Powerful infestors have secured spot trades for Ethereum

After nine years of waiting and months of intense news monitoring, the issue of $ETH issuers has been resolved. For now, this is a small victory that gives hope for big changes. After the fight between the SEC and $BTC, a number of investment companies received permission to place Ethereum spot ETFs in the US. An exchange-traded fund (ETF) is listed on stock exchanges and allows investors to buy stocks that reflect the true price of companies, gold, securities, foreign currencies and, now, cryptocurrencies. After Bitcoin, Ethereum has become the second digital asset available on the exchange, as well as the second in the world in terms of value capitalization. 

It will be possible to buy spot ETF Ethereum by the end of 2024 after all the necessary documents have been approved. However, humanity has waited too long not to wait a little longer. 11 companies became the issuers: BlackRock is the largest asset manager in the world and a management position that sees tokenization as the future; Grayscale is a leading promoter of Bitcoin ETF trading, aiming to develop Ethereum ETFs as well; ARK Invest — was one of the initiators of filing an application with the SEC; Fidelity — plans to start trading this November; VanEck — offered to do it as early as 2021, for some reason took the application, but returned it again; Hashdex — already has several ETFs for Brazil, but wants the same in the US; Franklin Templeton is a Wall Street giant who understands the importance of cryptocurrencies; Invesco is a trading giant that will list Galaxy Digital partners as its agent; Bitwise — Only joined the bids in March, but knows what others are doing. 

Interest in Ethereum spot ETFs is only growing, which inspires hope for the strengthening of ETH and the inflow of capital for the development of the blockchain. So stay tuned for news and of course the Ethereum price!

#ETH #BTC #SEC