Ethereum Spot ETFs On The Horizon: Regulatory Approval Expected By Fourth Of July: Report
Portfolio Pulse from Aniket Verma
The SEC is expected to approve Ethereum spot ETFs by July 4, following successful Bitcoin spot ETFs. Asset managers like BlackRock, VanEck, and Grayscale are involved. Analysts predict a less impressive launch for Ethereum ETFs due to its smaller market cap and trading volumes.
June 27, 2024 | 3:09 am
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POSITIVE IMPACT
Grayscale Bitcoin Trust (GBTC) may see heightened interest and volatility as the SEC is close to approving Ethereum spot ETFs.
With the SEC close to approving Ethereum spot ETFs, Grayscale Bitcoin Trust (GBTC) could see increased interest and volatility as investors anticipate similar success.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
VanEck's Bitcoin Trust (HODL) might experience increased trading activity as Ethereum spot ETFs gain regulatory approval.
The approval of Ethereum spot ETFs could lead to increased trading activity in VanEck's Bitcoin Trust (HODL) as investors look for similar investment opportunities.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
BlackRock's iShares Bitcoin Trust (IBIT) may see increased interest and volatility as the SEC nears approval for Ethereum spot ETFs.
As the SEC nears approval for Ethereum spot ETFs, investors may show increased interest in related Bitcoin ETFs like IBIT, anticipating similar success.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70