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U.S. spot ether ETFs begin trading, raising pressure on Canadian providers
Spot ether ETFs debuted in the U.S. on Tuesday in another transformational moment for the cryptocurrency industry — and, to some extent, for Canadian providers, who were the first in the world to offer the products. The ETFs hit U.S. markets two months after the U.S. Securities and Exchange Commission (SEC) approved the rollout of ETFs tied to the price of ether, the second-largest cryptocurrency after bitcoin. Bitcoin ETFs were cleared for trading in the U.S. by the SEC in January. On Tuesday, nine ether ETFs, including one conversion from a trust to an ETF, began trading across U.S. exchanges. These were funds ... (full story)
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- Posted: Jul 24, 2024 3:31am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 176
