Crypto Blog
Spot Ethereum ETFs began trading in the United States for the first time on July 23, and the initial picture isn’t pretty for the world’s largest crypto asset manager.
If the situation mirrors that when Grayscale converted its Bitcoin Trust to a spot ETF, the fund could lose half of its assets under management. This would equate to around $4.5 billion worth of Ethereum.Investors are pulling out of the fund because they can now realize profits on the large premium gap that it had before becoming spot-based.
To counter this, Grayscale launched an Ethereum Mini Trust with a $1 billion AUM starter and a 0.15% fee. This fund had an inflow of $15 million on its first day of trading,
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.
Ethereum ETFs, Bitcoin ETFs Complementary Investment Tools, CoinEx CEO Haipo Yang SaysMr. Yang sat down with Tony Chidiuto to discuss the promises, challenges, opportunities and limitations of ETFs on BTC, ETH in coming years
Read more »
Ethereum Spot ETFs trading kicks off on Nasdaq, Bitcoin, XRP gain from trader optimismJASMY/USDT daily chart JasmyCoin (JASMY) could extend its decline by another 8% and collect liquidity at the Fair Value Gap (FVG) shown in the JASMY/USDT daily chart.
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 (ETH) Spot ETFs Up and RunningEthereum spot ETFs have been finally given the green light to start trading, but can they replicate Bitcoin’s ETF success?
Read more »
Spot Ethereum ETFs likely to launch July 23: SourcesThe SEC has asked issuers to add in the Sponsor Fee in the next filing, which is due by Wednesday.
Read more »
Spot Ethereum (ETH) ETFs Set to Launch Within a Week, According to Industry SourcesCrypto Blog
Read more »