XRP Price Defying the broader market uptrend, the XRP price slipped slightly by 0.51% over the past day to reach $0.6123. Its 24-hour bottoms and peaks were recorded as $0.5962 and $0.6416, respectively. $XRP
Solana Price Meanwhile, the crypto SOL’s price saw a 2.86% jump to reach $157.24 today. Solana’s 24-hour low and tops were recorded as $151.74 and $163.18, respectively.
Whereas, the ETH price gained 11.03% as of writing to trade at $2,700.25. The coin’s 24-hour lows and peaks were recorded to be $2,411.83 and $2,721.95, respectively.
Ethereum’s market cap stood at $$324.75 billion today, a 10.38% increase from yesterday. $ETH #ETHETFsApproved
Bitcoin Price The BTC price illustrated gains worth 7.27% in the past 24 hours and is currently resting at $61,343.58. Its 24-hour bottoms and tops were $56,690.09 and $62,673.76, respectively.
Bitcoin’s dominance saw a 0.31% increase over the past day to 56.42%. This upswing comes against the backdrop of strong Bitcoin buying in the U.S., further accompanied by massive whale buying. $BTC
Prospective issuers of spot Ethereum exchange-traded funds (ETFs) are working to address the U.S. Securities and Exchange Commission's (SEC) comments on their S-1 forms, with the deadline set for this Friday.
Ethereum ETF Issuers Aim to Address SEC Comments by Friday These issuers received feedback from the SEC last week and are now re-filing their forms to meet regulatory requirements, according to two sources.
Although the SEC approved 19b-4 forms for these ETFs in May, S-1 forms still need to be finalized before trading can begin.
This process, which has no strict deadline, involves multiple rounds of revisions based on SEC feedback. Sources say the latest comments from the SEC are seen as “reasonable” and “mild.”
“I suspect people will be filing fairly quickly this week and then we'll see how many more turns the wheel needs to turn,” an issuer source said.
Reporting similar updates on social media, Bloomberg Senior ETF Analyst Eric Balchunas set the estimated launch date for these products at July 2, but noted that this was a best guess.
Issuers had initially submitted master drafts of their S-1 forms on May 31 and expected feedback the following week.
But the comments came after a two-week delay. The SEC did not give a specific timeline for approval of S-1 forms, only stating that it would occur sometime this summer.
SEC Chairman Gary Gensler noted that timing depends largely on how quickly issuers respond to the agency's feedback.
While the impact of Ethereum ETFs remains unclear, some analysts estimate they could capture up to 20% of the flows seen by Bitcoin ETFs.