Today, Ethereum ($ETH), the world’s second-largest cryptocurrency, experienced a modest gain of 0.7% as it grappled with breaking out from the $2200 zone. Despite ongoing efforts, ETH continues to face resistance at this critical price level. In recent developments, Grayscale Investments’ bid to transform its Ethereum trust product (ETHE) into an exchange-traded fund (ETF) was met with a postponement by the U.S. Securities and Exchange Commission (SEC). This decision mirrored the SEC’s response to BlackRock’s ETF application just a day earlier, signaling regulatory caution surrounding Ethereum-related investment vehicles. The SEC has extended the deadline for a verdict on BlackRock’s proposed
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