Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Cryptocurrency»Ethereum cryptocurrency reaches the NYSE
    Cryptocurrency

    Ethereum cryptocurrency reaches the NYSE

    July 24, 20242 Mins Read


    Eight Ethereum ETFs will operate alongside the digital asset fund manager Grayscale and other investment funds like BlackRock, Franklin Templeton, 21Shares, Bitwise, VanEck, Invesco Galaxy, and Fidelity.

    The U.S. Securities and Exchange Commission (SEC) approved the listing of eight Ethereum cryptocurrency ETFs on the U.S. stock exchange.

    This marks the second cryptocurrency to officially enter Wall Street, following Bitcoin’s debut on January 10th through 13 funds. The regulator approved the listing in May, and this Tuesday, trading began for the eight cryptocurrency instruments, valued at $3.40 per unit.

    During Bitcoin’s launch in January, $4.7 billion was formally invested on the first day of trading.

    By mid-July, Bitcoin’s managed assets reached $17 billion. However, a study by Galaxy Research estimated that Ethereum’s revenues could reach $1 billion in five months, though some experts believe it could rise to $4 billion.

    ETH/USD

    Richard Teng, CEO of Binance, the leading blockchain ecosystem, predicted that capital will flow into the cryptocurrency instrument, but the initial surge is unlikely to be dramatic and will depend largely on various economic factors.

    He added that the liquidity potential of the new instrument is significant, as SEC approval formalizes its use among institutional investors. Since Bitcoin’s arrival at the NYSE Arca and the Chicago Board Options Exchange, Ethereum’s price has increased by 35%, as formal trading was anticipated.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    SBP to Roll Out Pilot for Pak’s Own Digital Currency

    Cryptocurrency

    Digital Currency Coming to Pakistan: SBP Confirms Pilot Launch Plan

    Cryptocurrency

    Pakistan to launch digital currency? Here’s all you need to know

    Cryptocurrency

    SBP plans pilot for digital currency – Newspaper

    Cryptocurrency

    Cryptocurrency News Live: Bitcoin, Ethereum, Solana prices today; memecoin updates

    Cryptocurrency

    Pakistan plans digital currency pilot

    Cryptocurrency
    Leave A Reply Cancel Reply

    Top Picks
    Precious Metal

    Surge Copper publie des résultats géotechniques qui confirment la conception de la fosse et la croissance des ressources à Berg

    Commodities

    Au cœur du tiers-lieu ZAÏ, la métallurgie rallume l’espoir et les projets collectifs dans ce village de l’Ariège

    Stock Market

    Nasuni obtient le statut de compétence AWS Energy & Utilities (domaine de l’énergie et des services publics)

    Editors Picks

    Kinross Gold annonce le renouvellement de l’offre publique de rachat dans le cours normal des activités -Le 19 mars 2025 à 22:03

    March 19, 2025

    Paris Olympics live: Arisa Trew wins skateboarding gold, Boomers lose to Serbia in overtime, Ellie Cole and Melissa Wu miss diving medals

    August 6, 2024

    Hindustan Copper reprend la production de minerai à la mine de cuivre de Kolihan

    April 10, 2025

    Tariffs, both real and threatened, will likely complicate agricultural production, marketing

    March 10, 2025
    What's Hot

    The common problem that could be wiping £50k from your property value | UK | News

    March 13, 2025

    ALP Utilities shares details of new operations center – Alexandria Echo Press

    July 17, 2024

    Sponges accumulate toxic metals as a survival strategy

    August 21, 2024
    Our Picks

    Top SEHK Dividend Stocks To Watch In October 2024

    October 28, 2024

    Bunge close to getting China ruling on Viterra deal

    June 12, 2025

    UK insurers rein in cover as rising flood threat causes headache for landlords

    August 8, 2024
    Weekly Top

    Le projet d’usine de GNL de Marinvest Energy serait-il cohérent avec les cibles climatiques du gouvernement du Québec?

    July 9, 2025

    Why China’s jewellery giants are selling less amid a precious metal boom 

    July 9, 2025

    SBP plans pilot for digital currency – Newspaper

    July 9, 2025
    Editor's Pick

    3 High-Yield Dividend Stocks On The Japanese Exchange With Up To 3.7% Yield

    July 11, 2024

    This fintech stock is showing signs of life, according to the charts

    August 21, 2024

    Le plus grand teneur de marché de la Bourse de New York veut se lancer dans les cryptomonnaies

    February 25, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

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