BlackRock’s Spot Ethereum ETF is Now Trading in Pre-Market
23.07.2024 13:03 1 min. read Alexander Stefanov
The 22nd of July was a significant date for the cryptocurrency space with the approval of spot Ethereum ETFs.
A few hours after the S-1 approval (which means the ETF issuers are now officially ready to start their investment products) we can already see that these spot ETFs are trading in pre-market – like BlackRock’s iShares Ethereum Trust ETF (ETHA).
BlackRock also posted a video for Ethereum ETF investors.
Although this news is significant, Ethereum’s price is fluctuating, currently trading at $3,540 after a 1% surge in the past 24 hours. The price of ETH fell below $3,500, following BTC’s decline to around $66,300.
Ethereum ETFs are expected to register significant inflows, but not as much as spot Bitcoin ETFs did after their start.
This however is a historic moment for the cryptocurrency community as this is the first altcoin ETF to get approval for non-crypto investors to get exposure.
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