Crypto Spot ETFs Will Have More Influence on Market’s Price Action: Canaccord
Ether spot ETFs, evvel launched, should help broaden institutional appetite for other digital assets, the report said.
Ether spot ETFs, evvel launched, should help broaden institutional appetite for other digital assets, the report said.
Bloomberg ETF analyst Eric Balchunas said this will be the ‘ghost pepper’ of ETF hot sauce.
It marks the first Solana ETF to be filed in the U.S. six days after a similar product launched in Canada.
Market maker GSR sees bigger upside for SOL than bitcoin saw when it got U.S. ETFs.
Ether and other digital assets need a better regulatory regime and the narrative is expected to improve around the U.S. elections later this year, the report said.
Call buyers are implicitly bullish on the market.
Thursday marked the fifth straight day of net outflows for the U.S.-listed ETFs in their worst performance since mid April.
The latest price moves in crypto markets in context for June 20, 2024.
The VanEck Bitcoin ETF rose 1% on its debut after trading 99,791 shares.
The ratio has declined 35% in one month, reaching the lowest since March 13.