The Latest Breaking News from Eric Balchunas

Applying issuers for a spot ETH ETF have reportedly started working on the "reasonable" comments provided by the SEC regarding their S-1 filings, signaling positive progress in the approval of the much-anticipated funds.

BlackRock's IBIT remains the top choice for investors dabbling into the spot Bitcoin ETF space, as it made up for most of the inflows into the crypto subsector in May.

Several spot Ether ETF applicants have submitted updated 19b-4 filings, suggesting that the SEC has finally provided comments on the applications and triggering a wave of optimism in the crypto industry for the funds that, unlike Bitcoin, have had a more difficult road toward approval.

The SEC appears to have made a sudden change of heart as it reportedly informed exchanges that it was leaning toward approving the much-anticipated spot Ether ETFs.

Ethereum soared Tuesday on rumors of SEC 180 on ETF approvals. Bitcoin price reverses after nearing $72,000.

Ether passed $3,700 Monday, having been stirred by talk in the crypto industry regarding supposed progress in getting spot ETH ETFs approved.

More than 900 firms at least $100 million in size bought into spot Bitcoin ETFs.

Michael Sonnenshein spent 10 years at Grayscale. He's set to step down effective Aug. 15.

BlackRock's IBIT retains popularity both in the retail and institutional realms as it was revealed that during the 13F filing season, 414 holders disclosed they purchased the spot Bitcoin ETF.