https://cointelegraph.com/news/blackrock-sets-fee-spot-ethereum-etf-amid-s1-filings
https://www.swanbitcoin.com/education/bitcoin-etf-fees/
https://www.nerdwallet.com/article/investing/spot-bitcoin-etf
ETH Spot ETF is coming soon. With luck, will be next Tuesday, 23rd July. Is it a big deal? Is it all priced-in already?
It’s hard to tell. But certainly a big milestone for the crypto market. Bitcoin ETF was a success, but it’s relatively “easier” to “price” BTC as it is like digital gold, broadly speaking, it doesn’t do much, but just to “store” value. But Ethereum, is more of digital oil, it has more utility and it is the foundation of many other tokens and ecosystems. If ETH becomes a stable and financially viable platform, it will be much harder for other chains to overtake ETH.
A quick summary of first 3 months of BTC ETF, might be good for estimating what ETH ETF will be like, considering ETH is about 1/3 of the market cap of BTC:
- In first quarter of trading for spot Bitcoin ETFs, the 11 SEC-approved ETFs collectively had approximately $12.1 billion in inflows.
- BlackRock’s IBIT was the top performer, accumulating $13.9 billion in inflows since its launch in January.
- IBIT was the fastest-growing ETF ever.
- As of May 24, more than 30 Bitcoin ETFs collectively hold 1,002,343 BTC.
- BlackRock’s IBIT became the fastest ETF to reach $20 billion, incorporating Bitcoin into its Strategic Income and Strategic Global Bond Funds.
Exciting times ahead. 🙂
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