The newly launched spot ETH funds posted positive net inflows despite being weighed down by $485 million of bleeding from Grayscale’s Ethereum Trust. United States Ether exchange-traded funds (ETFs) posted a net inflow of $106.6 million on their first day of trading — despite massive outflows from Grayscale’s freshly-converted Ethereum Trust. BlackRock and Bitwise’s ETFs…
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The SEC commented on the S-1 forms and requested resubmissions by July 8, potentially delaying the launch of spot Ether ETFs until mid-to-late July. The launch of United States-based spot Ether exchange-traded funds (ETFs), which many expected to occur as early as July 2, has been delayed by the U.S. Securities and Exchange Commission (SEC).…
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Key Points: The spot Ethereum ETF’s approval is the subject of debate, and opinions regarding the SEC’s position diverge. Resource directors are hopeful about spot Ethereum ETF endorsement, refering to past victories regardless of progressing administrative vulnerabilities. Fox correspondent Eleanor Terrett has featured the continuous discussion encompassing the possible endorsement of a spot Ethereum ETF,…
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