SEC Approves Ethereum ETFs Trading

The Securities and Exchange Commission (SEC) made a decision – they are going to approve the S-1 registration statements of spot Ethereum ETF issuers. Even though the SEC approved some filings in late May, the issuers needed the S-1 registration to be approved for the product to go live.

This announcement failed to have a positive impact on ETH’s price, as it’s been down by 2.5%. But don’t let that fact cloud your judgment—Ethereum still reigns supreme in many industries, such as gambling. 

Ethereum is a good investment for crypto players who are looking to make swift and low-cost transactions. ETH has minimal fees, and it’s less volatile than Bitcoin. As most gamblers know, volatility is an important factor when choosing which cryptocurrency you want to use for casino games. 

Since, generally speaking, that’s either going to be Bitcoin or Ethereum, it’s good to become familiar with all of your options before making the final call. If you decide to gamble with ETH, you can do so in one of many Ethereum casinos that come with quick transactions, excellent games, and superior customer support. Such casinos can be found by visiting https://99bitcoins.com/best-bitcoin-casino/best-ethereum-casinos/ or through a thorough Google search.

That being said, if you do opt to use Ethereum when playing in the best online casinos, experts believe you’ll be making a good decision. Analysts predict that ETFs could attract up to $5 billion in inflow over the course of six months. Traders believe that this staggering inflow will result in a price that will reach a new all-time high. According to them, the price of Ethereum should reach around $5,627.

Up until this moment, Ethereum reached its all-time high price on November 10th, 2021. At that point in time, the price of one ETH was $4,878. By looking at the history of Ethereum’s prices, it’s also evident that the cryptocurrency reached its all-time low on October 20th, 2015, when it cost crypto enthusiasts only $0.433 to purchase one ETH.

As for ETH’s price at the present moment, it ranges between $3,405 and $3,493. This doesn’t come close to the price of one BTC, which currently sits at $66,753. Even though Ethereum has less market cap and volume, it’s still a more stable currency than Bitcoin.

Besides its price, Ethereum has a lot to offer, and even a trillion-dollar asset manager BlackRock agrees. During his press release, he clearly stated that the appeal of Ethereum can be found in its decentralized nature and its potential to cause a revolution in industries such as finance.

Ethereum also comes complete with its own programming language, which has laid the foundation for fraud prevention and greater security. All cryptocurrencies are safe, as they don’t involve any interference from a third party; however, Ethereum’s tried and tested network allows private transactions and gives access to the dApp ecosystem, making it a superior option to most other digital assets.