Bonanza de ETH tras la aprobación de tres ETF de Ethereum en Norteamérica en un día cointelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cointelegraph.com Daily Mail and Mail on Sunday newspapers.
ETH bonanza as three North American Ethereum ETFs approved in one day Canadian stock market investors will soon have a wide range of options to choose from when it comes to Ethereum ETFs. 4807 Total views News
While gaining exposure might still be difficult south of the US-Canada border, Canadian investors will shortly have a host of options to choose from to gain exposure to Ethereum (ETH) via an ETF as regulators have approved three different Ethereum ETFs in a single day.
Purpose Investments, Evolve ETFs, and CI Global Asset Management were all approved by Canadian regulators to launch Ethereum-backed ETFs today. The ETFs will be the first ETH ETFs in North America, and among the first in the world.
The Globe and Mail Paul Brent Published April 13, 2021 Bookmark
It has been long-held advice in the investing world that if you don’t understand something, it’s best not to put money into it.
That advice looks to have gone by the wayside when it comes to the gold-rush atmosphere among retail investors for the new and growing crop of bitcoin exchange-traded funds.
The first bitcoin ETF out of the gate, Purpose Financial LP’s Purpose Bitcoin fund (BTCC), has proven wildly popular with investors despite its relatively high management fee of 1 per cent. After less than two months, it already has more than $1.22-billion in assets under management. By comparison, Evolve Fund Group’s Bitcoin ETF (EBIT), launched one day later, has accumulated less than a tenth the assets of the Purpose ETF, despite cutting its management fee shortly after launch to 0.75 per cent..
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As SEC verdict unknown. 08:40
Image: Akos Stiller/Bloomberg
Issuers across the $5.9 trillion US ETF industry are racing to win approval for the first Bitcoin fund, with one big hurdle standing before them: A regulator whose position right now is anyoneâs guess.
At least four firms now have live applications for an exchange-traded fund tracking the largest cryptocurrency, with WisdomTree Investments joining their ranks late last week. VanEck Associates Corp., NYDIG Asset Management and Valkyrie Digital Assets were the names already in the running.
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