Is the SEC on the Verge of Approving Spot Ethereum ETFs? The Crypto World is Buzzing!

M6 Labs Alpha Bytes 🚨: 22nd May

GM anon ☕🐺

In today’s Alpha Bytes👇

With the SEC shifting its stance, approval for spot Ethereum ETFs seems just around the corner. Applicants are rushing to submit their amended 19b-4 forms to the SEC. Meanwhile, WisdomTree just got the nod to list Bitcoin and Ether ETPs on the London Stock Exchange. The market's heating up, and it looks like we're in for a wild ride.

BTC $69,544 (-2.49%), ETH $3,669 (-3.35%), SOL $177.59 (-1.64%)

Project Updates 🔥

Threads 🧵

Crypto News 📰

  • JUST IN: Bitcoin and Ethereum ETPs approved for listing on the London Stock Exchange 

  • Grayscale has filed an updated 19b-4 filing for the ETH Mini Trust 

  • Spot Ethereum ETFs see abrupt progress but approval not guaranteed: @EricBalchunas 

  • Spot Bitcoin ETFs report 6th consecutive day of net inflows 

  • Gala Games Exploit: Hacker reportedly minted 5 billion $GALA 

  • Phantom announces acquisition of Bitski wallet 

  • Nancy Pelosi mulls supporting Republicans FIT21 crypto bill: Report 

  • SEC Chair Gary Gensler denounces crypto market ahead of House vote 

  • Donald Trump’s campaign to begin accepting donations through cryptocurrency 

  • Nearly $300 million in crypto short positions obliterated 

  • Crypto world hoping for a breakthrough in Washington 

  • Uniswap fights back against SEC as enforcement action continues 

  • Ethereum rally prompts over $300 million ETH inflow into crypto exchanges 

  • Aevo token jumps 10% following Binance Labs investment 

  • Ethereum-themed scam targets South Korean crypto community 

  • Coinbase plans to launch Gold and Oil futures in bid to lure new traders 

  • Paradigm leads $150 million raise for Web3 social media platform Forecaster 

  • Ethereum ETF confirmed? VanEck spot Ether ETF listed by DTCC

  • Freedom of Speech isn’t a “trump card” for Tornado Cash developers 

  • Nigeria reforms blockchain policy committee with fresh experts 

  • Coffeezilla calls out AI firm Rabbit over alleged NFT scam 

  • Worldcoin ordered to stop operations in Hong Kong 

  • John Bollinger warns of potential pullback amid Bitcoin price surge 

  • Open Campus (EDU) soars over 35% amid Animoca Brands intent to purchase more tokens 

  • Tether mints $1 billion USDT on Ethereum, forecasting an ETF approval 

  • US Prosecutors seek five to seven year sentence for FTX’s Ryan Salame 

  • Ethereum ETF applicants submit 19b-4 forms 

  • Jupiter Exchange announces launch of Giant Unified Market Initiative 

  • Investors eye Bitgert Coin for high returns as crypto surges 

Launches 🚀

Fundraise 💰

  • @aveoxyz (DeFi) - $TBD investment from Binance Labs 

  • @theblockless (Blockchain Service) $8 million pre-seed and seed led by @NGC_Ventures and M31Capital 

  • ELFi_xyz (DeFi) - $5 million strategic investment 

  • @Nexis_Network (Chain) $1 million private token sale investment from @castrumistanbul 

That's a wrap for today!

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