2024-07-09 23:59:53
Finance
Blockchain

Wall Street prepares for Ethereum ETF launches, signaling growing mainstream acceptance of crypto

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Multiple applications for spot ether exchange-traded funds (ETFs) have been filed this year, reflecting the increasing interest in these investment vehicles for Ethereum. The U.S. Securities and Exchange Commission (SEC) is expected to approve these ETFs by the end of the summer, allowing them to be traded on Wall Street.

Major asset managers like BlackRock, Fidelity, VanEck, and Grayscale are among the companies looking to launch spot ether ETFs. This approval is seen as a significant milestone in the crypto industry, indicating the growing acceptance of digital assets in the mainstream.

It not only benefits Ethereum but also paves the way for wider adoption of cryptocurrencies and blockchain technology in various sectors. Additionally, the launch of Ethereum ETFs is expected to attract significant inflows, with some analysts predicting a $5 billion wave of investments.

As competition among issuers heats up, management fees for these ETFs are being set, with Invesco and Galaxy charging 0.25%. While the approval of spot Bitcoin ETFs has opened the door for other cryptocurrency ETFs, the chances of approval for a Solana ETF are still uncertain due to regulatory concerns.

Overall, the launch of Ethereum ETFs is generating excitement and optimism in the crypto market, leading to a rally in prices for Ethereum and other major cryptocurrencies.

The Street
10. Juli 2024 um 23:09

Spot ether ETFs will gain final approval by ‘end of summer,’ says SEC chair Gary Gensler

Finance
Spot ether exchange-traded funds (ETFs) are expected to gain final regulatory approval by the end of the summer, according to SEC chair Gary Gensler. Several major asset managers are awaiting SEC approval to trade these ETFs on U.S. stock exchanges, with anticipation generating market excitement around ethereum funds.
The Street
9. Juli 2024 um 17:07

Race for Solana ETFs heats up: VanEck and 21Shares file with SEC

Finance
Cryptocurrencies & blockchain
Technology
Economy
21Shares and VanEck have filed for Solana exchange-traded funds (ETFs) with the U.S. Securities and Exchange Commission (SEC), indicating increased institutional interest in Solana-based funds. If approved, these would be the first Solana ETFs in the U.S., providing mainstream investors exposure to the fifth-largest cryptocurrency by market cap.
The Street
9. Juli 2024 um 20:07

Another Solana ETF was just filed, but how realistic are approval chances?

Cryptocurrencies & blockchain
Finance
A second Solana ETF was recently filed, but analysts are skeptical about its chances of approval by the SEC. The SEC has previously deemed Solana a security, and without the same level of clarity and existing futures trading as Bitcoin and Ethereum, the approval process for a Solana ETF could take at least a year or more.
The Street
11. Juli 2024 um 21:50

Is the SEC stalling an ethereum ETF approval?

Finance
Politics
Cryptocurrencies & blockchain
The debate over cryptocurrency ETFs reveals the SEC's delays and political motivations, with experts questioning whether the approval process is being intentionally stalled. As the SEC deliberates on the Ethereum ETF, concerns arise regarding the lack of transparency and potential political influence on the decision-making.
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