Why the new spot ether ETFs may ‘be a hit’ despite recent weakness
Publishing timestamp: 2024-07-26 12:36:25
Summary
Historic week for cryptocurrency markets as spot ether exchange-traded funds make their debut. Franklin Templeton and VanEck are among the firms behind these ETFs, which have seen losses since their inception due to a sell-off in cryptocurrencies. Despite this, there is optimism about the potential for spot ether ETFs to help investors diversify and access new markets. Ether itself has seen a sharp drop in price this week but is still up for the year.
Sentiment: MIXED
Keywords: ethereum, bitcoin, cryptocurrency, wall street, exchange-traded funds, personal investing, business news, vaneck ethereum strategy etf, markets, industry regulation, bitcoin/usd coin metrics, franklin ethereum etf, sec, stock markets, ethereum/usd coin metrics, investment strategy, vaneck ethereum etf,