BITQ - Ether ETFs Spotlight Crypto's Big Ask For Trump

2024-07-31 12:57:00 ET

Summary

• Digital currencies have indeed strained against regulators wary of a speculative free-for-all.
• If Trump wins in November, loosening limitations on these crypto-for-the-masses products from Fidelity, BlackRock and their ilk seems an obvious target.
• The average ETF sees about $1 million of opening day trading, according to Bitwise Chief Investment Officer Matt Hougan.

Republican presidential nominee Donald Trump once professed himself “not a fan” of bitcoin; now, he says he will end the U.S. government’s “anti-crypto crusade.” Digital currencies have indeed strained against regulators wary of a speculative free-for-all. Those restraints loom over the debut of new funds tied to ether, the second-largest cryptocurrency, which are held back from offering certain sweeteners. If Trump wins in November, loosening limitations on these crypto-for-the-masses products from Fidelity, BlackRock and their ilk seems an obvious target....

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