The eight recently launched spot Ethereum (ETH) exchange-traded funds (ETFs) posted nearly $600 million in volume during the first half of their first day, according to data from Bloomberg. Grayscale’s Ethereum Trust (ETHE) led the race with $250 million in traded shares by 12:30 pm ET, followed by BlackRock’s iShares Ethereum Trust (ETHA) with approximately …
The Launch of Ethereum ETFs The launch of Ethereum ETFs is a significant milestone for the crypto market. The demand generated by these ETFs could push Ethereum’s price to $5,000, $10,000, or even $20,000 by the end of next year. To understand the potential impact, let’s look at the effects of Bitcoin ETF approvals, the …
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CBOE announced that five spot Ethereum ETFs, including funds from Fidelity and VanEck, will be listed on the exchange on July 23. This follows CBOE posting new issue notifications as part of the ETF launch procedure. Firms aiming to launch their spot Ethereum ETFs received SEC approval of 19b-4 forms in May. However, they need …
BlackRock is poised to dominate the future Ethereum ETFs market by offering a fee of just 0.25%, significantly lower than many competitors. This bold strategy has the potential to revolutionize the industry and bring substantial benefits to investors. The surge in volume can take place with big institutions eyeing big moves. Read more about it …
Institutional optimism regarding Ethereum has surged with news of potential Ethereum Spot Exchange-Traded Funds (ETFs) on the horizon. Unlike retail investors, institutional investors are showing greater enthusiasm for the crypto asset. This heightened institutional optimism can be attributed to several factors. This includes higher trading volumes that signal a strong belief in Ethereum’s long-term potential. …
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Fidelity has updated its S-1 filing for a spot Ethereum ETF, as per documents submitted to the U.S. Securities and Exchange Commission (SEC) on Friday. The asset management firm is the first to amend its S-1 Registration Statement with the SEC, signaling the start of what ETF analysts predict could be a busy period for …
The US Securities and Exchange Commission (SEC) has concluded its investigation into Ethereum 2.0 and will not pursue legal action regarding ETH sales as securities transactions, according to a recent announcement from Consensys. Despite this positive development, Consensys emphasized the ongoing need for clear regulatory guidelines, especially for services like MetaMask Swaps and Staking. The …
As the cryptocurrency market continues to evolve, investors and enthusiasts are eagerly anticipating the next bull run. While there are numerous digital assets that have the potential to surge in value, Ethereum and Bitcoin are widely regarded as the biggest gainers in the upcoming market rally. Ethereum, often referred to as the world’s computer, has …
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