Ether ETF Hopes Are Revived on Flurry of Application Updates

-- Crypto markets are increasingly optimistic about regulatory approval for US exchange-traded funds investing directly in Ether amid a flurry of activity at potential issuers, exchanges and the securities regulator.Hims Debuts $199 Weight-Loss Shots at 85% Discount to Wegovy

Among other things, the issuer said it will keep the Ether it buys out of programs that pay rewards for blockchain maintenance — known as staking in the industry’s jargon — and that it will not invest in derivatives. “We expect significant ETF-driven inflows to ETH, as has been the case with BTC ETFs since their approval,” Standard Chartered analyst Geoff Kendrick wrote in a recent note. Kendrick estimated that the spot-Ether ETFs can lead to inflows of about $15 billion to $45 billion in the first 12 months after approval.

The fund’s discount to its underlying Ether holdings has narrowed to less than 7% from Friday’s 20.5% and as much as 56% last year, data compiled by Bloomberg show. A similar pattern was seen in January before the SEC approved the conversion of Grayscale’s Bitcoin Trust, which is now trading on par with its underlying asset.

Canada's inflation rate cools to 2.7 per cent in April, likely giving BoC 'all clear' for June rate cutAre you wondering what TSX energy stocks could pay and grow their dividends for decades ahead? Here are two for long-term passive income! The post Want Decades of Passive Income? 2 Energy Stocks to Buy Now and Hold Forever appeared first on The Motley Fool Canada.

Source: Financial Digest (financialdigest.net)

Regulatory Approval Cboe Global Markets New York Stock Exchange Grayscale Investments Fidelity Investments SEC Geoff Kendrick Franklin Resources Inc. Exchange-Traded Funds

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ether ETF Hopes Are Revived on Flurry of Application UpdatesEuphoria is sweeping through cryptocurrency markets amid growing optimism that regulators will approve exchange-traded funds that invest directly in Ether, marking a sharp reversal in sentiment.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Could a pending ether ETF mimic the arc of spot bitcoin ETFs?Ethereum prices (ETH-USD) are jumping on the possibility that the Securities and Exchange Commission (SEC) could approve offerings for an ether ETF. This...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

'Common sense' to prevail in ether ETF approval: Bitwise CIOEthereum (ETH-USD) prices are surging as investors' hopes for the approval of a spot ether ETF rise. Bitwise Asset Management CIO Matt Hougan joins Market...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Cryptos rally after SEC pivots on spot Ether ETF applications, stocks trend higherThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Ether rallies 23% as SEC reevaluates ETH ETF approval after Trump goes pro-cryptoThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Crypto lifted by Ether's biggest jump since 2022 on ETF outlookCrypto prices have surged on signs of momentum toward U.S. approval of exchange-traded funds investing directly in the second-largest token Ether, a shift from a more downbeat outlook as recently as last week.
Source: BNNBloomberg - 🏆 83. / 50 Read more »