The market could even see the launch of new crypto ETFs, including a Solana ETF and an ETF with mixed exposure to Bitcoin and Ether, according to prominent ETF analyst Balchunas.
The market could even see the launch of new crypto ETFs with mixed exposure to Bitcoin and Ether, according to prominent ETF analyst Balchunas. The launch of the first spot Ether exchange-traded funds has opened the floodgates for more crypto exchange-traded products, including a potential Solana-based ETF.
“Keep in mind after launch there are flows and then add'l ETH products I'm sure, then Solana, and then... it's probably never going to end. The dam has broken.”According to Balchunas, the Commission instructed issuers to submit their final S-1 filings by July 16, targeting a launch for the new funds on July 23. The final filings must include the fees issuers plan to charge in their new crypto funds. On May 23, the agency approved issuers' 19-b form proposing rule changes that would allow the crypto-based investment vehicles. Asset managers now need approval for their initial securities registration S-1 forms. The upcoming Ether ETFs could contribute to Ether’s price appreciation, which has been in an over one-month downtrend from the end of May. Ether price reversed from its month-long downtrend on July 8, after forming a local bottom just above the $2,800 mark, according to CoinMarketCapFollowing the launch of the first ETH ETFs, we could see the debut of ETFs with exposure to multiple cryptocurrencies. This is “100%” a possibility, wrote Balchunas, after being asked about the likelihood of asset managers filing for ETFs with mixed Bitcoin and Ether exposure:How ETFs are reshaping the crypto markets. Source: CointelegraphStop piling into leveraged Bitcoin ETFs and consider this instead
Please follow us on Google to support us United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ether Spot ETFs to Attract $15B of Net Inflows in First 18 Months: BitwiseWill Canny is CoinDesk's finance reporter.
Read more »
Ether Spot ETFs Could See $5B of Net Inflows in the First Five Months: GalaxyWill Canny is CoinDesk's finance reporter.
Read more »
Bitcoin ETF issuer VanEck files for Solana ETF in the USBitcoin ETF issuer VanEck has filed for a Solana (SOL) ETF with the U.S. SEC, declaring that SOL is a commodity like Bitcoin and Ether.
Read more »
Ether to Hit $6.5K Later This Year Driven by Inflows Into Spot ETFs: AnalystWill Canny is CoinDesk's finance reporter.
Read more »
VanEck files for Solana ETF, Ether supply inflates, and more: Hodler’s Digest, June 23-29VanEck seeks approval for Solana ETF, the ETH supply rises 73 days in a row, and Satoshi-era wallet moves Bitcoin.
Read more »
Ether ETFs will only be a ‘sidekick’ to Bitcoin ETFs: Bloomberg analystBloomberg analyst Eric Balchunas suggests Ether ETFs will be overshadowed by Bitcoin ETFs, predicting lower inflows for the upcoming Ether ETF launch.
Read more »