The asset manager Bitwise is applying for an ETF for the Ripple token, which is great news for the XRP community. So, what are the chances of SEC approval?
Ethereum ETF growth lags behind Bitcoin as institutional investors favor the simplicity and reputation of BTC.
Strong inflows into Bitcoin and Ether ETFs signal increasing institutional interest and market optimism.
The iShares Ethereum Trust ETF (ETHA) is a financial product that gives investors exposure to ether, the second-largest cryptocurrency by market capitalisation and the native token of the Ethereum blockchain. The ETF allows people to invest in ether without buying or managing the cryptocurrency. It is managed by iShares, a BlackRock brand, and tracks ether's market price. This provides a regulated way for traditional investors to invest in cryptocurrencies.
Bitcoin and Ethereum Face Major Sell-Offs Amid Market Uncertainty
Bitwise CIO Matt Hougan Highlights Unprecedented Growth and Institutional Interest in Bitcoin ETFs
BlackRock now has more ETF holdings than Grayscale, which is a big change in the crypto investment landscape. More and more, institutional investors are turning to regulated crypto ETFs like those from BlackRock and Fidelity.
Recent data shows that institutional investors are moving their focus from Bitcoin ETFs to Ethereum ETFs. While Ethereum ETFs are gaining more interest from these investors, Bitcoin remains a top choice for individual investors.
It's understandable that not everyone's expectations were met when the Ethereum price didn't react as crypto investors had hoped it would when the Ethereum spot ETFs launched on the US stock market last July. However, many asset managers who have launched a corresponding product are likely feeling pretty pleased with themselves! BlackRock, the world's largest asset manager, is a great example of this. Its product is extremely popular with many investors.
Jump Crypto's asset transfers amid CFTC investigation contribute significantly to Bitcoin and Ether's decline. Market momentum is shifting from BTC to ETH, increasing volatility amid broader economic and political uncertainties.
Cathie Wood’s ARK Invest recently shifted its focus in the crypto market. After selling $14.7 million worth of Coinbase shares, ARK invested $21 million in the Ether Staking ETF 3iQ.
August got off to a good start for Ethereum exchange-traded funds (ETFs), with a net inflow of $26.7 million. Even though five out of the nine ETFs saw no change in their flows, some still managed to attract a lot of interest from crypto investors.
