Umoja will use the funds to democratize retail access to digital investment strategies through its smart money protocol.
However, while spot Ether ETF applications could see further delays, approval is just a matter of time, according to the CEO of Umoja.
“What makes it difficult for institutions to position themselves advantageously with Bitcoin, Ether and cryptocurrencies generally is that they can’t facilitate the same market manipulating functions as with previous commodities. You can’t create paper Bitcoin like you can create paper gold.”Bloomberg ETF analyst James Seyffart expects the current Ether ETF approvals to be declined in late May, according to a March 19 X post.on the Hashdex and ARK 21Shares spot Ether ETFs on March 19.
“Whether it gets approved in May or in December, it’s inevitable… I wouldn’t understand why it wouldn’t be approved, particularly given that even the SEC’s perspective on Ether has been increasingly one of it being a commodity rather than a security.” According to Greenfield, enabling retail access to smart investment strategies is important because individual investors have had less access to wealth management tools than institutions.
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 ETFs Could Be Bigger Than Bitcoin ETFs, Says VanEckHelene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
Read more »
Why Bitcoin’s Surge Could Be A Boon, Or Trap, For New Ether ETFsI am director of research for digital assets at Forbes and editor of Forbes CryptoAsset & Blockchain Advisor. Prior to this I was at Kraken, a cryptocurrency exchange based in the U.S.
Read more »
Ether ETFs Likely Won't Get Approved in May, Bloomberg Analyst PredictsHelene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
Read more »
Bitcoin, Ether fall while spot bitcoin ETFs log record outflowsThe price of bitcoin and ether dropped to its lowest point in the past two weeks as spot bitcoin ETFs saw record outflows earlier this week.
Read more »
Bitcoin, Ether Rally Continues; Earn Alliance CEO on the Future of Web3 GamingBitcoin (BTC) surged above the $57,000 level, hitting its 2-year high since November 2021 as the ongoing rally picks up steam. Ether (ETH) has also jumped above $3,200, following an 11% spike in the past week. Plus, Earn Alliance CEO and co-founder Joseph Cooper shares the latest update in Web3 gaming.
Read more »
Bitcoin, Ether Rally Continues; Earn Alliance CEO on the Future of Web3 GamingBitcoin (BTC) surged above the $57,000 level, hitting its 2-year high since November 2021 as the ongoing rally picks up steam. Ether (ETH) has also jumped above $3,200, following an 11% spike in the past week. Plus, Earn Alliance CEO and co-founder Joseph Cooper shares the latest update in Web3 gaming.
Read more »