Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • A Fund That Buys Recent IPO Stocks: Should You Invest?
    • Morgan Wallen walks out with Barry Bonds, Steve Young at Santa Clara concert
    • Zee Business Mutual Fund Awards 2025: From ICICI to SBI, major AMCs shine as industry celebrates Rs 75 lakh crore milestone
    • Back to basics: Multi-factor mutual funds in India
    • Zee Business Mutual Fund Awards 2025: Industry leaders, top fund houses honoured across 9 categories
    • Private-credit ETFs are here. Why your -2-
    • Best mutual Fund types for retirement planning – Money Insights News
    • Spot Bitcoin ETFs See $812M Outflow as Ether ETFs Break 20-Day Inflow Streak
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»ETFs»Why the new spot ether ETFs may ‘be a hit’ despite recent weakness
    ETFs

    Why the new spot ether ETFs may ‘be a hit’ despite recent weakness

    July 26, 2024


    It’s a historic week for the cryptocurrency markets with spot ether exchange-traded funds making their debut.

    Franklin Templeton is one of the nine spot ether ETF applicants which got approval Tuesday from the Securities and Exchange commission.

    The firm is behind the Franklin Ethereum ETF (EZET) — now down about 10% since its inception as of Thursday’s close. The losses were sparked by the sell-off in cryptocurrencies.

    “We think they’ll be a hit. Whether they’re going to get the same amount of assets is… probably unlikely,” said David Mann, the firm’s head of ETF product and capital markets, told CNBC’s “ETF Edge” on Tuesday. “But it’s still pretty awesome.” 

    VanEck, a global investment manager, is behind the VanEck Ethereum ETF (ETHV) which also got approval.

    CEO Jan Van Eck expects spot ether ETFs will help investors diversify, but he sees a different energy level for spot ether ETFs.

    “I don’t think they’re going to be the same, same kind of hit [as spot bitcoin ETFs]” Van Eck said.

    His new fund is also down sharply since Tuesday.

    Long-term, Morningstar’s Ben Johnson considers the volumes for spot ether ETFs as normal because they’re roughly proportional to the relative market cap of ether versus bitcoin. 

    “There’s healthy appetite. There’s healthy volume. There’s healthy demand there,” the research firm’s head of client solutions said.  “[The ETFs are] opening up access to new markets, new portions of the investment opportunity set for investors and putting that in a package that is cost effective. It’s convenient, and it’s compatible with the way that more investors are building their portfolios these days.”

    Ether dropped sharply on Thursday. As of the market close, it’s down about 11% for the week. However, ether is still up 38% so far this year.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Private-credit ETFs are here. Why your -2-

    August 2, 2025

    Spot Bitcoin ETFs See $812M Outflow as Ether ETFs Break 20-Day Inflow Streak

    August 2, 2025

    Increasingly popular buffered ETFs offer downside protection

    August 1, 2025
    Leave A Reply Cancel Reply

    Top Posts

    A Fund That Buys Recent IPO Stocks: Should You Invest?

    August 2, 2025

    Qu’est-ce qu’un green bond ?

    December 7, 2017

    les cat’ bonds deviennent incontournables

    September 5, 2018

    ETF : définition et intérêt des trackers

    May 15, 2019
    Don't Miss
    Mutual Funds

    A Fund That Buys Recent IPO Stocks: Should You Invest?

    August 2, 2025

    The primary markets have been buzzing with many companies coming with new issues. Some of…

    Morgan Wallen walks out with Barry Bonds, Steve Young at Santa Clara concert

    August 2, 2025

    Zee Business Mutual Fund Awards 2025: From ICICI to SBI, major AMCs shine as industry celebrates Rs 75 lakh crore milestone

    August 2, 2025

    Back to basics: Multi-factor mutual funds in India

    August 2, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Want to Invest in Artificial Intelligence (AI) Safely? Buy These 3 ETFs

    October 20, 2024

    Huntington’s bond rating upgraded to AAA

    July 14, 2024

    Bettendorf gourmet candy shop to host ‘Sip and Shop Spooktacular’ Sunday

    October 19, 2024
    Our Picks

    A Fund That Buys Recent IPO Stocks: Should You Invest?

    August 2, 2025

    Morgan Wallen walks out with Barry Bonds, Steve Young at Santa Clara concert

    August 2, 2025

    Zee Business Mutual Fund Awards 2025: From ICICI to SBI, major AMCs shine as industry celebrates Rs 75 lakh crore milestone

    August 2, 2025
    Most Popular

    ₹10,000 monthly SIP in this debt mutual fund has grown to over ₹70 lakh in 23 years

    June 13, 2025

    ₹1 lakh investment in these 2 ELSS mutual funds at launch would have grown to over ₹5 lakh. Check details

    April 25, 2025

    ZIG, BUZZ, NANC, and KRUZ

    October 11, 2024
    © 2025 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.