Understanding the Delay in Ethereum ETF Approvals and the Hype Behind InQubeta Presale

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Crypto is, by its very nature, complex. Due to this complexity, Ethereum Exchange Traded Funds (ETFs) are encountering a few unexpected delays in getting approval from the SEC, leading to some raised eyebrows and questions about how well crypto can be integrated into traditional financial services. 

This comes after all the hype surrounding the Bitcoin ETFs, which are currently gaining most of the attention.

Simultaneously, the hype around the presale is generating a respectable amount of attention too, enabling growing interest in new types of blockchain projects. The project has now raised over $8 million while still in stage six of its ten-part presale, so anything is possible for this coin.

Why the Delays in Ethereum ETF Approvals?

The SEC said it is instituting proceedings to determine whether to approve or disapprove the proposed rule change that would enable the shares of the products to be listed.

The United States Securities and Exchange Commission (SEC) has delayed its decision on whether to approve applications from several asset management firms for Ethereum exchange-traded funds (ETFs) till May 2024.

According to several filings, the securities regulator has issued delay orders for Ethereum ETF applications from Ark Invest/21Shares, VanEck, and Hashdex, who filed to launch Ethereum ETFs in September. While the VanEck and Ark Invest/21Shares products are designed to track the spot price of ether (ETH), Hashdex is looking to launch a mixed fund, combining spot and futures price movements.

The SEC said it is instituting proceedings to determine whether to approve or disapprove the proposed rule change that would enable the shares of the products to be listed. The filings are now open to public comments and will remain so for 35 days after the applications are published in the Federal Register.

The new filings come shortly after the SEC extended the deadlines for Ethereum ETF applications from Invesco/Galaxy Digital and Grayscale Investments. The former is looking to launch a fresh spot Ethereum ETF, while the latter intends to convert its Grayscale Ethereum Trust (ETHE) into a spot product.

Meanwhile, the crypto community anticipates the approval of about 13 applications for spot Bitcoin ETFs by January.

 

InQubeta Disrupting AI Startups… In The Best Way Possible

is currently considered to be one of the best crypto platforms out there when it comes to AI startup investments due to its unique offering of an innovative approach to crypto crowdfunding. InQubeta’s selling point is their fractional investment narrative, which is facilitated by their native QUBE tokens, making them the best crypto to buy for those interested in the AI tech sector.

QUBE is their deflationary ERC20 token and serves as the method of exchange on the InQubeta platform. Holding QUBE tokens comes with significant benefits. A portion of transaction fees, both for buying and selling QUBE tokens, is allocated to a burn wallet, reducing the total supply over time, making it one of the best coins to invest in. What’s even cooler is that these QUBE tokens can also be used for staking, which allows holders to earn rewards on their tokens. 

InQubeta has ambitious plans for expansion, and is planning to integrate with many new blockchain platforms very soon to enhance its investment ecosystem’s accessibility for all kinds of different users. These tokens also serve as governance tokens, giving holders a say in platform decisions, making it one of the best altcoins to invest in in 2024 due to its democratic and ever-evolving nature.

Conclusion

So, as BTC takes the limelight from ETH ETFs at the moment, we’ll just have to wait and see if ETH can reclaim attention after the dust settles. In an ideal world, most of these top 10 and top 50 cryptos get ETFs, as that is what will lead to the highest adoption and the highest prices.

Also, InQubeta is continuing to make headlines and raise its price targets for the year, with investor confidence rising alongside. Be sure to get involved with this project now before the prices get too high!

 

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