Ethereum (ETH) price has shot up, breaking past key barricades as ETH shows strength.
BlackRock iShares has registered the Ethereum Trust in Delaware, hinting that a spot Ether ETF could be next. The asset manager followed the same route when filing for a spot BTC ETF, registering the iShares Bitcoin Trust a week earlier. Ethereum price is up almost 10% on the news, breaking past the $2,000 psychological level.
Besides Valkyries, several other firms have demonstrated interest in offering a spot ETH ETF, including VanEck, Grayscale Investments, and Bitwise. Crypto ETF FAQs What is an ETF? An Exchange-Traded Fund is an investment vehicle or an index that tracks the price of an underlying asset. ETFs can not only track a single asset, but a group of assets and sectors. For example, a Bitcoin ETF tracks Bitcoin’s price. ETF is a tool used by investors to gain exposure to a certain asset.
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