BTC - 5 Things to Know About Ethereum's First Spot Price ETFs
2024-05-29 11:43:00 ET
On May 22, the U.S. Securities and Exchange Commission (SEC) approved the first eight applications for Ether (CRYPTO: ETH) spot price exchange-traded funds (ETFs) from Grayscale, Bitwise, iShares, VanEck, Ark Invest, Invesco, Fidelity, and Franklin Templeton. Ether is the world's second largest cryptocurrency and the main coin of the Ethereum Network .
That announcement came just four months after the SEC cleared the first spot price Bitcoin (CRYPTO: BTC) ETFs for trading. But should investors assume these planned ETFs will set a firm floor under Ether's price and become compelling long-term investments? Let's review the five key facts to decide.
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5 Things to Know About Ethereum's First Spot Price ETFs