๐Spot Ether ETFs are on the horizon, with U.S. SEC Chair Gary Gensler hinting at a September launch! Roxanna Islam from VettaFi breaks down the S-1 filings, revealing potential custodian concentration with Coinbase as the popular choice.
๐What's in the S-1s? Creation/redemption baskets vary among issuers, fees are still TBD, and risk factors, while intimidating, are standard. Investors need to weigh ETF investment vs. direct investment pros and cons.
๐ขIn the Ether ETF race, Ark drops out, leaving 21Shares as the sole issuer, while ProShares enters the game.
๐กEric Tomaszewski from Verde Capital Management sees the ETF as a milestone for digital assets, creating easier access for the average person and a regulatory framework for institutional adoption.
๐ฎAs we anticipate the Ether ETF approval, the pathway for other crypto ETFs becomes clearer. What are your thoughts on the upcoming Ether ETFs? Let's discuss in the comments! #Crypto #ETFs #Ether