Ether ETFs Receive Final Approval From SEC

Zacks07-24

Exchange-traded funds (ETFs) holding ether (ETH) officially started to trade in the United States on Jul 23, 2024, following the final approval from regulators on Monday. This puts the world’s second-...

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This puts the world’s second-...</p>\n\n<a href=\"https://finance.yahoo.com/news/ether-etfs-receive-final-approval-120000825.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4504","symbol_name":"桥水持仓","start_time":0,"source_url":"https://finance.yahoo.com/news/ether-etfs-receive-final-approval-120000825.html","article_id":"2453100222","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/1kc2ixHPgVPKuRaOLWkSgw--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/e96a84c87c2343aec490ae649947fc9c"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2453100222","pubTimestamp":1721822400,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Exchange-traded funds  holding ether  officially started to trade in the United States on Jul 23, 2024, following the final approval from regulators on Monday. This puts the world’s second-largest cryptocurrency in an investment vehicle favored by many professional investors and advisors.The Securities and Exchange Commission  has granted approval to BlackRock BLK, Fidelity, Franklin Templeton, Grayscale, and 21 Shares, as announced by the companies. The move positions ether, the world’s second-largest cryptocurrency, as a potential inclusion in 401s, IRAs, and pension plans, enhancing its mainstream acceptance. The approvals come about six months after the SEC allowed many of these same money managers to launch ETFs holding bitcoin , the world’s largest cryptocurrency.This development points to the recent success that the crypto industry has achieved in terms of regulation. This also increases the chances of more favorable regulation and introduction of new products. It comes just day","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4504":"桥水持仓","ETHW":"Bitwise Ethereum ETF","BK4135":"资产管理与托管银行","QETH":"Invesco Galaxy Ethereum ETF","LU2592432038.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"A\" (USD) ACC","LU1670627923.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","CETH":"21Shares Core Ethereum ETF","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","FETH":"Fidelity Ethereum Fund","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","FDN":"First Trust Dow Jones Internet I","LU2505996681.GBP":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (GBPHDG) INC","BK4567":"ESG概念","BTC":"Grayscale Bitcoin Mini Trust","BK4594":"比特币ETF概念","EZET":"Franklin Ethereum Etf","BK4585":"ETF&股票定投概念","LU2505996509.AUD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (AUDHDG) INC","ETH":"Grayscale Ethereum Mini Trust","BK4534":"瑞士信贷持仓","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU1291159041.SGD":"CPR Invest - Global Silver Age A2 Acc SGD-H","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","ETHA":"iShares Ethereum Trust ETF","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","BLK":"贝莱德","LU0731783394.SGD":"Fidelity Global Dividend A-MINCOME(G)-SGD","BK4535":"淡马锡持仓","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","ETHE":"Grayscale Ethereum Trust","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU1599440770.SGD":"FIDELITY GLOBAL DIVIDEND \"A\" (SGDHDG) INC","BK4588":"碎股","BK4550":"红杉资本持仓","LU1989771016.USD":"东方汇理环球老龄化投资基金 A2 Acc","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU1670628061.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) INC","LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","IBIT":"iShares Bitcoin Trust","ETHV":"Vaneck Ethereum ETF","LU2430703251.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (USD) INC","BK4581":"高盛持仓"},"translate_title":"以太ETF获得SEC最终批准","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"QETH":1,"FETH":1,"EZET":1,"ETHW":1,"ETHV":1,"ETHE":1,"ETHA":1,"ETH":1,"CETH":1,"BTC":1,"FDN":0.9,"BLK":0.9,"IBIT":0.8},"content_text":"Exchange-traded funds (ETFs) holding ether (ETH) officially started to trade in the United States on Jul 23, 2024, following the final approval from regulators on Monday. This puts the world’s second-largest cryptocurrency in an investment vehicle favored by many professional investors and advisors.\nMajor Financial Firms Launch Ether ETFs\nThe Securities and Exchange Commission (SEC) has granted approval to BlackRock BLK, Fidelity, Franklin Templeton, Grayscale, and 21 Shares, as announced by the companies. The move positions ether, the world’s second-largest cryptocurrency, as a potential inclusion in 401(k)s, IRAs, and pension plans, enhancing its mainstream acceptance. The approvals come about six months after the SEC allowed many of these same money managers to launch ETFs holding bitcoin (BTC), the world’s largest cryptocurrency.\nCrypto Industry's Regulatory Success\nThis development points to the recent success that the crypto industry has achieved in terms of regulation. This also increases the chances of more favorable regulation and introduction of new products. It comes just days before the speech of Donald Trump, the Republican nominee for president, at the Bitcoin 2024 conference in Nashville, where he is expected to offer his support.\nPolitical Support for Cryptocurrencies\nTrump and many Republicans have embraced digital assets, contrasting with the Biden administration's crackdown on major industry players following a market meltdown in 2022. The GOP's 16-page party platform stated, \"Republicans will end Democrats’ unlawful and unAmerican Crypto crackdown.\" Trump, who previously referred to Bitcoin as a \"scam,\" called cryptocurrencies \"amazing\" in a recent Bloomberg interview.\nBitcoin and Ether Price Trends\nBitcoin's price has risen over 9% in the past month to around $65,000. Ether has increased by more than 3% over the past month and is up 53.8% in the past six months. The trading of ether ETFs signifies wider public acceptance of digital assets by prominent Wall Street figures.\nCan BlackRock Replicate Bitcoin’s Success in Ether?\nBlackRock received approval in January to issue a spot Bitcoin ETF. Its iShares bitcoin ETF IBIT experienced $18 billion in net inflows in its first six months. On Monday, BlackRock announced that its registration statement for the iShares Ethereum Trust ETF (ETHA) had been declared effective by the SEC.\nETFs in Focus \nNew ether ETFs include Grayscale Ethereum Mini Trust (ETH) (charges 15 bps in fees), Franklin Ethereum ETF (EZET) (charges 19 bps in fees), Vaneck Ethereum ETF (ETHV) (charges 20 bps in fees), Bitwise Ethereum Fund (ETHW) (charges 20 bps in fees), 21Shares Core Ethereum ETF (CETH) (charges 21 bps in fees), Fidelity Ethereum Fund (FETH) (charges 25 bps in fees), Invesco Galaxy Ethereum ETF (QETH) (charges 25 bps in fees), iShares Ethereum Trust (ETHA) (charges 25 bps in fees) and Grayscale Ethereum Trust (ETHE) (expense ratio is 2.50%).\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nBlackRock, Inc. (BLK) : Free Stock Analysis Report\niShares Bitcoin Trust (IBIT): ETF Research Reports\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Policy And Regulatory","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.3","shortVersion":"4.26.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2453100222"}