

Gold breaks $4,000 as oil becomes the inflation problem — $3,943 is the line that matters Spot gold closed at $3,995.6 on October 23, down about 4.1% for the week and at its lowest since mid-July, and traded near $3,988 on October 26 even as Brent crude settled at $116.72 and Middle East supply risk stayed elevated. The war premium stopped working because oil is now the inflation trade: December Fed hike odds are 68.9% and the 10-year yield is 4.988%. Here are the three numbers, the transmission chain, and the July low at $3,943 that decides whether this is a bottom or a bigger correction.

Author Irene Q.

2 hours ago

Spot gold closed at $3,995.6 on October 23, down about 4.1% for the week and at its lowest since mid-July, and traded near $3,988 on October 26 even as Brent crude settled at $116.72 and Middle East supply risk stayed elevated. The war premium stopped working because oil is now the inflation trade: December Fed hike odds are 68.9% and the 10-year yield is 4.988%. Here are the three numbers, the transmission chain, and the July low at $3,943 that decides whether this is a bottom or a bigger correction.

Popular Symbols