Tag: Spot ETH ETF

Bitcoin exchange-traded funds (ETFs) saw positive inflows totaling $192.56 million after days of massive outflows.

Recently launched Ether ETFs have generated around $1.08 billion in cumulative trading volume on their first day.

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."

One significant update to the Bitwise S-1 form is the waiver of the sponsor fee for the first $500 million in assets.

In their July 2 report, analysts from K33 Research, Vetle Lunde and David Zimmerman described the Ether ETFs as a "golden egg" for ETH.

Fidelity intends to fund its next "Fidelity Ethereum Fund" with $4.7 million, indicating a strong belief in cryptocurrency.

The two asset management firms will continue to work together on the ARK 21Shares Bitcoin ETF, which was launched in January.

Franklin Templeton revealed, "The fees of the Sponsor accrue daily at an annualized rate equal to 0.19% of the net asset value of the Fund."

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 ad from VanEck quickly gained traction, amassing over 1,300 reposts and 312,000 views at the time of writing.

If the S-1 forms are signed off as expected, analyst predicts that spot Ether ETFs will attract 20% of the inflows seen by spot Bitcoin ETFs.

The SEC approving spot Ether ETFs coincides with the US House of passing the Financial Innovation and Technology for the 21st Century Act. 

The amendments filed by asset managers like BlackRock and Grayscale primarily address the removal of provisions related to staking.