SEC Delays Another Ether ETF Application
A decision for approving or denying a joint Ether ETF product has been pushed back, in line with analyst expectations.
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.
The last previous net inflow day was January 22, when the spot products as a group added just over 1,200 bitcoin.
The latest price moves in crypto markets in context for Jan. 29, 2024.
Miners such as Core Scientific (CORZ), Hut 8 (HUT) and TeraWulf (WULF) were among the outperformers.