Australia’s First Spot Ether ETF to Go Live on Tuesday
The launch of Monochrome Ethereum ETF follows the crypto investment firm’s spot bitcoin ETF, which went live in August.
The launch of Monochrome Ethereum ETF follows the crypto investment firm’s spot bitcoin ETF, which went live in August.
ETH ETFs haven’t gained the same traction as BTC ETFs, even seeing net outflows this week. Tom Carreras investigates why.
Crypto was the leading asset class among millennial ETF investors, topping even stocks and bonds, the survey showed.
The asset manager said the launch of the spot crypto exchange-traded funds this year has made futures-based crypto products less compelling.
The asset manager’s S-1 comes a day after it registered a trust entity with the state of Delaware.
The latest price moves in crypto markets in context for Sept. 25, 2024.
Ether ETFs experienced a $62.5 million inflow, marking its third-largest day since launch.
The outflow come despite a broader crypto market rally fueled by recent Federal Reserve rate cuts, which helped lift ether prices by 11% over the past week.
Some online chatter has suggested Coinbase is issuing bitcoin IOUs to BlackRock, which ultimately was manipulating the price of crypto lower.
With this partnership, the U.S.-chartered crypto bank is moving into ETF custodial services for one of the leading issuers.