Another huge step forward for regulatory clarity: ETH is not a security! We’ve been saying it for years and today the SEC finally made it official.
Coinbase is proud to be the trusted partner and custodian powering 8 of the 9 newly approved ETH ETFs.
#Ethereum #ETH $ETH IS about to pump.
This pattern usually pumps aggressively.
Higher lows and higher highs
#ETHETFs #EthereumETF #EthereumETFs
Let's pump this.
Here's volume after first 15 minutes of trading. Total of $112m traded for the group (which is A TON vs a normal ETF launch but only about half of what bitcoin ETFs' volume pace was on DAY ONE, altho 50% would exceed expectations IMO). Also Bitwise outperforming early.
Great to see the @SECgov adjust course and allow ETH Spot ETFs to begin trading today.
On second thought, we should actually be thanking the courts. Gary Gensler has got to go.
DAY ONE in the books for Eth ETFs who did $1b in total volume, which is 23% of what the spot bitcoin ETFs on their first Day and $ETHA did 25% of $IBIT's volume. The gap between $ETHE and The Newborn Eight is a healthy +$625m (a sizable chunk of which *should* convert to inflow
I was curious how the Eth ETFs would rank in Day One volume vs all 600 or so new launches in the past 12mo but *excluding* the btc ETFs and $ETHA would be #1 (by a lot), $FETH #2, $ETHW #5 and $ETH 7th, and $ETHV in 13th spot. And $CETH, which was lowest among group, would still