The volume puts the nine U.S. Ethereum ETFs that started trading Tuesday morning in the top one per cent of all ETF launches, according to Bloomberg ETF analyst Eric Balchunas. They include exchange-traded funds from Grayscale and BlackRock. (The Logic)
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The volume puts the nine U.S. Ethereum ETFs that started trading Tuesday morning in the top one per cent of all ETF launches, according to Bloomberg ETF analyst Eric Balchunas. They include exchange-traded funds from Grayscale and BlackRock. (The Logic)
Talking point: On Monday, the U.S. Securities Commission gave the final sign-off for the ETFs to start trading, a move industry watchers had considered unlikely just two months ago. As expected, the Ether ETFs are unlikely to match the wild success of Bitcoin ETFs, which hit more than US$4.6 billion in volume on their Jan. 11 launch day. However, they appear to be on track to outperform expectations, Balchunas said. The ETFs track the price of Ether, the native cryptocurrency of the Ethereum blockchain, which is the world’s second-largest and home to many of the crypto world’s most popular applications. Canada was first in the world to approve Ethereum ETFs in 2021.
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