BlackRock, Fidelity, and other big money managers said they got the final approval from regulators to start offering ether ETFs to everyday investors.
U.S. regulators have given final approval for spot exchange-traded funds that hold Ethereum's ether {{ETH}}, giving Americans access to a second major cryptocurrency via the easy-to-trade vehicles. The decision caps a years-long process to get ether ETFs approved by the Securities and Exchange Commission and follows the regulator's approval of bitcoin {{BTC}} ETFs in January. Packaging ether in an ETF wrapper could make them more palatable to conventional investors since the funds can be bought and sold through traditional brokerage accounts.
Bitcoin financial services firm Swan Bitcoin pulled its plan to take the company public, discontinued its managed mining unit and cut staff across several units. Swan CEO Cory Klippsten said in a social media post that the company will still offer bitcoin {{BTC}} financial services and free bitcoin education.
Traders could be forgiven for wanting to cash in after bitcoin's {{BTC}} quick rise of more than 20% to the current $67,000 from its early July lows, but another possibly major positive catalyst might be just days away, said 10x Research founder Markus Thielen.
Trump is considered favorable to the sector and is scheduled to speak at conference for the largest cryptocurrency in Nashville later this week.
HNT is the second-best performing token of the past seven days.
POPCAT become the first cat-themed meme coin to hit $1 billion market capitalization, a resolved Polymarket bet shows.
The general possibility of a crypto-friendly government coming into power is bumping sentiment among professional traders, one firm said.
