ETF Analyst: Approval of Ethereum Spot ETF in US Could Happen This Year
The imminent approval of Bitcoin spot ETFs in the United States is expected to pave the way for more fund managers to apply for Ethereum spot ETFs in the near future.
The imminent approval of Bitcoin spot ETFs in the United States is expected to pave the way for more fund managers to apply for Ethereum spot ETFs in the near future.
Initially submitted on October 2, 2023, the proposal aims to convert the Grayscale Ethereum Trust, the largest Ethereum investment vehicle globally, into an ETF.
The Delaware Trust Company will act as the trustee of the spot Ether ETF from Ark Invest and 21Shares, while Coinbase will act as the crypto custodian.
With the current trend in the market, many cryptocurrency traders believe that the new faces to lead the new altseason include Decentraland (MANA), Ethereum (ETH), and the newcomer Sparklo.
Some of the most experienced traders and investors know the value surrounding projects in their presale stage, as they have the highest growth potential, and one such project is TMS Network (TMSN).
This article highlights five crypto projects to buy in 2023 for maximum returns.
National Australia Bank (NAB) has announced the launch of a stablecoin on the Ethereum (ETH) blockchain. This move comes as Bitcoin (BTC) continues to gain mainstream acceptance and Orbeon Protocol (ORBN) continues its presale, moving into phase 5 with a token price of $0.06.
The world of cryptocurrency is constantly evolving, and three projects are making a significant impact: Orbeon Protocol (ORBN), Ethereum (ETH) and Bitcoin (BTC).
However, Bitcoin (BTC) and Ethereum (ETH) are making way for a new entrant, Orbeon Protocol (ORBN), which has the potential to take over the market.
While the overall market sentiment has become gloomy due to the recently occurred FTX disaster, Ethereum (ETH) and Orbeon Protocol (ORBN) have brought back some optimism to the arena.