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.
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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.