Recently launched Ether ETFs have generated around $1.08 billion in cumulative trading volume on their first day.
Asset management firm Bitwise has pledged a total of 10% of its Ethereum ETF profit to support developers within the ecosystem
Five spot Ethereum exchange-traded funds (ETFs) scheduled to premiere on the Chicago Board Options Exchange (CBOE) on July 23.
Spot ether exchange-traded funds (ETFs) in the U.S. are set to launch soon but a recent Citi report suggests that net inflows may be weak.
On June 25, the United States SEC Chair Gary Gensler stated that the Ether ETFs launch is "going smoothly."
In their July 2 report, analysts from K33 Research, Vetle Lunde and David Zimmerman described the Ether ETFs as a "golden egg" for ETH.
Analyst Eric Balchunas said that spot Ether ETFs will be approved around July 4, suggesting that an earlier approval would be a long shot.
The Grayscale Ether fund (ETHE), which currently holds an AUM of $11 billion, could experience outflows if it follows GBTC's pattern.
The United States Securities and Exchange Commission (SEC) is on track to approve spot Ethereum ETF, a move that can drive price growth
The amendments filed by asset managers like BlackRock and Grayscale primarily address the removal of provisions related to staking.
Prometheum announced its intention to classify Ether as a security upon the launch of its custodial services.
Ethereum ETF proposal from ARK 21Shares has welcomed another major update as the duo has removed the staking option in the former
The Hong Kong Securities and Futures Commission (SFC) has approved the spot Bitcoin and Ethereum ETF products
The decision on spot ETH ETF filing by VanEck is scheduled for May 23, along with several other pending applications from major players.
Bitwise CIO expressed concerns about the readiness of the market for a spot Ethereum exchange-traded fund (ETF).
Consensys highlighted ETH's PoS implementation, adding that its security measures, which not only meet but surpass those of BTC's POW system.
Bitwise is not alone in its pursuit of a spot ETH ETF, other firms like Fidelity, Hashdex, and ARK 21Shares are also awaiting SEC's approval.
There are eight proposed spot ETH ETF applications awaiting approval by the SEC, with hopes lingering for other altcoins to follow suit.
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