Financial Markets’ Post

#Metaverse Franklin Templeton Applies to SEC for spot Ethereum ETF: Franklin Templeton is the most recent Wall Street firm to apply to the SEC for a spot Ethereum exchange-traded fund (ETF) in the United States. The organization, which manages assets worth $1.5 trillion, formally filed Form S-1 with the United States Securities and Exchange Commission (SEC) on February 12. It would be trading on the […] The post Franklin Templeton Applies to SEC for spot Ethereum ETF appeared first on Coinscreed.

You know 𝒘𝒉𝒐 𝒄𝒂𝒏 "front run" the ETF approval?👉 𝐑𝐞𝐭𝐚𝐢𝐥 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬!💥 ⬇️⬇️⬇️ #studybitcoin and take #selfcustody of the underlying asset 𝒃𝒆𝒇𝒐𝒓𝒆 the largest institutions in the world with AUM are allowed to flood the market with demand.

Passive allocation into BTC ETFs does not require every investor to be orange pilled…Blackrock Strategic Income Opportunity Fund (and others) now allocating into BTC via ETFs. How important is this trend? 1) only Blackrock decides whether it is suitable for the SIO Fund. Once they do, and they did, everyone in the $36billion fund has exposure 2) while many brokerage houses are still contemplating allowing clients to invest directly into the BTC ETFs (Vanguard, Edward Jones, LPL, etc), all of them have approved the SIO fund. Get it? https://lnkd.in/eFVDRC2A

SEC Seeks Updated Ethereum ETF Filings by Friday The SEC has requested issuers of spot Ethereum ETFs to submit amended S-1 filings by Friday, with potential delays in trading for several weeks. In accordance with sources who are aware of the topic, the United States Securities and Exchange Commission (SEC) has reportedly requested that issuers of spot Ethereum exchange-traded funds (ETFs) submit amended […] SEC Seeks Updated Ethereum ETF Filings by Friday #ArkInvest #BlackRock #ETFFilling

Grayscale and Bitwise have partnered with NYSE American LLC to seek SEC approval for options trading on Ethereum ETFs, including the Bitwise Ethereum ETF, Grayscale Ethereum Trust, and Grayscale Ethereum Mini Trust. This proposal aims to provide investors with more flexibility and risk management tools for Ethereum investments. The introduction of options could boost investment strategies and risk management in volatile markets. The SEC has opened a 21-day public comment period for feedback on this proposal. https://lnkd.in/eCqXHkw5

SEC Delays BlackRock, Fidelity Ethereum ETF Plans SEC has postponed its decision on whether to accept or reject spot Ethereum exchange-traded funds (ETFs) from BlackRock and Fidelity. The US Securities and Exchange Commission (SEC) has delayed its decision on whether to approve or deny spot Ethereum exchange-traded funds (ETFs) proposed by BlackRock and Fidelity. In two different filings on March 4th, the SEC stated that it would postpone deciding on the applications filed by Fidelity for its Ethereum Fund and BlackRock for its iShares Ethereum Trust. The […] SEC Delays BlackRock, Fidelity Ethereum ETF Plans #Cryptocurrencies #EFT #Ethereum

BlackRock and the Nasdaq are seeking to list options on the asset manager's #Ethereum ETF according to a filing on Tuesday. The rule change will only apply to BlackRock’s iShares Ethereum Trust (ETHA), which is the only ETH ETF listed on the Nasdaq. NYSE Acra and Cboe are being used to list the other ETH ETF products from the likes of Franklin Templeton, Bitwise Asset Management, VanEck, Grayscale Investments and more. The U.S. Securities and Exchange Commission (SEC) approved Ethereum ETFs to go live on exchanges in July but has not even authorized options trading on #Bitcoin ETFs, which were listed in January. ETH ETFs have attracted $1.5 billion in net inflows since their launch while BTC ETFs have a total market cap of $71 billion. "The exchange believes that offering options on the Trust will benefit investors by providing them with an additional, relatively lower cost investing tool to gain exposure to spot ether," the filing said. The SEC told six options exchanges in July that had requested to list options on BTC ETFs that it needed more time to reach a decision. Options are financial derivatives used for hedging and speculating, giving the holder the right, but not the obligation, to buy or sell an underlying asset at a predetermined price within a specified time frame. Amid the recent market crash, Bitcoin ETFs have seen their trading volumes surge, reaching $5 billion in daily trading volume, the highest level since April. However, Eric Balchunas, senior ETF analyst at Bloomberg, explained that high trading volume in a market downturn is a "pretty reliable measure of fear." "If you bitcoin bull you actually DONT want to see crazy volume today as ETF volume on bad days is a pretty reliable measure of fear [sic]," he said. "Deep liquidity on bad days is part of what traders and institutions love about ETFs, so you also want to see volume too, good for the long term."

The recent approval of Ethereum ETFs marks a monumental shift in the financial landscape for crypto investors. This isn't just a win; it's a game-changer. For the first time, investors can gain exposure to Ethereum without the complexities of managing digital wallets or navigating the intricacies of cryptocurrency exchanges. This approval signifies a level of regulatory clarity and acceptance that has been sorely lacking in the crypto space. It's a nod to cryptocurrencies' legitimacy and staying power, potentially paving the way for further institutional investment.

Major Asset Managers Push for Ethereum ETFs, Sparking Price Rally Potential Ethereum is poised for a significant uptrend as major asset managers such as BlackRock, Fidelity, Invesco Galaxy, Grayscale, and VanEck have amended their S-1 filings to introduce spot Ether ETFs. The SEC's request for swift responses from all applicants indicates the imminent launch of the first US spot ETH ETF. Currently, Ethereum's price has seen a slight increase of 0.1% over the last 24 hours, reaching $3,498. The SEC granted approval for the 19b-4 forms on May 23, setting the stage for the anticipated final approval of the ETFs by July 2. Industry expert Eric Balchunas from Bloomberg foresees a flurry of amended S-1 filings and anticipates the SEC's conclusive response in the near future. Approval of spot ETFs could trigger a substantial rally in the price of Ethereum, as it mirrors the impact of Bitcoin ETFs, prompting financial institutions to accumulate ETH. # Thank you Nikolai Ivanov for your submission!

Ethereum:- Ethereum ETFs to begin trading next week as SEC puts together final drafts, sources say - https://lnkd.in/dXPVQz_Y The Securities and Exchange Commission (SEC) is asking asset managers to submit final versions of registration statements for Ethereum spot ETFs by Wednesday, with product launches scheduled for July 23, two sources familiar with the SEC process confirmed to Decrypt. The approval process for spot Ethereum ETFs has been remarkably slow