More than half a year after the launch of Bitcoin ETF, the Ethereum spot ETF that people in the "currency circle" have been looking forward to will finally be listed in the United States.According to reports, the U.S. Securities and Exchange Commission has notified eight companies that have applied to launch the first ETFs linked to the price of Ethereum that their products will begin trading on Tuesday. This means that U.S. regulators have finally approved the Ethereum spot ETF, enabling Americans to trade Ethereum through ETF tools. 1. Ethereum ETF is finally approvedIt is reported that the first batch of ETFs that directly invest in Ethereum include: 21Shares, Bitwise Asset Management, BlackRock, Franklin Templeton, Fidelity Investments, VanEck and Invesco.Currently,...
Ethereum spot ETF will be listed as early as this weekAfter 8 asset management institutions that plan to issue Ethereum ETFs in the US securities market finally submitted S-1 filings to the US SEC in June 2024, will the Ethereum ETF be successfully issued? When can it be listed for trading? It has always attracted the attention of industry insiders. Another source said trading could begin on Tuesday after the ETF is deemed effective on Monday.Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, first reported the development in a social media post. Various predictions have been rising and falling, and the market value of ETH has also fluctuated frequently due to related information. Why does the Ethereum ETF affect...
With the rise of digital currencies, especially Bitcoin as the representative of the first cryptocurrencies, its value and influence continue to rise. Edward Snowden's bold prediction reveals a new trend in the field of digital currencies, that is, the US government may be secretly buying Bitcoin as a substitute for modern gold. What is the hidden message behind this prediction? What impact will the participation of national governments have on Bitcoin?1. Snowden's prediction: Bitcoin, the "digital gold" of the future?Snowden's remarks on social media have sparked widespread discussion and attention. He predicted that this year, a US government will be revealed to have purchased Bitcoin and has not made this fact public. What does this trend mean? Is Bitcoin really becoming...
On June 27, according to the SEC's official website, VanEck submitted an application for Solana Trust. VanEck Solana Trust is an ETF, the first Solana ETF applied for in the United States. After the Bitcoin ETF and Ethereum ETF were approved this year, people have been discussing the next crypto ETF, and most people are optimistic about the SOL ETF. How likely is it that Solana (SOL) will get its own ETF first after Ethereum (ETH) got its ETF?When Ethereum announced its ETF, it saw an inflow of over $70 billion in one day, which is roughly equivalent to Solana's entire market cap.If Solana were to get its own ETF, do you think we could see a similar effect?Ebunker co-founder...
"Once the Fed makes a move, we know whether it will work or not." This market saying has been confirmed again in the recent cryptocurrency market. After the Fed's latest interest rate decision was announced, the Bitcoin ETF suffered the largest outflow of funds since March, up to $621 million, which triggered widespread market concerns about the future trend of cryptocurrencies. The core conflict of this incident is that the Fed's hawkish stance runs counter to the crypto market's expectations for loose monetary policy. Although Fed Chairman Powell did not explicitly state in his speech that he would continue to raise interest rates, the signal of maintaining high interest rates is still strong. This news is like a basin of...
