SEC Approves first Spot ETH ETFs

24 mag

1. SEC approves spot ETH ETFs: After months of speculation, the SEC formally approved the first spot ether ETFs on Thursday. The development sets the stage for institutional investors to pour billions into the space.
   
   
2. Grayscale CEO departs: Grayscale CEO Michael Sonnenshein announced Monday he was leaving his role after three years running the crypto investment giant. A Goldman Sachs veteran is expected to take his place in August.
   
   
3. White House opposes crypto legislation: The White House announced Wednesday its opposition to FIT21, a bill that would give the Commodities and Futures Trading Commission (CFTC) power to regulate the crypto market. But the White House doesn't plan to veto.
   
   
4. Gala Games experiences a major issue: It led to the minting of 5 billion tokens worth 206M and caused a nearly 15% drop in the GALA token price.
   
   
5. Major banks reveal significant Bitcoin Trust Holdings in Q1: Morgan Stanley, JPMorgan, Wells Fargo, and UBS have shown a growing interest in digital assets within wealth management.
   
   
6. Venezuelan government will disconnect crypto mining farms from the national grid: They made the move to stabilize the electrical supply after enduring routine blackouts for the past five years.
   

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