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Beware: Uniswap Now Hosting a Dubious Meme Token
Amidst the Ethereum ETF speculation frenzy, a surge in dubious coins and new assets targets investors caught up in the hype. A new token on Uniswap seems to fit this pattern, with its name indicating a reliance on potential Ethereum ETF approval news to boost its value. 
Victory in court against the SEC enables Grayscale to transform its Bitcoin Trust (GBTC) into an ETF. This development sent Bitcoin soaring past the $27,000 milestone.
Within a 45-day period, the SEC can petition for a rehearing. Once this time elapses, the court will deliver a final mandate specifying the future course of action. 
In its latest report, American bank JPMorgan has noted that the U.S. Securities and Exchange Commission (SEC) might find itself facing legal challenges from applicants if it decides to deny the approval of spot Bitcoin Exchange Traded Funds (ETF) applications. 
ProShares' new initiative is centered on its Short Ether Strategy ETF, an instrument shaped to profit from ETH's downward price movements. This initiative may draw investors interested in volatile market actions or in search of hedging opportunities. With its registration expected to be in place by October 15th, the ETF's debut is planned for the onset of November. 
Eric Balchunas from Bloomberg, a seasoned ETF Analyst, estimates a 90% chance of the first Ether Futures ETF receiving approval come early October.
According to him, Valkyrie Funds is set to lead with its application, with a series of affirmative decisions expected to follow.
“The spot ETF remains in limbo,” Balchunas points out. 
Investment fund Pantera Capital has forecasted a boost in Bitcoin's price following the forthcoming halving in April 2024, a pattern observed in the past.
With historical trends as a basis, they anticipate Bitcoin will hit $35,000 before the halving and surge to $148,000 by 2025.
Decisive events, like a positive court verdict for XRP and the greenlight for BlackRock's spot Bitcoin ETF, are expected to shape these potential outcomes.