Spot Ether ETFs Could Begin Trading on July 23
According to sources in the industry, the Securities and Exchange Commission has tentatively approved a minimum of three exchange-traded funds based on Ethereum.
According to sources in the industry, the Securities and Exchange Commission has tentatively approved a minimum of three exchange-traded funds based on Ethereum.
On Thursday, the United States witnessed a net daily inflow of $78.93 million in spot bitcoin exchange-traded funds (ETFs), continuing a positive trend for the fifth consecutive day.
DigitalX, a blockchain-focused asset management firm, has received regulatory approval to launch a spot Bitcoin exchange-traded fund (ETF) on the Australian Securities Exchange (ASX).
Digital asset investment products have received a total of $441 million in inflows as a result of the recent sell-off by Mt. Gox and the German government.
Even though the price of Bitcoin has recently dropped to $54,000, a decrease of 25% from its peak of $73,000 in March, there has been a surge in inflows for spot Bitcoin ETFs on July 5.
The anticipated launch of spot Ethereum ETFs in the United States, which was originally expected to happen in early July, has been delayed due to the Securities and Exchange Commission (SEC).
The financial services firm T-Rex Group has recently applied to establish a leveraged Exchange-Traded Fund (ETF) based on the stock of MicroStrategy in the US.

"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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