Investors Optimistic About New Ethereum ETFs Despite Crypto Market Slump

Benzinga
Benzinga
  • 2 months ago
The Franklin Ethereum ETF and the VanEck Ethereum ETF launched this week, despite recent weakness in the cryptocurrency market. The ETFs have seen losses since launching, reflecting the broader sell-off in cryptocurrencies like Ether.
Transcript
00:00It's Benzinga and here's what's on the block.
00:02The Franklin Ethereum ETF and the VanEck Ethereum ETF launched this week despite recent weakness
00:07in the cryptocurrency market.
00:09The ETFs have seen losses since launching reflecting the broader sell-off in cryptocurrencies
00:13like Ether.
00:14However, fund managers expect them to attract significant investor interest long-term.
00:19Ether prices dropped over 11% for the week as of Thursday's close, though the cryptocurrency
00:24is still up over 30% year-to-date.
00:27For all things money, visit Benzinga.com.

Recommended

1:04
I
Up next
Here's Why Tech Stocks May Lead The Way Into The End Of The Year
Benzinga
0:48
Melinda Gates Reveals 'Substantial' Donations To Kamala Harris-Tim Walz Campaign, Says Her Billionaire Status Is Still 'Surreal:' 'We Are Like-Minded On Many Issues'
Benzinga
0:49
'They're Eating The Cats:' How Polymarket Traders Predicted Donald Trump's Bizarre Claim And The Pre-Debate Handshake
Benzinga
0:49
Trump's Niece Says Kamala Harris' 'Brilliant' Debate Performance Clarified What Kind Of Leader She Would Be: Ex-President 'Reduced To Sputtering Incoherence'
Benzinga
0:44
Nancy Pelosi Says Trump Lost To Kamala Harris And 'That's Why He Doesn't Want To Debate Again'
Benzinga
0:41
Grayscale's Ethereum ETF Rivals
Benzinga
0:41
Bitcoin Surges On MicroStrategy's Bold Purchase; Ethereum and Dogecoin Follow Suit: Analyst Sees ETH Hitting $3,500 After SEC Acknowledges Fidelity Spot ETF Filing
Benzinga
0:39
Ethereum ETFs Get Final Go-Ahead From The SEC: What Happens Next?
Benzinga
0:50
SEC Approves Spot Ethereum ETFs, Opening Door For Mainstream Investors
Benzinga
0:51
Bitcoin, Ethereum, Dogecoin In Full Meltdown As Mt.Gox Moves $2.7B To New Wallet: Bitcoin Declines To $51K Feared By Analyst
Benzinga
0:47
Bitcoin Crosses The $40K Threshold — Ethereum Spikes Too: FUD, FOMO To Dictate Whether $50K Arrives 'Sooner Rather Than Later,' Says Market Intelligence Platform
Benzinga
0:57
Bitcoin Spot ETFs On 15-Day Inflow Streak As Wisconsin Starts Buying Bitcoin
Benzinga
0:46
Peter Schiff Says 'Smart Money Is Selling' And Dumb Money Is Buying It Through ETFs: 'They Set Up Bitcoin ETF Investors To Be The Bag Holders'
Benzinga
0:47
Jim Cramer Says Just Go Buy Ethereum Or Bitcoin Instead Of Marathon Digital: 'Let's Not Fool Around'
Benzinga
0:48
Cathie Wood's Ark Invest Dumps Over $1.4M Worth Of Coinbase Shares Amid Crypto Rally, Buys More Robinhood
Benzinga
0:58
Jim Cramer Labels Binance A 'Sham' Amid SEC Lawsuit, Says Crypto Investors Now Have To 'Work In Overdrive' - $BTC
Benzinga
3:14
What is a spot bitcoin ETF and why it has sparked a crypto rally? | Future Focus
Yahoo UK
0:50
Billionaire Peter Thiel Voices Skepticism On Bitcoin's Future Growth: 'I'm Not Sure It's Going To Go Up That Dramatically'
Benzinga
0:50
Morgan Stanley Becomes First Wall Street Giant To Let Advisors Recommend Bitcoin ETFs
Benzinga
2:28
Now Is Not the Time to Invest In Crypto, Says Brock Pierce
The Street
0:43
Goldman Sachs Makes Blockbuster Debut, Adds Over $400M In Bitcoin ETF Position In Q2 As Morgan Stanley Pulls Back
Benzinga
4:15
Go Woke, Go Broke, ETF and GUNZ ETF, Matthew Tuttle, Tuttle Capital Management
Benzinga
0:38
Cathie Wood's Ark Invest Continues to Jettison Coinbase Shares As Anticipation Builds Around Approval of Bitcoin Spot ETF
Benzinga
0:57
Kim Jong Un's North Korea-Backed Hackers May Target Bitcoin And Ethereum ETFs, FBI Issues Warning
Benzinga
5:01
Why Bitcoin's Surge Could Be A Boon, Trap, For New Ether ETFS
Forbes