BlackRock’s Spot Ethereum ETF is Now Trading in Pre-Market

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Cryptodnes2024/07/23 10:37

By:Cryptodnes

The 22nd of July was a significant date for the cryptocurrency space with the approval of spot Ethereum ETFs.

A few hours after the S-1 approval (which means the ETF issuers are now officially ready to start their investment products) we can already see that these spot ETFs are trading in pre-market – like BlackRock’s iShares Ethereum Trust ETF (ETHA).

BlackRock also posted a video for Ethereum ETF investors.

Although this news is significant, Ethereum’s price is fluctuating, currently trading at $3,540 after a 1% surge in the past 24 hours. The price of ETH fell below $3,500, following BTC’s decline to around $66,300.

Ethereum ETFs are expected to register significant inflows, but not as much as spot Bitcoin ETFs did after their start.

Cardano Surges with Major Milestones and Growing Ecosystem

This however is a historic moment for the cryptocurrency community as this is the first altcoin ETF to get approval for non-crypto investors to get exposure.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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