Just seven months after the first spot Bitcoin ETFs hit the market, the Securities and Exchange Commission approved for trading on Tuesday nine ETFs that track the Ether cryptocurrency. But the market wasn’t kind to the new products as they all posted significant loss their first two days of trading.
The ability to program the conditions for settlement allows Ethereum to operate like an escrow account – but without human intermediaries, continued Edelman. This makes it faster, safer and cheaper, and can be used by virtually every industry in the world. These bridges are from decentralized finance to more people and more capital that are either restricted from buying actual cryptocurrencies or don’t want to deal with the many-layered process. The ETF structure also brings regulatory clarity and acceptance by federal regulators, such the SEC.
Blackrock’s iShares Ethereum Trust posted the second highest volume on Tuesday, at $249.1 million. It fell 1.3% on its first day of trading and tumbled 2.8% to $25.50 on its second. ETHA will charge an expense ratio of 0.25%, with a one-year waiver reducing the fee to 0.12% on the first $2.5 billion assets under management.
VanEck Ethereum ETF gave back 1.8% on volume of $44.8 million yesterday. Today also sank 2.8% to $49.27. The expense ratio will be waived until July 22, 2025, for the first $1.5 billion of the Trust’s assets. After that the fee will be 0.20%.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
La source: Utoday_en - 🏆 295. / 63 Lire la suite »
The Asia-Pacific market is heating up for Bitcoin and Ethereum ETFsTwo Bitcoin ETFs launched in Australia in June — after six Bitcoin and Ethereum ETFs launched in Hong Kong in April. We'll see soon if more enter the market.
La source: Cointelegraph - 🏆 562. / 51 Lire la suite »
Bitcoin ETFs shed $1.3B over 2 weeks amid market slumpDespite Bitcoin ETFs shedding, analysts maintain a bullish outlook for the price of Bitcoin in the coming months.
La source: Cointelegraph - 🏆 562. / 51 Lire la suite »
La source: Crypto_Potato - 🏆 568. / 51 Lire la suite »
La source: CoinDesk - 🏆 291. / 63 Lire la suite »