Previous Close | 90,288.56 |
Open | 90,288.56 |
Day's Range | 88,323.48 - 90,599.61 |
52 Week Range | 33,856.79 - 99,397.77 |
Start Date | 2010-07-13 |
Algorithm | N/A |
Market Cap | 1.755T |
Circulating Supply | 19.73M |
Max Supply | N/A |
Volume | |
Volume (24hr) | 49.16B |
Volume (24hr) All Currencies | 49.16B |
Spot ether ETFs launched Tuesday, attracting over $1 billion in inflows on their debut day. ETF Expert Dave Nadig joins Wealth! to discuss the key differences between the ETF and the actual cryptocurrency. Nadig highlights that the primary distinction between ethereum (ETH-USD) and spot ether ETFs lies in "staking." He explains that SEC regulations for approval prohibited ETFs from participating in staking, meaning "you're not getting the yield you would get if you were a long-term buy and hold Eth[ereum] holder on chain." Despite this difference, Nadig encourages investors to maintain diversification within the crypto space. He views the spot ether and bitcoin ETFs as "the beginning of a diversified play" in the cryptocurrency market. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith
Spot ether ETFs have reportedly accrued $10.2 billion in assets across just nine funds since firms began trading the ethereum-exposed (ETH-USD) products on Tuesday. Jared Blikre takes a look at cryptocurrency trends before turning his attention to the commodities space, including copper (HG=F) and crude oil (CL=F, BZ=F) prices. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
The surging trading volumes helped the bank reach profitability for the first time.