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Following the recent approval of the Spot Ethereum ETFs last month, one analyst has predicted that the investment vehicle will capture as much as 20% of Spot Bitcoin ETF flows. Indeed, cryptocurrency exchange Bitfinex’s head of derivatives, Jag Kooner, predicted the performance of the ETH offering. Both Ethereum and Bitcoin represent the only two crypto-based ETFs in the United States. Moreover, since its approval in January, BTC has had one of the most successful exchange-traded products in the country’s history. Now, there is the expectation that Ethereum could capture a fifth of the flows going into the Bitcoin offering. Source: Watcher.Guru Also Read: Can Ethereum ETFs Garner High Demand Like Bitcoin ETF s? Ethereum ETF to Capture 10%–20% of Bitcoin ETF Flows With the midpoint of 2024 fast approaching, the year has seen the digital asset sector climb to the forefront. Dominating discussions within finance, crypto-based ETFs have been a massive part of ...

The U.S. Securities and Exchange Commission (SEC) has delayed its review of Invesco Galaxy’s Ethereum (ETH) spot ETF. Setting a new deadline of Feb. 6, the SEC has pushed back the applications of a spot ETH ETF that would allow the Cboe BZX Exchange to list and trade shares of the Invesco Galaxy Ethereum ETF. “The 45th day after publication of the notice for this proposed rule change is December 23, 2023. The Commission is extending this 45-day time period.” SEC In September, asset managers Invesco and Galaxy Digital submitted a joint filing to SEC to launch an Ethereum-based ETF. The tool will reflect the spot price of the second-largest cryptocurrency by capitalization. ETH will be stored by a separate custodian, who has not yet been named. The SEC was supposed to decide on the application by Dec. 23. You might also like: Invesco submits new spot bitcoin ETF application In addition to Invesco, last week the Commission announced that it will not have time to...

Grayscale Investment has officially filed with the US Securities and Exchange Commission (SEC) to convert its ETH trust to a Spot Ethereum ETF. Specifically, the decision will convert its Grayscale Ethereum Trust (ETHE), which remains the largest Ethereum investment offering in the world with almost $5 billion in managed assets. Additionally, the decision comes after the investment company earned a vital win against the SEC in court this year. Subsequently, they are now awaiting a renewed review of the filing made to convert their Grayscale Bitcoin Trust into a Spot Bitcoin ETF. JUST IN: Grayscale submits SEC application to convert its #Ethereum trust to spot ETF. — Watcher.Guru (@WatcherGuru) October 2, 2023 Also Read: Grayscale Files for New Ether Futures ETF Grayscale Set to Convert Ethereum Trust into Spot ETF Over the course of the year, exchange-traded funds have seen renewed interest within the digital asset industry. Specifically, a host of companies have o...