Ethereum ETFs are here, building case for US approval of BTC and ETH funds
While Bitcoin may evolve to become gold 2.0, Ether-based funds could offer investors exposure to a new utility technology. Unlike its neighbor to the south that continues to procrastinate, Canada seems to be fast-tracking crypto assets — as evident again last week in its regulatory green light for three new Ether (ETH)-based exchange-traded funds, North America’s first.“Having an easily accessed ETF in Canada changes the competitive landscape,” Campbell Harvey, professor of international business at Duke University’s Fuqua School of Business, told Cointelegraph. The United States....
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Ethereum ETFs are yet to gain approval from the SEC despite the success of bitcoin ETFs. Bitcoin ETFs have been approved and trading going on for two weeks now. Nevertheless, talk about them continues to dominate the crypto space. Although the hype around the trading of the funds has died down, it hasn’t stopped firms […]
Merely two days ago, fund managers VanEck and ProShares filed with the U.S. Securities and Exchange Commission (SEC) to bring Ethereum exchange-traded funds (ETFs) to the U.S. markets. However, the two firms broke news on Friday that they have both chosen to withdraw their active applications. Similar to the dozens of Bitcoin ETFs awaiting approval, […]
Canada has been approving crypto exchange-traded funds (ETF) more quickly than the United States and after three successful bitcoin ETFs, the country has approved three ethereum-based ETFs. The three ether ETFs in Canada will debut on Toronto’s stock exchange (TSX) on April 20, 2021. Three Ethereum ETFs Set to Launch in Canada Next Week Back in February, Bitcoin.com News reported on the launch of the first North American bitcoin exchange-traded fund. A few days later, the fund called the “Purpose Bitcoin ETF” captured massive volume with $165 million traded at the time.....
Various investment funds have applied for Bitcoin ETFs in the U.S. The number has grown as interest in crypto has been on the rise in recent months. A couple of countries so far have approved some crypto ETFs and investors can trade on these. However, the United States is yet to see the approval of its very first bitcoin ETF. Speculations around the approval of a bitcoin ETF have been on the rise lately. The Securities and Exchange Commission (SEC) was expected to make a ruling on various Bitcoin ETFs that had been filed. But the regulator had moved up the date. In the case of VanEck,....
Ethereum Spot Exchange-Traded Funds (ETFs) approval odds continue to witness notable pessimism as the cryptocurrency space awaits the United States Securities and Exchange Commission’s (SEC) decision on the products scheduled for May. The expectation surrounding the SEC’s decision highlights how important ETF approval is in terms of giving conventional investors more convenient access to Ethereum’s spot market. Presently, data from Polymarket, the world’s largest prediction market, shows that ETH ETF approval odds have fallen to a mere 11%. Pessimism Deepens As....