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Ethereum ETFs may not cause upward surge in ETH price as many expect
Ethereum's (ETH) price increased over 4% in the past 24 hours after the Securities & Exchange Commission (SEC) dropped its Ethereum 2.0 investigations amid expectations of spot ETH ETFs. However, the recent excitement surrounding ETH ETFs may not lead to the expected price increase. Bitwise filed an updated S-1 draft for its spot ETH ETF with the SEC after the agency commented on issuers' initial S-1 filings last week. The filing disclosed that asset manager Pantera Capital will purchase $100 million of the ETF shares when it launches. Bloomberg analyst Eric Balchunas had earlier shifted his over/under date ... (full story)