BlackRock Wants to Follow Bitcoin ETF With an Ethereum ETF. Marketing It Might Not Be So Simple
Larry Fink has been talking up a spot ether ETF, but index provider CF Benchmarks sees a conundrum when it comes to selling that product.
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Larry Fink has been talking up a spot ether ETF, but index provider CF Benchmarks sees a conundrum when it comes to selling that product.
“I see value in having an Ethereum ETF,” Fink said in an interview with CNBC on Friday.
Several firms have filed applications for spot ether ETFs, including BlackRock.
In a recent note, the Singapore-based investment fund said expects topside resistance for bitcoin in the $45k-$48.5K region.
Bitcoin slumped below $28,000, and ether dipped below $1670.
Among the more popular of the new ETFs today, VanEck’s Ethereum Strategy ETF (EFUT) traded just shy of 25,000 shares at a price roughly averaging $17 per share.
The asset manager Thursday said it had already begun purchasing ether futures contracts.
SEC recently extended deadlines for ARK, GlobalX spot bitcoin ETFs.