Bitcoin ETF Debut Serves as a Lesson for Ether ETF Speculators
Several firms have filed applications for spot ether ETFs, including BlackRock.
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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.