As the regulatory process continues, market participants eagerly await the potential launch of Ethereum-linked financial products.
Eric Balchunas, a Bloomberg ETF analyst, is optimistic about BlackRock’s amended S-1 filing, considering it a positive sign for the future launch of Ethereum ETFs.
The UK’s late entry into the crypto ETN arena contrasts with other jurisdictions in the European market and beyond, where such products have been available for years.
The approval for the leveraged Ether ETF could potentially facilitate the eventual approval of spot ether ETFs, said Volatility Shares CEO.
Schiff’s commentaries are in line with a recent trend in the corporate world where major companies are increasing their Bitcoin exposure.
The high sponsor fee for Grayscale’s GBTC has pushed investors away to other more liquid and favorable similar Bitcoin products such as IBIT, and FBTC.
A key strategy to boost the use of the Cambodian local currency is to foster cross-border transactions in riel, which the Bakong digital financial system facilitates.
Riot believes strongly that Bitfarms’ recent management turnover is an indication of corporate governance problems.
GameStop’s successful share sale has strengthened the company’s balance sheet and has also fueled speculation about its future moves.
These ETNs will be available in both British pounds (GBP) and US dollars (USD), offering flexibility to investors.
Many crypto enthusiasts expected that trading of the spot Ethereum ETF should follow its launch immediately, as it was with Bitcoin ETFs.
All of the spot Bitcoin ETFs globally collectively hold 1,002,343 BTC, or 5.08% of the current circulating supply of coins, which is 19,704,484.
Similar to GBTC, the Grayscale Ethereum Trust (ETHE) could also see massive outflows in the beginning since its currently trading at 26% discount to the NAV.
The hedge funds’ significant short positions could have several implications for the broader market. Most likely, it can exert downward pressure on prices.
Standard chartered executive stated that similar to Ethereum, other altcoins previously under the SEC scrutiny, such as the XRP case, could also be absolved of the ‘security’ status.