All but one of the recently launched spot bitcoin exchange-traded funds (ETF) charge a lower fee than the largest gold ETF, making them a cheaper investment into a gold-like asset.
The updated prospectus brings the spot Ethereum ETF application more “in line” with the recently approved spot BTC ETF prospectus, one analyst noted.
The total derivatives trading volume on CME rose 35% in January to $94.9 billion, the highest since October 2021.
A decision for approving or denying a joint Ether ETF product has been pushed back, in line with analyst expectations.
Fidelity’s spot ETF also garnered a ranking in the top 10 of fund inflows so far this year.
Of the new spot funds, WisdomTree has so far attracted the lowest amount of AUM at roughly $12.8 million.
The digital asset investment firm has become the first of the ETF providers to diversify custody of its coins by tapping BitGo’s expertise in addition to Coinbase
The ether-bitcoin forward term structure is downward sloping structure, which means that traders expect ETH to perform weaker than BTC as time goes by, one trader said.
The approval of a wave of bitcoin exchange-traded funds will lead to a more mature market structure, say Vivek Chauhan and David Lawant, of FalconX.
The British bank expects the SEC will treat spot ether ETF applications similarly to bitcoin ETFs and anticipates approvals on May 23.
