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00:00 After the US Treasury and Treasury Committee agreed to create ETFs to trade Bitcoin at
00:09 the current prices, it seems that the hopes are rising again.
00:13 But this time, to issue ETFs to trade Ethereum at the current prices, how will the ETH currency
00:22 react to this?
00:24 Yesterday, May 20, we noticed that the currency saw an increase of 20% to 100% and reached
00:31 its highest levels in 18 months and recorded levels at about $3680.
00:39 Today, the ETH currency continues to rise and we notice that it has reached $3700.
00:48 For this framework, we even remember that today the ETH rally started at the beginning
00:54 of the current year.
00:56 The currency rose by 60% since the beginning of 2024.
01:00 Today, following the SEC Committee's agreement to create ETFs to trade ETH at the current
01:10 prices, it seems that this currency can continue to rise.
01:16 In this framework, we remember that today the SEC Committee requested updates to the
01:20 ETFs from the ETFs and this is a positive indicator of the performance of this currency.
01:27 We also remember that among the financial institutions that are waiting for the SEC Committee's
01:34 approval, we are talking about BlackRock and ARK Invest.
01:38 In this framework, we also remember that previously Hong Kong agreed to issue circulating
01:44 Bitcoin and Ethereum at the current prices, but this did not affect the performance of
01:50 the currency positively.
01:51 Today, the US has agreed with the SEC Committee on the ETFs circulating at the current prices
01:59 of the ETH currency.
02:01 How much will this affect the performance of the cryptocurrency market for 2024?
02:08 in.
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