The new funds come about six months after the blockbuster debut for bitcoin ETFs.
While bitcoin is often pitched as a type of digital gold, ether is seen as a more a bet on the growth of the blockchain and crypto more broadly.Jaap Arriens | Nurphoto | Getty Images
"Ethereum is just a bit more confusing and unclear for individual investors, as well as institutional investors," said Sam Callahan, senior analyst at Swan Bitcoin. Both the cheapest and most expensive funds come from Grayscale, which is effectively converting its multi-billion dollar private ether fund into two ETFs with different price points.The price of ether is up more than 50% year to date but is roughly flat over the past month. The cryptocurrency does not seem to have enjoyed the same run-up in demand ahead of the fund launches that bitcoin saw in January.
Markets Blackrock Inc Ethereum/USD Coin Metrics Breaking News: Markets Investment Strategy Business News
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 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 »
Ether ETFs appear set to launch on Tuesday, six months after massive debut for bitcoin fundsThe new funds are expected to begin trading as soon as Tuesday.
Read more »
Ether ETFs appear set to launch on Tuesday, six months after massive debut for bitcoin fundsThe new funds are expected to begin trading as soon as Tuesday.
Read more »
Spot ether ETFs likely to begin trading July 23, industry sources saySpot ether ETFs likely to begin trading July 23, industry sources say
Read more »
SEC approves Grayscale, Proshares spot Ethereum ETFs for trading on NYSE ArcaSEC approves Grayscale and ProShares spot Ethereum ETFs for trading on NYSE Arca. The issuers must still await signoff on the ETFs' S-1s.
Read more »
Ethereum ETFs could spark new ETH all-time high but face potential Grayscale barrierEthereum (ETH) is down 0.4.% on Thursday following speculations surrounding the potential negative impact of Grayscale's Ethereum Trust fees and ETH dump from the Ethereum Foundation.
Read more »