Ethereum ETF Approved While ETH Gives Bullish Signals

2021-4-18 22:00

The Ontario Securities Commission (OSC) from Canada has approved four Ethereum Exchange Traded Funds (ETFs) to be launched on April 20, 2021. The financial products were petition by CI Global Asset Management, Galaxy Digital, Purpose Investments, and Evolve ETFs.

Three months ago, Canada became the first country in North America to approve a Bitcoin ETF. At that moment, Purpose Investments received a “massive” advantage when it could launch its Bitcoin ETF a day before the competition, as stated by Bloomberg Intelligence ETF expert James Seyffart.

Now, the regulator seeks to create a “fairer” competition. The ETFs management fees will also be highly competitive with CI Galaxy offering 0.40%, Purpose 1%, Evolve 0.75%. Seyffart added:

That said the mgmt fees aren’t the expense ratio, so we won’t know the “Total” costs of each for some time.

CI Global Asset Management has called its ETF the “world’s first” based on Ethereum with the “world’s lowest management fee”. The product is aims for investors to benefit from Ethereum’s price appreciation and the growth of its ecosystem. Steve Kurz, Partner and Head of Asset Management at Galaxy Digital said:

We are thrilled to continue building our advisory relationship with CI. The CI Galaxy Ethereum ETF gives investors a simplified path to benefit from the explosion of decentralized applications being built on Ethereum.

At the start of April, Canada Bitcoin ETF’s have a record inflow streak, as stated by Senior ETF Analyst for Bloomberg Intelligence Eric Balchunas. The financial product affected the performance of others in the U.S., like Grayscale Bitcoin Trust (GBTC).

Also the Canada Bitcoin ETF's lifetime inflow streak has now reached 25 DAYS, an unprecedented feat in ETF history. This is my new $JETS. pic.twitter.com/HjB5qmcP9r

— Eric Balchunas (@EricBalchunas) April 2, 2021

The GBTC traded with a negative premium during March. Its investors called for actions and some proposed to modified GBTC’s traded mechanism. The Grayscale Ethereum Trust could suffer the same fate and attract the attention of institutional investors in the U.S. looking to gain exposure to the cryptocurrency.

Thus, the Securities and Exchange (SEC) Commission faces new pressure. In the meantime, 9 Bitcoin ETF petitions pile up with the U.S. regulator. Their approval seems, for some experts, imminent and could follow Canadian regulator steps, to allow their launch at the same time.

Ethereum (ETH) on a bullish trajectory

ETH is trading at $2,364 with 2.8% losses in the past day. In the weekly and monthly chart, ETH has 14.3% and 29.3% profits respectively.

ETH with small losses in the daily chart. Source: ETHUSD Tradingview

The price action for ETH seems to be cooling down during the weekend after it broke several ATH in previous days. ETH fundamentals remain strong with an increase of supply accumulation, as indicated by Lewis Harland from Decentral Park Capital.

We've just seen the 7th largest daily net outflow for #ETH since 2017. The accumulation continues. pic.twitter.com/h9RLc1Ds5Q

— Lewis Harland (@_LewisHarland_) April 17, 2021

Ethereum investor Qiao Wang said the following on this indicator: “one of the most bullish, fundamentally sound onchain indicators for $ETH”.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 2920.19 (+0.20%)
Объем 24H $11.924b
Изменеия 24h: -3.71 %, 7d: -6.20 %
Cегодня L: $2889.42 - H: $2932.98
Капитализация $350.742b Rank 2
Цена в час новости $ 2117.45 (37.91%)

etfs ethereum approved products petition april 2021

Источник: newsbtc.com

etfs ethereum → Результатов: 70


Ethereum ETFs In Jeopardy? Staking Yields Could Make Or Break Investor Interest, Says BitMEX Experts

The discussion around Ethereum exchange-traded funds (ETFs) has taken a central stage, especially with the anticipation of spot Ethereum ETFs potentially launching in the US within the year. Analysts at BitMEX have recently weighed in on this matter, highlighting a critical aspect that might impact the attractiveness of these ETFs to investors: the provision of […]

2024-3-8 05:00


Фото:

New gold-backed Ethereum token is guaranteed by Australian government reserves

Australia‘s Perth Mint, one of the world’s largest refineries, is today launching a gold-backed Ethereum token guaranteed by the government of Western Australia. Marketing materials shared with Hard Fork claim the Perth Mint Gold Token (PMGT) is the first gold token on a public blockchain backed and guaranteed by government reserves.

2019-10-10 15:59


Фото:

New Ethereum token is backed by gold reserves guaranteed by Australian government

Australia‘s Perth Mint, one of the world’s largest refineries, is today launching a gold-backed Ethereum token guaranteed by the government of Western Australia. Marketing materials shared with Hard Fork claim the Perth Mint Gold Token (PMGT) is the first gold token on a public blockchain backed and guaranteed by government reserves.

