Markets are now open and spot Ethereum ETFs are officially available for trading.
After a long wait, Wall Street now has the chance to get a piece of the crypto pie and start trading the recently approved Ethereum ETFs.
These offerings include:
These ETFs are available on three major exchanges – Cboe, Nasdaq and NYSE.
At the time of writing, Ethereum is trading at around $3,500 with no significant price movements over the past 24 hours and has a trading volume of almost $22.5 billion. The biggest altcoin by market cap is currently valued at $422 billion.
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Crypto analyst Benjamin Cowen believes Ethereum (ETH) faces a period of hardship before it can recover.
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Institutional demand for XRP ETFs is rising, with BlackRock expected to file soon, following Franklin Templeton’s recent application.