VanEck, ARK filings ‘officially’ start clock for spot Ethereum ETFs: Analyst
Bloomberg ETF analyst James Seyffart expects more spot Ethereum ETFs to be filed in the coming days.
Bloomberg ETF analyst James Seyffart expects more spot Ethereum ETFs to be filed in the coming days.
The two firms currently have a spot Bitcoin exchange-traded fund being reviewed by the SEC and recently proposed listings of two Ether futures ETFs.
The co-filing comes just a week after reports emerged that the SEC is likely to greenlight Ethereum ETF applications.
Bitcoin-related funds saw outflows of $13 million over the past week, reversing five weeks of bullish inflows, according to Coinshares analyst James Butterfill.
Galaxy Digital CEO Mike Novogratz was among those over the moon with the news, others warn it could be the start of a major institutional takeover.
Just days after buying $21 million of Coinbase shares, ARK Invest CEO Cathie Wood has added another $19.9 million in Block Inc. shares across its ETFs.
Tesla CEO Elon Musk has warned that a major rate hike by the Federal Reserve risks deflation in the U.S. economy. Musk’s warning followed an analysis by Ark Invest CEO…