2024-07-09 23:59:53
Finance
Blockchain

Wall Street prepares for Ethereum ETF launches, signaling growing mainstream acceptance of crypto

Image used under license from Shutterstock.com

Multiple applications for spot ether exchange-traded funds (ETFs) have been filed this year, reflecting the increasing interest in these investment vehicles for Ethereum. The U.S. Securities and Exchange Commission (SEC) is expected to approve these ETFs by the end of the summer, allowing them to be traded on Wall Street.

Major asset managers like BlackRock, Fidelity, VanEck, and Grayscale are among the companies looking to launch spot ether ETFs. This approval is seen as a significant milestone in the crypto industry, indicating the growing acceptance of digital assets in the mainstream.

It not only benefits Ethereum but also paves the way for wider adoption of cryptocurrencies and blockchain technology in various sectors. Additionally, the launch of Ethereum ETFs is expected to attract significant inflows, with some analysts predicting a $5 billion wave of investments.

As competition among issuers heats up, management fees for these ETFs are being set, with Invesco and Galaxy charging 0.25%. While the approval of spot Bitcoin ETFs has opened the door for other cryptocurrency ETFs, the chances of approval for a Solana ETF are still uncertain due to regulatory concerns.

Overall, the launch of Ethereum ETFs is generating excitement and optimism in the crypto market, leading to a rally in prices for Ethereum and other major cryptocurrencies.

The press radar on this topic:

TheStreet Crypto: Bitcoin and cryptocurrency news, advice, analysis and more
13. Juli 2024 um 16:44

Wall Street braces for Ethereum ETF launches this summer

Finance
Cryptocurrencies & blockchain
Technology
Multiple applications have been filed for spot ether exchange-traded funds (ETFs) this year, reflecting growing interest in the new investment vehicles for the world's second-largest cryptocurrency. The U.S. Securities and Exchange Commission (SEC) is expected to give full approval for ether ETFs this summer, allowing the new investment products to begin trading on Wall Street imminently. Companies looking to launch a spot ether ETF this summer include BlackRock, Fidelity, VanEck, Franklin Templeton, 21Shares, and Grayscale.
TheStreet Crypto: Bitcoin and cryptocurrency news, advice, analysis and more
10. Juli 2024 um 23:09

Spot ether ETFs will gain final approval by ‘end of summer,’ says SEC chair Gary Gensler

Finance
Spot ether exchange-traded funds (ETFs) are expected to gain final regulatory approval by the end of the summer, according to SEC chair Gary Gensler. Several major asset managers are awaiting SEC approval to trade these ETFs on U.S. stock exchanges, with anticipation generating market excitement around ethereum funds.
TheStreet Crypto: Bitcoin and cryptocurrency news, advice, analysis and more
13. Juli 2024 um 16:44

Ethereum ETF approval signals growing mainstream acceptance of crypto

Finance
Cryptocurrencies & blockchain
The approval of a spot ethereum exchange-traded fund by the U.S. SEC is seen as a significant milestone in the crypto industry, indicating growing mainstream acceptance of digital assets. Experts stress that this move not only benefits ethereum but also paves the way for wider adoption of cryptocurrencies and blockchain technology in various sectors.
CoinDesk
9. Juli 2024 um 17:30

What Still Needs to Happen Before Spot Ether ETFs Can Trade Following BTC Stories you may have missed This week Elsewhere:

Finance
Cryptocurrencies & blockchain
The article discusses the potential launch of spot ether exchange-traded funds (ETFs) in the U.S. market. It highlights that the U.S. Securities and Exchange Commission (SEC) seems poised to approve these ETFs, which could happen as soon as this week or in the next few weeks. However, there are still some steps that need to be completed, such as the issuers submitting final amended filings with fee information and the SEC providing feedback. The article also suggests that the approval process could follow a similar timeline to the spot bitcoin ETFs approved in January, potentially leading to a Friday approval and quick trading launch afterward.
CW

Account

Waiting list for the personalized area


News-Podcast

The most important news of the day to listen to.

Welcome!

InfoBud.ai

infobud.ai is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision!