Such products recorded $60 million in net outflows each the past two weeks, the most since August 2022. Elsewhere, multiasset and bitcoinEther ETFs are close to becoming available for trading in the U.S. after the Securities and Exchange Commission approved applicants' filings last month. The regulator must also approve their S-1 filings before the products are cleared to trade.
Firms such as Galaxy say ether ETFs could see $5 billion of net inflows in the first five months, whilein their first 18 months. The demand for the planned products is expected to come from independent investment advisers and broker/dealer platforms.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.
Source: News Formal (newsformal.com)
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