.bloomberg on Ethereum Futures ETF race: Six asset managers are waiting for SEC decisions EthereumETF
Local asset manager Purpose Investments with $15 billion in AUM released this ETF on Toronto Stock Exchange.Futures and spot ETFs on cryptocurrencies are considered as game-changers for the investment world. They will eliminate the necessity for companies to store Bitcoin and Ethereum physically in digital custody.
As such, wealth managers will be able to invest in crypto just like they do with"regular" exchange-traded products. This, in turn, might trigger the injection of capital into the sphere and can be a possible catalyst for a cryptocurrency bull run. As covered by U.Today, seasoned crypto VC Vance Spencer stressed that the launch of a spot Bitcoin ETF would result in many other crypto-based products being greenlighted.
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