DACM Lianchuang: Ethereum has the feasibility of establishing spot ETFs

Bitget App

Trade smarter

Cointime2024/01/11 09:14

By:Cointime

Ethereum became one of the biggest beneficiaries in the decision by US regulators to approve the country's first Bitcoin ETF. As of the time of writing, Ethereum has risen by 9% in the past 24 hours to reach $2,609 per coin, its highest point in 20 months. Meanwhile, Bitcoin has skyrocketed by over 160% in the past year and is currently trading at around $46,070, indicating that traders are betting that the next product approved by the SEC will be an ETF for direct investment in Ethereum. Calvin, co-founder of Sydney-based cryptocurrency asset management company DACM, said that based on Ethereum's scale, liquidity, and existing CME futures, it has the attributes to establish a spot ETF using the successful Bitcoin model.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Share link:In this post: Tether, the world’s largest stablecoin issuer, mints another $1 billion worth of USDT on the Tron blockchain on Monday. The stablecoin issuer has issued roughly $12 billion of USDT on Tron since the beginning of 2025. The total supply of USDT on Tron is currently at $71.71 billion.

Cryptopolitan•2025/04/28 21:22

Josh Hawley resurrects ‘Pelosi Act’ to ban elected officials from trading markets

Share link:In this post: Senator Josh Hawley intends to push to ban members of Congress and their spouses from trading stocks. If the Pelosi Act passes, members of Congress and their spouses will have 180 days to comply. President Trump has stated that he supports the act and would sign it into law.

Cryptopolitan•2025/04/28 21:22