@neptunoraymundo
The approvals, which follow those of ether futures ETFs last year, give crypto a firmer toehold in traditional US finance after January’s launch of the first US spot bitcoin ETFs. The price of bitcoin was up more than 51 per cent year to date on Tuesday morning.
“Traditional asset management can no longer ignore crypto as an asset class,” said Matt Hougan, chief investment officer of crypto fund sponsor Bitwise. “I think you’re going to see effectively everyone embrace this space.”
Cboe Global Markets, which lists five of the ether ETFs, said initial trading showed “good market quality”.
“All products opened for trading smoothly, with strong participation from our dedicated market makers who have been actively quoting and providing liquidity from the outset,” Cboe said in a statement.
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