BlackRock’s Spot Ethereum ETF is Now Trading in Pre-Market
23.07.2024 13:03 1min. 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.
-
1
Here is What You Should Know About Ethereum’s Pectra Upgrade
15.09.2024 8:00 2min. read -
2
Ripple’s ODL and Its Potential Impact on XRP Prices
25.08.2024 11:00 1min. read -
3
New Whale Emerges After Massive XRP Transfer of $61.6 Million
25.08.2024 19:00 1min. read -
4
Cardano (ADA) Sees Increased Activity, But Price Remains Flat
08.09.2024 9:00 1min. read -
5
Cardano Moves Toward Decentralization with Key Burn Ahead of Major Upgrade
31.08.2024 8:00 1min. read
Bonk Inu Announces First-Ever Memecoin ETP in the U.S.
Bonk Inu (BONK), a popular meme coin built on the Solana blockchain, has made a significant leap in the global cryptocurrency space.
These Two Altcoins May be on the Verge of a Breakout, According to Analyst
Cryptocurrency analyst Bluntz has expressed optimism about a newly launched, cat-themed memecoin within the Binance Smart Chain.
How Will Rate Cuts Serve as a Bullish Signal for the Crypto Market?
Crypto trader Michaël van de Poppe suggested that the Federal Reserve’s recent decision to cut interest rates by 50 basis points could positively influence the crypto market.
PayPal Launches Stablecoin on Solana, Leaving Ethereum Behind
PayPal has announced the launch of its stablecoin, PYUSD, on the Solana blockchain, citing limitations in Ethereum for payment solutions.
-
1
Here is What You Should Know About Ethereum’s Pectra Upgrade
15.09.2024 8:00 2min. read -
2
Ripple’s ODL and Its Potential Impact on XRP Prices
25.08.2024 11:00 1min. read -
3
New Whale Emerges After Massive XRP Transfer of $61.6 Million
25.08.2024 19:00 1min. read -
4
Cardano (ADA) Sees Increased Activity, But Price Remains Flat
08.09.2024 9:00 1min. read -
5
Cardano Moves Toward Decentralization with Key Burn Ahead of Major Upgrade
31.08.2024 8:00 1min. read
