News Formal

Market Not Kind To Ether ETFs Or Token As Volume Tops $1 Billion

  • 📰 ForbesTech
  • ⏱ Reading Time:
  • 58 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 57%
  • Publisher: 59%

Cryptocurrencies Nyheter

Ether ETF,Ether,Ethereum

I've been a financial journalist for many years. I'm the author of ETFs for the Long Run, Investing in Dividends for DUMMIES and Dividend Stocks for DUMMIES.

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%.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 318. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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
Källa: Utoday_en - 🏆 295. / 63 Läs mer »

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.
Källa: Cointelegraph - 🏆 562. / 51 Läs mer »

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.
Källa: Cointelegraph - 🏆 562. / 51 Läs mer »

BTC Price Retraces to $66K as Spot Bitcoin ETFs Break Inflow Streak (Market Watch)Crypto Blog
Källa: Crypto_Potato - 🏆 568. / 51 Läs mer »

Ethereum ETFs Spur 'Sell The Fact' Concerns, Yet Options Market Reflects ConfidenceOmkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.
Källa: CoinDesk - 🏆 291. / 63 Läs mer »