NEWSLETTER
The United States Stock Exchange and Securities Commission (SEC) has delayed a decision on whether to approve Ether's stagnation in two funds in gray scale.
The decision on the Etherum Trust ETF gray scale and the ethereum Mini Trust ETF gray scale has been postponed until June 1, aCacordant to an advertisement of April 14 of Sec. The deadline for a decision is at the end of October.
On February 14, the New York Stock Exchange (NYSE) presented a proposed rule change in the name of the gray scale that would allow investors in the ETF of the company's ether (eth) to bet their holdings.
Bet is the process of blocking cryptocurrency in a wallet to support the operations and safety of a blockchain network, offering rewards in return. The characteristic is considered a potentially comprehensive part of the ETF of ether, since it could generate a performance for investors, which increases the attractiveness of the funds.
The announcement of the SEC of the delay. Fountain: SECOND
The annual yield in stamped ether is estimated at 2.4% in Coinbase, while in Kraken, another exchange with headquarters in the United States, varies from 2% to 7%. According to Sosovalue, ETFs of ether have <a target="_blank" data-ct-non-breakable="null" href="https://sosovalue.com/assets/etf/us-eth-spot” rel=”null” target=”null” text=”null” title=”null”>had A net cumulative entry of $ 2.28 billion since its launch in 2024.
The race for the rethinking in ETF ETFs includes other asset administrators, including the 21Shares Ishares ethereum Trust of Blackrock. The company sought permission to offer rethinking services in February and is currently waiting for the agency's approval.
Sec approves options for multiple ETF of Ether Spot
Despite the delay in the rethinking presentations, the SEC is advancing with the regulatory requests surrounding cryptographic ETFs.
On April 9, the agency approved the options that are negotiated for multiple ETFs of Ether Spot, which allows the characteristic of the defeats in the Blackrock funds, the Bitwise and Grayscale ETFs.
The option of options implies the right to buy and sell contracts that give investors the right, but not the obligation to buy an asset at a certain price. The approval expands the usefulness of funds for institutional investors.
The efforts to expand the attractiveness of ETF of ether reflect the lack of adoption in contrast to the bitcoin ETF (btc) launched in January 2024. While the ETFs of ETHER accumulated a net cumulative entry of $ 2.2 billion as of April 11, bitcoin Funds Flows exceeded $ 35.4 billion <a target="_blank" data-ct-non-breakable="null" href="https://sosovalue.com/assets/etf/us-btc-spot” rel=”null” target=”null” text=”null” title=”null”>according to Sosovolude.
Ether has also had a difficult time during this upward market compared to other assets such as XRP (XRP) and Solana (Sol). The maximum of 52 weeks of $ 4,112 of the asset did not exceed its maximum maximum value of November 2021 of $ 4,866. The Token is quoted below the $ 2,000 brand on April 14.
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