Securities exchange NYSE Arca has also expressed interest in listing a Grayscale crypto index ETF holding a diverse basket of spot crypto but has yet to receive approval.
Ethereum ETF news
The ETF, which Grayscale spun off from its older Grayscale Bitcoin Trust, now holds around $4 billion in assets.
Bloomberg ETF analysts Eric Balchunas and James Seyffart expect Litecoin and Hedera will also get spot ETFs, but aren’t convinced there’ll be much demand for them.
ETH continues to show strength after Ethereum’s rally above $4,000 and bulls appear to be targeting the 2021 all-time highs under $5,000 and beyond.
Crypto ETPs recorded $20.3 billion of inflows during the past 10 weeks, accounting for 45% of all inflows in 2024.
The Grayscale Bitcoin Trust has had $21 billion in outflows since January, overshadowing gains from the nine new US-based spot Bitcoin ETFs in the market.
The new funds add to Grayscale’s expanding suite of single-asset crypto products.
Bitcoin could reach $180,000 by the end of 2025, the asset manager said.
Bitcoin remaining range-bound below $100,000 could be a net positive for Ether’s price and invite more investment into the world’s second-largest cryptocurrency.
The asset manager is extending its fee waiver until January 2026 for up to $2.5 billion in assets under management.