Global #ETF

On Thursday, Grayscale, a leading cryptocurrency asset manager, announced the launch of a new Trust designed to track the performance of Ripple’s native token, XRP.

The SEC's approval marks a turning point for Ethereum ETFs. While the launch date remains uncertain, this decision paves the way for a future where investors can easily add Ethereum to their portfolios. Stay tuned to financial news outlets and announcements from investment firms for the latest updates. The wait might be short-lived, and soon, Ethereum ETFs could be the new investment opportunity everyone's talking about.

Bitcoin (BTC) has surpassed the $71,000 threshold, marking its first time crossing this milestone since April 12. Presently, it's trading at $71,200.

The price of Ethereum surged by more than 20%, driven by growing optimism surrounding the possibility of an Ethereum Exchange-Traded Fund (ETF). ETH managed to overcome several obstacles and even surpassed the $3,500 resistance level.

Despite widespread skepticism from crypto analysts and the larger crypto community regarding the approval of spot Ether exchange-traded funds (ETF) by the United States Securities and Exchange Commission (SEC), some analysts are suggesting that there might be room for a surprise.

In a recent memo, Matt Hougan, Chief Investment Officer at Bitwise, provided a comprehensive analysis of the early adopters of Bitcoin Exchange-Traded Funds (ETFs) based on 13F filings with the SEC.