Five Ethereum ETFs, including Fidelity and VanEck, are set to launch on July 23rd on the CBOE exchange. Firms have disclosed their fee amounts, with some waiving fees for a limited time. The SEC’s approval of the Ethereum ETF coincides with the biggest Bitcoin conference, and all eyes are now on the potential launch of a Solana ETF.
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Bitcoin Surges Over 3% Despite Sell-Off Events; Altcoins Follow Suit
Bitcoin prices surged over 3% to reach USD 65,758, driven by increased investor interest and positive sentiment following an event related to US presidential candidate Donald Trump. Major altcoins like Ethereum, XRP, and others also saw gains, contributing to an overall optimistic sentiment in the crypto market. Despite Mt. Gox’s significant BTC movement, Bitcoin remained stable above the $65K mark. Bulls are now eyeing the $71,500 level as key resistance.
read moreRipple Donates $1 Million to Defeat Crypto Critic Elizabeth Warren
Ripple Labs has donated $1 million to support the campaign of a Republican challenger to Sen. Elizabeth Warren, a prominent critic of cryptocurrency. The company’s contribution accounted for over 95% of donations to the PAC last quarter, reflecting the crypto industry’s efforts to influence political races. Warren’s history of opposition to crypto has prompted significant backing from crypto firms in an attempt to sway government leadership at the federal level.
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