Ether ETF Frenzy: Memecoins Explode, Investors Eye SEC Decision

Fate of Spot Ether ETFs Uncertain as Deadline Nears, VanEck's Proposal Leads

As the May 23rd deadline for the first proposed spot Ether ETF approaches, the fate of these financial products remains uncertain. VanEck's proposal leads the pack, and despite the ambiguity, recent actions by issuers suggest they are preparing for a potential green light from regulators.

Memecoins Pepe and Floki Inu Prices Surge Amid Speculation of Regulatory Approval for Ether ETFs

Amidst growing speculation that regulators may be softening their stance on spot ETH ETFs, Ethereum-based memecoins have witnessed a significant price surge alongside ETH tokens.

SEC Actions Hint at Potential Green Light for Ether ETFs, Impacting Broader Crypto Market

Reports that the SEC has requested that at least three U.S. firms revise their applications for listing spot Ether ETFs have further fueled bullish sentiment in these memecoins.

Pepe (PEPE) led the rally, rising 29% in the past 24 hours, as per data from CoinMarketCap, while LADYS surged approximately 25%. On the other hand, Shiba Inu (SHIB) saw a modest gain of 3%, while Ether (ETH) itself increased by around 4%, …

The post Ether ETF Frenzy: Memecoins Explode, Investors Eye SEC Decision appeared first on Coin Edition.