Bitwise launches Spot Ether ETP under CF Benchmarks

🌟 It's another win for crypto industry as US spot ether ETFs made their market debut yesterday. 💪 $1.07 billion of shares changed hands in the products, according to CF Benchmarks, a digital asset index provider, Bitwise Asset Management and traders. 🔶 The most actively traded ETFs were Grayscale's Ethereum Trust , with more than $450 million in turnover, the iShares Ethereum Trust (ETHA.O) with about $245 million in trading, and Fidelity Advantage Ether ETF (FETH.Z) with $137 million, Bitwise said. #MiCALawyer #MiCA #CryptoCompliance #CryptoRegulation #BlockchainLaw #BlockchainLawyer #Web3 #DeFi

The SEC has approved eight spot #Ethereum #ETFs in the US. It is the first crucial step, but all ETFs must overcome one more hurdle (S-1 registration statements) before trading starts, which can take a few more weeks or months. 1 – Grayscale Ethereum Trust 2 – Bitwise Ethereum ETF 3 – iShare Ethereum Trust 4 – VanEck Ethereum Trust 5 – ARK 21Shares Ethereum ETF 6 – Invesco Galaxy Ethereum ETF 7 – Fidelity Ethereum Fund 8 – Franklin Ethereum ETF The decision comes four months after spot #Bitcoin #ETFs were approved in January 2024. It is important to note that all approved ETFs will hold Ethereum directly without engaging in proof-of-stake validation or generating new ether.

We are delighted to celebrate another major milestone for the #digitalasset class. Today, Franklin Templeton has launched its Spot Ether ETP (Franklin Ethereum ETF) under the ticker EZET. A massive congratulations to the entire team at Franklin Templeton, from all of us at CF Benchmarks. Just like Franklin Templeton’s Spot Bitcoin ETP which launched in January, this new investment vehicle will determine NAV with a regulated price benchmark from CF Benchmarks, in this case the CME CF Ether-Dollar Reference Rate - New York Variant (ETHUSD_NY). Our CEO, Sui Chung said, “We are immensely proud that in approving the spot Ether ETPs, the SEC cited CF Benchmarks’ data in their comment letter. This acknowledgement validates our rigorous empirical approach to constructing benchmark pricing that ensures reliability, accuracy and integrity.” Explore our crypto ETP resources https://lnkd.in/eYu-UgMW #crypto #ether #etfs #etheretf #ethereumetf

Monochrome Ethereum ETF Launches in Australia on October 15 🇦🇺 ☑️ Monochrome Asset Management is launching the first spot Ethereum ETF in Australia on Cboe this October 15th, at 10 AM AEDT. 🔹 Ticker: IETH 🔹 Feature: First ETF allowing in-kind Ethereum subscriptions and redemptions, offering potential tax benefits. ☑️ CEO Jeff Yew said it provides a regulated, dual-access way for retail investors to access Ethereum, helping avoid capital gains tax by maintaining ownership. ☑️ Key Points: 🟠 First dual-access crypto ETP on ASX 🟠 Follows the successful Bitcoin ETF launch 🟠 Expands regulated crypto options in Australia 🔗 For more detail (https://lnkd.in/gwnV_uPZ) #EthereumETF #CryptoInvesting #Australia #Monochrome #CryptoRegulation

We are delighted to celebrate another major milestone for the #digitalasset class. Today, BlackRock has launched its Spot Ether ETP (iShares Ethereum Trust ETF) on Nasdaq under the ticker ETHA. A massive congratulations to the entire team at BlackRock, from all of us at CF Benchmarks. Just like BlackRock’s Spot Bitcoin ETP which launched in January, this new investment vehicle will determine NAV with a regulated price benchmark from CF Benchmarks, in this case the CME CF Ether-Dollar Reference Rate - New York Variant (ETHUSD_NY). Our CEO, Sui Chung said, “We are immensely proud that in approving the spot Ether ETPs, the SEC cited CF Benchmarks’ data in their comment letter. This acknowledgement validates our rigorous empirical approach to constructing benchmark pricing that ensures reliability, accuracy and integrity.” Explore our crypto ETP resources https://lnkd.in/eYu-UgMW #crypto #ether #etfs #etheretfs #ethereumetfs

Spot Ethereum ETF Approval Could Send ETH to a New Record High, Says Bitwise CIO Matt Hougan ➡️ Read All : https://lnkd.in/eHnpD2Xq The chief investment officer of crypto fund manager Bitwise is predicting new all-time highs for Ethereum (ETH) if spot ETH exchange-traded funds (ETFs) are ultimately... [...] #CryptoFundManager #Bitwise #ETHETFs #InvestorInflows #DigitalAssets #Crypto #Ethereum #NBTC

ETHEREUM ETFS ABOUT TO STEAL 10-20% OF BITCOIN ETF FLOWS - Spot #Ethereum ETFs, when finally launched in full, are expected to capture as much as a fifth of the existing inflows to spot #Bitcoin ETFs in the United States, according to an analyst at leading exchange, Bitfinex. "Forecasts show that spot Ethereum ETFs could capture between 10-20% of the flows that have been going into spot bitcoin ETFs” … said Jag Kooner, Bitfinex’ Head of Derivatives, per The Block. - Kooner believes that investor desire to diversify their portfolios, combined with the unique use cases of $ETH, will drive this demand. - He points to the historical case of Gold vs Silver ETFs, back in the early 2000s. - Gold’s first ETF was introduced in 2004. However, when a Silver counterpart launched in 2006… “investors added these positions and diverted funds to them, particularly due to the increasing demand for silver for industrial uses" Image: Bankrate

Daily Hot Take 🔥 Spot Solana ETF Speculation Heats Up 🔥 ➡ Cboe BZX has filed 4 applications for spot Solana ETFs last week, with proposals from VanEck, 21Shares, Bitwise, and Canary Capital, sparking speculation that SOL could become the third digital asset to be wrapped into an ETF after BTC and ETH. ➡ Rumors suggest the SEC is ‘engaging’ with the sponsors, raising hopes that a post-election SEC might approach these applications differently than before (earlier filings were withdrawn prior to acknowledgment). Under Gensler's SEC, the existence of BTC and ETH futures on the CME played a key role in the approval. Whether this precedent will hold remains to be seen, as CME does not currently offer SOL futures trading. ➡ That said, the demand for a SOL ETF may not match that of BTC. For context, global pre-ETF total AUM for ETH ETPs was $16 billion (see Modeling Spot ETH ETF Inflows for more), compared to the current $10 billion for spot ETH ETFs. In contrast, pre-ETF SOL ETPs currently hold a much smaller AUM of $2.6 billion.    #bitcoin #btc #crypto #blockchain #ETF #solana #cboe #vaneck #21shares #bitwise #canary #ethereum #ether #eth #cme

🌐 Bitwise has registered a Solana ETF trust in Delaware, potentially signaling an upcoming S-1 filing with the SEC. 🔘 If approved, the ETF will track Solana's price movements, adding to Bitwise's existing crypto offerings. #rcz #etf #bitwise #solana #crypto #news