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SEC completes abrupt U-turn to approve Ethereum ETFs in ‘politically driven’ move. ... The price of Ether has soared 25% since Monday, trading at $3,855 as of 5:13 p.m. EST. ... Fidelity this ...
These spot EThereum ETFs track the price of the cryptocurrency on the same percentage basis, if they trade at different fund prices. If Ethereum rises 2 percent, these funds should rise a similar ...
If K33’s prediction of $4 billion in inflows over six months is accurate, at current prices, this would mean 1% of Ether in circulation would be absorbed by the ETFs by the end of the year.
An exchange-traded fund (ETF) is a type of investment fund that is also an exchange-traded product, i.e., it is traded on stock exchanges. [1] [2] [3] ETFs own financial assets such as stocks, bonds, currencies, debts, futures contracts, and/or commodities such as gold bars.
Would-be issuers of Ethereum ETFs are scrambling to meet the SEC's last-minute requests ahead of Thursday's deadline. ... the price of Ether has shot up nearly 20%, trading near $3,750 around 1:30 ...
So, if you think that Ethereum is going to soar in price over the long haul, then the new spot Ethereum ETFs are a no-brainer investment. If anything, the recent crash in the price of Ethereum ...
Following the Securities and Exchange Commission's approval of Spot Ethereum exchange-traded funds (ETFs) in May, these began trading on July 23. This comes on the heels of spot Bitcoin ETFs being...
The ProShares Ether Strategy ETF is the first crypto ETF that aims to track the price movements of ether (ethereum). It does this by holding monthly ether futures contracts. It does this by ...