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There’s a lot of tech wizardry going on behind the scenes that makes it all possible
Plus, are people still excited about the ETH ETFs?
The Grayscale Ethereum Trust exchange-traded fund conversion removes discounts and lock-in periods, which could prompt investors to sell their shares for cheaper ETFs from issuers like BlackRock and Fidelity, an analyst said.Outflows from the converted Grayscale’s Ethereum Trust could weigh on the price of ether in the initial period after the launch of ETF trading, the analyst added.
Share link:In this post: Grayscale moved $1 billion worth of Ethereum to Coinbase to prepare for the launch of its spot Ethereum ETFs on the NYSE and other platforms. Coinbase will be the custodian for eight of the nine new Ethereum ETFs. Grayscale’s Ethereum ETF has a high management fee of 2.5%, which is much higher than competitors like BlackRock and Fidelity.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information
Kaiko’s latest analysis suggests that Ether’s price will be sensitive to spot ETF inflows, given the low demand for futures products back in late 2023.