Good news for the crypto market!
The SEC approved 9 spot#EthereumETFs!
This development is expected to attract more investors to join!
So here are 7 things you need to know:
1. Approved ETF providers include: 21Shares, Bitwise, BlackRock, Fidelity, Franklin Templeton, VanEck, Invesco Galaxy and Grayscale. )
2. Spot Ethereum ETFs are expected to see lower demand than Bitcoin ETFs, perhaps only 10-15% of the assets acquired by Bitcoin products.
3. Future developments for Ethereum ETFs may include adding a staking component and options trading, subject to SEC approval.
4. The Ethereum ecosystem has more than 15 million monthly active addresses
5. Smart contract deployment on Ethereum to grow 300% in 2023
6. By increasing Ethereum usage, spot ETH ETF investors will help boost the utility of Ether and contribute to the development of the entire crypto ecosystem.
7. CB is the custodian of 8 of the 9 newly approved ETH ETFs
While#EthereumETFsmay not see as high levels of demand as#BitcoinETFs, they still represent an important expansion of crypto investment options for traditional investors.
Landfill!
