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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Central issues: Following a pattern of initial rejections, Standard Chartered anticipates that spot Ethereum ETFs will receive approval from the SEC by May 23. Ethereum’s regulatory status, non-classification as a security, and CME listing all suggest that upon approval, its price could reach $4,000 or more. In an essential move reflecting its way to deal…
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