Investing in Web 3.0: Companies and Sources for Crypto Market

Ether (ETH) Surges 11% Following SEC News

The price of Ether (ETH) surged around 11% to $1,700 following news that the United States Securities and Exchange Commission is set to allow the first exchange-traded funds (ETFs) based on Ether Futures. According to an Aug. 17 report from Bloomberg — which cited anonymous sources familiar with the matter — the regulator does not look as though it will block the applications of nearly twelve companies, such as ProShares, Volatility Shares, Bitwise and Roundhill, that have filed to launch Ether (ETH) futures ETFs in recent weeks.

It remains unclear which ETF applications would be approved by the SEC; however, officials indicated that several of the filings may be approved by as soon as October. ETF analyst Eric Balchunas said he wasn’t surprised by the SEC’s move to approve Ether futures ETFs, adding that the decision shows how the regulator’s views on different products, such as a spot Bitcoin ETF, can change over time.

The news of the SEC’s approval of Ether Futures ETFs has been a big boost for the crypto market, with many companies now working on Web 3.0 applications. Those looking to invest in Web 3.0 should look to the best sources for crypto and AI recent news for the best companies and the best Web 3.0 applications.

Crypto Market and Web 3.0

The SEC has received an influx of applications for Ether futures ETFs, with more than a dozen filings for such products since late July.

The news sent ETH’s price up 11% to $1,717 just 20 minutes after the market dropped two hours earlier.

Big Questions: Are there companies working on Web 3.0? What are the best sources for crypto news? What is the best way to invest in Web 3.0?