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Popular crypto analyst and enthusiast, Doctor Profit has boldly predicted that Ethereum would see a huge parabolic move following the spot ETH ETFs launch before the year closes, which has garnered the interest of the cryptocurrency space.
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Key Takeaways
Grayscale’s Ethereum ETF experienced steep outflows at market debut.
The ETF’s expense ratio stands at 2.5%, the highest for US Ethereum ETFs.
The US Securities and Exchange Commission has issued notices of effectiveness for several Ethereum-related exchange-traded funds (ETFs) as they begin trading today, July 23.
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The transfer occurred a day before the first spot Ether ETFs in the United States are expected to start trading on July 23.
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The approved spot Ether ETF applicants included BlackRock, Fidelity and Grayscale, and are expected to bring billions of dollars into the ecosystem.
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Current GBTC shareholders will receive shares in Grayscale’s new Bitcoin ETF in proportion to what they currently hold in GBTC.
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This week’s Crypto Biz also explores Tether’s new hiring, a takeover bid for Cipher, Grayscale new decentralized AI fund, Ether ETFs, and more.
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Grayscale, one of the issuers of the impending Ethereum exchange-traded funds (ETFs), has lowered the management fee for its Mini Trust to 0.15% from 0.25%, according to a July 18 filing.
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In a move aimed at capitalizing on the growing potential of decentralized artificial intelligence (AI), Bitcoin ETF issuer and crypto asset manager Grayscale has officially launched its new Decentralized AI Fund, which aims to provide investors exposure to protocols within the AI sector of the crypt
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BlackRock’s iShares Ethereum Trust will start at a 0.12% fee until 12 months passes or after it amasses $2.5 billion in net assets, whichever comes first.
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Crypto asset manager Grayscale is launching a new fund centered on decentralized artificial intelligence projects, according to a July 17 statement.
The Grayscale Decentralized AI Fund LLC fund aims to give investors access to the growing AI sector within the crypto ecosystem.
United States spot Bitcoin ETFs notched $422.5 million of net inflows on Tuesday, marking their strongest trading day in more than a month.
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BlackRock, Franklin Templeton, and VanEck have reportedly received preliminary approval from the US securities regulator, sources say.
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