Fidelity joins the race for Ethereum ETF approval
Asset management giant, Fidelity, has submitted an application to the United States Securities and Exchange Commission (SEC) for an Ethereum exchange-traded fund (ETF). Fidelity, which manages $4.5 trillion in assets, made this move just days after BlackRock filed its application for the iShares Ethereum Trust. The filing was made on November 17, 2023. The proposed […]
Bitwise analyst predicts more significant market impact from Bitcoin ETFs than Ethereum
Bitwise, the world’s largest crypto index fund manager, suggests that Bitcoin (BTC) exchange-traded funds (ETFs) could have a more significant market impact than their Ethereum (ETH) counterparts. Analyst Juan Leon from Bitwise explains that while many institutional investors have become more knowledgeable about BTC, most still struggle to understand ETH’s distinct attributes. He likens BTC […]
SEC set to approve Ethereum Futures ETF: What it means for crypto?
The US Securities and Exchange Commission (SEC) is reportedly ready to approve the first Ethereum Futures Exchange-Traded Fund (ETF) in the United States. According to Bloomberg, the ETF is expected to be introduced by Valkyrie on either October 3rd or October 4th. This development comes as the crypto community eagerly anticipates the approval of a […]
Why Bitcoin crashed to $26,000: Elon Musk’s SpaceX, Interest Rate fears, or something else?
Bitcoin experienced a sudden drop in price, falling approximately 8% within a span of 10 minutes, leading to speculation from analysts regarding the potential causes. What you need to know: Some theories include Elon Musk’s SpaceX selling its Bitcoin holdings worth $373 million, concerns about interest rate hikes, and the impact of rising government bond […]