The Latest Breaking News from VanEck

Spot Ether ETFs may have a long way toward S-1 approval, at least based on SEC Chair Gensler's latest remarks that it will all fall on whether applicants are "responsive" or not.

VanEck, an applicant for spot Ether ETFs, has set a price target of $22,000 for ETH by 2030, calling the Ethereum blockchain's native token a form of "Digital Oil."

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.

Would-be issuers of Ethereum ETFs are scrambling to meet the SEC's last-minute requests ahead of Thursday's deadline.

Crypto boosters are in a fine mood after a series of wins in Washington D.C., where one of their biggest antagonists saw her influence decline.

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.

The SEC is expected to reject spot Ether ETF applications next month, following recent meetings wherein the regulator's staff reportedly did not proactively engage with applicants.