2019-10-10 15:59


Why The Future of a Bitcoin (BTC) ETF is Uncertain with the Current BCH Hash War

Before the current market turmoil brought about by the ongoing Bitcoin Cash (BCH) Hash Wars, many crypto enthusiasts were anxiously waiting on the SEC to make a ruling on a few Bitcoin ETFs. 9 Bitcoin ETFs Under Review First on the list, were 9 Bitcoin (BTC) ETFs that are currently under review at the American […] The post Why The Future of a Bitcoin (BTC) ETF is Uncertain with the Current BCH Hash War appeared first on Ethereum World News.

2018-11-15 18:12


Blackrock CEO: Crypto Still Lacking Legitimacy, Bitcoin ETF Will Have To Wait

Blackrock CEO Larry Fink Still Skeptical On Crypto, Bitcoin ETF While discussion regarding Bitcoin-backed exchange-traded funds (ETFs) have begun to slow, the chief executive of BlackRock, a multinational America-based financial institution, recently claimed that he is hesitant to allow his firm to offer a Bitcoin ETF due to the current state of cryptocurrency markets.

2018-11-2 08:03


Фото:

Tron (TRX) Is Now Accessible to Over 2.2 Million Businesses and Users through CoinPayments

The mood and feel in the crypto-verse this Friday the 24th of August is one of optimism as the SEC announced that it was reviewing all 9 Bitcoin backed ETF denials. The nine ETFs by ProShares, Direxion, and GraniteShares were rejected yesterday due to concerns about volatility and lack of a ‘significant size’ markets to […] The post Tron (TRX) Is Now Accessible to Over 2.

2018-8-24 12:40


Ethereum [ETH]’s Vitalik Buterin shrugs off need for Bitcoin [BTC] ETFs, market is resilient

The last week was filled with speculation, despair, and relief for Bitcoin [BTC] investors. The market went on a rollercoaster ride on the coattails of ETF speculation. However, even as news of the Winklevoss Twins’ ETF proposal being rejected drove the price down, the market quickly showed resilience and regained past prices. In the light […]

2018-7-31 16:24


Фото:

Виталик Бутерин: криптовалютные ETF привлекают слишком много внимания инвесторов

Создатель сети Ethereum Виталик Бутерин заявил, что инвесторы в последнее время проявляют слишком высокий интерес к биржевым ETF, напрямую привязанным к курсу криптовалют. Для эффективного внедрения цифровых валют необходимо в той же мере уделять внимание практической составляющей этих инструментов, отметил Бутерин в своем аккаунте в Twitter.

2018-7-31 10:55


дальше еще 21 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum To See Fresh Move Soon? What Futures Data Says

Data shows the Ethereum Open Interest has been trading at relatively low levels recently. Here’s what this could mean for the asset’s price. Ethereum Open Interest Has Been Moving Sideways Since Its Plunge As explained by an analyst in a CryptoQuant Quicktake post, the ETH Open Interest has followed a similar trajectory as the price of the cryptocurrency recently.

Ethereum Fees Now Lowest Since January: Is It A Bottom Signal?

On-chain data shows that Ethereum transaction fees have dropped to their lowest level since January, a sign that a bottom could be close. Ethereum Transfer Fees Has Plunged As Network Has Gone Cold According to data from the on-chain analytics firm Santiment, Ethereum transaction fees have taken a notable hit recently.

These Are The Ethereum Altcoins Witnessing High Whale Interest

Here are the Ethereum-based altcoins that are currently witnessing a high amount of activity from the whales, according to on-chain data. These Ethereum Altcoins Are Seeing High Whale Transactions Right Now In a new post on X, the on-chain analytics firm Santiment has discussed how several Ethereum-based altcoins have been seeing notable whale activity recently.

Ethereum Breaks $2,900, But Watch Out For Futures Overheating

Ethereum has broken beyond the $2,900 level during the past day, but data shows the futures market may be starting to become overheated. Ethereum Has Now Broken Through The $2,900 Level While Bitcoin has slumped to an overall sideways trajectory recently, Ethereum appears to have decided to pick a path of its own, as the second largest asset in the sector has surged almost 4% over the past 24 hours.

Recovery Dim? Ethereum Faces Potential Slide Towards $2,000

Ethereum, the linchpin of the decentralized application ecosystem, finds itself navigating a precarious path this week. The cryptocurrency’s value, having breached the pivotal $2,250 support level, now teeters on the edge of a decisive crossroads, caught between the prospect of a resurgence and the looming threat of a more pronounced downturn.

Buy Low, Sell High? Bitcoin Wobbles As ETF Fever Cool Downs

In a week etched in crypto history, the long-awaited arrival of Bitcoin ETFs in the US sent shockwaves through the market. Yet, despite the monumental achievement, the king of crypto, Bitcoin, took a step back on Saturday, dipping 6% to end the week barely above $43,000.