Ethereum Price Prediction: As Grayscale Pulls Its Ether Futures ETF, This Learn-To-Earn Crypto Offers A 1,533% Staking Reward
The Ethereum price dropped 1% in the last 24 hours to trade at $2,790 as of 02:56 a.m. EST on trading volume that plunged 13% to $11.7 billion. This comes as Grayscale, a leading cryptocurrency asset manager, has unexpectedly withdrawn its application for an Ethereum futures ETF (exchange-traded fund), just weeks before the Securities and Exchange Commission (SEC) was set to decide on it. UPDATE This is interesting. @Grayscale just withdrew their 19b-4 filing for an #Ethereum futures ETF. This was essentially a trojan horse filing in my view, in order to create the same circumstances that allowed Grayscale to win the $GBTC lawsuit (approve futures deny spot) pic.twitter.com/Kihj2dlQx1 — James Seyffart (@JSeyff) May 7, 2024 The regulatory uncertainty created by the withdrawal is influencing market sentiment, with traders taking short positions on Ethereum. Ethereum Price Set For A Bullish Rally Over The Falling Wedge ETHUSD Chart Analysis Source: Tradingview.com The Ethe...