ETH Is Ready
![](/content/images/size/w2000/2024/05/image---2024-05-23T105511.508.png)
![](https://bankless.ghost.io/content/images/2024/05/Frame-50565.png)
View in Browser
Sponsor: Kraken — Sign up for an account and see what crypto can be.
Double down on Bankless and take advantage of our limited-time offer!
Subscribe today and save 15% monthly or 30% annually. Enhance your crypto strategy with exclusive insights only a Bankless membership can offer.
![](https://bankless.ghost.io/content/images/2024/05/Group-15--21--1.png)
- ✍️ Vitalik's new post. The Ethereum creator published an analysis on how L2s and sharding are more similar than many think.
Read more on Bankless.com - 🙈 Gensler still sees securities everywhere. The SEC Chair made new comments today ahead of the Commission's spot ETH ETF decisions.
Read more on Bankless.com - 🚫 House blocks CBDC work. The lower house of U.S. Congress just voted to block the Fed from issuing a CBDC.
Read more on Bankless.com
![](https://bankless.ghost.io/content/images/2024/05/image---2024-05-23T103647.412-1.png)
⌛ The moment of truth. Ethereum’s first final spot ETF approval deadline is today, but many crypto assets have dipped into the red ahead of this monumental decision. Was there anything to be gleaned from the early morning price action, and where does ETH go from here?
Prices as of 1pm ET | 24hr | 7d |
![]() |
Crypto $2.54t | ↘ 1.6% | ↗ 7.6% |
![]() |
BTC $68,087.04 | ↘ 3.0% | ↗ 4.2% |
![]() |
ETH $3,805.16 | ↗ 1.5% | ↗ 29.1% |
![](https://bankless.ghost.io/content/images/2024/05/image---2024-05-23T105511.508-1.png)
There’s been a huge shift in sentiment around ETH. It’s like the market is tipping its hand, suggesting that the approval of ETH ETF is a question of "when" rather than "if."
That said, the institutions are preparing to buy our ETH bags. Today’s article breaks down the fundamental reasons why ETH is primed for institutional adoption.
Let’s dive in!👇
Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.