Cryptocurrencies
Wall Street’s ETF Engine Revs Up After Ether ETF Debut
- Issuers hoping to put out new crypto funds after Ether debuts
- Bitcoin ETFs see big demand, with net inflows of $17.5 billion
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Barely 48 hours after US regulators approved Ether ETFs tracking the world’s second-largest cryptocurrency, asset managers are rushing to crank out fresh products for the fledgling digital-asset class.
ProShares on Wednesday updated its prospectus for six funds that go long or short Bitcoin or Ether. Recently, Hashdex said it was looking to package both tokens into one investment box. Issuer VanEck, meanwhile, last month said it was hoping to debut an ETF based on Solana, the fifth-largest cryptocurrency, even as analysts say that the road to such a launch would be rocky.