OnEquity
Newbie
- Messages
- 1
- Likes
- 0
Ether ETFs formally began trading in the US on Tuesday, bringing the world’s second-largest cryptocurrency into the mainstream for many investors and professional advisers. The new funds come from traditional issuers such as BlackRock and Fidelity, as well as cryptocurrency-specific firms such as Grayscale, marking another development in the gradual introduction of digital assets into mainstream finance. Ether is the cryptocurrency originating from the Ethereum (ETH) blockchain. While Bitcoin is often presented as a type of digital gold, Ether is perceived more as a bet on the growth of blockchain and cryptocurrencies in general.
“Ethereum’s appeal lies in its decentralized nature and its potential to drive digital transformation in finance and other industries,” said Jay Jacobs, head of US active and thematic ETFs at BlackRock, in a statement.
“Ethereum’s appeal lies in its decentralized nature and its potential to drive digital transformation in finance and other industries,” said Jay Jacobs, head of US active and thematic ETFs at BlackRock, in a statement.