Following the news that Blackrock has applied for a Ethereum Spot ETF, Bradley Duke, Chief Strategy Officer at ETC Group, a leading European provider of exchange-traded products (ETPs) on cryptocurrencies, has provided the following comment.
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Bradley Duke, Chief Strategy Officer at ETC Group
Bradley Duke, Chief Strategy Officer at ETC Group, commented, “Blackrock’s application for an Ethereum Spot ETF further proves that the investment world is readying itself to embrace crypto assets.
Given the SEC had approved both Bitcoin and Ethereum Futures-based ETFs, it makes sense that following any approval of a spot Bitcoin ETF by the SEC, approval of a spot Ethereum ETF would follow closely.
We fully expect this to be the first, not the only Ethereum Spot ETF application and investment managers should be focusing on crypto assets ahead of expected approvals.”
Source : ETFWorld.co.uk
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