Key Points:
Read more: Spot Bitcoin ETFs Extend Inflows To $365M Over Six Consecutive Days
iShares Ethereum ETF, which has surpassed $1 billion in total assets, is now led in the Ethereum ETF space. This puts it in the top 20% of over 3,700 ETF products in the United States achievement considering that it reached such status in just two months.
Nate Geraci, president of The ETF Store, said in a post on X that the iShares Ethereum ETF is off to a pretty good start out of the gate. For many institutional and traditional investors, the iShares Ethereum ETF has been one of the primary vehicles through which they’ve been introduced to the cryptocurrency market, and assets under management for the fund have grown very quickly.
The approval of spot ETFs by the U.S. SEC has not been a small factor in bringing this wave of capital, just opening up to Ethereum a wider pool of investors through regulated financial products.
Despite such optimism, the SEC has delayed ruling on options listing on Ethereum ETFs of late. The regulator said it was extending the deadline to rule on a proposed change by Nasdaq ISE that would permit options trading on the iShares Ethereum ETF. This development leaves uncertainty on when investors might be able to trade options on Ethereum ETFs.
The SEC separately announced that it is also deferring its consideration to approve similar proposals by NYSE American LLC, Exchange Act Section 19, to list and trade options on the Bitwise Ethereum ETF, Grayscale Ethereum Trust and Grayscale Ethereum Mini Trust.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Canada extends crypto compliance deadline to the end of 2024, giving exchanges more time to…
This article will explore which cryptos are considered securities, and how you can navigate the…
Score a 50% bonus on BDAG purchases! Explore how BlockDAG's presale exceeded $77M, delve into…
This is the most thrilling time for every crypto enthusiast, and for good reason, there…
Spot Bitcoin ETF inflows hit $494 million on September 27 with over $1 billion this…
Binance founder CZ marked his return to social media with a tweet greeting the crypto…
This website uses cookies.