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Spot Ether EFTs Top $1 Billion in Volume But Bitcoin Comparisons Could be Short-Lived
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This story was originally published on HackerNoon at: https://hackernoon.com/spot-ether-efts-top-$1-billion-in-volume-but-bitcoin-comparisons-could-be-short-lived.
Is the ETH ETF’s performance a statement of intent or a flash in the pan?
Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #ethereum, #cryptocurrency, #investing, #stocks, #ethereum-spot-etf, #ether-etf, #defi, #crypto-investing, and more.
This story was written by: @dmytrospilka. Learn more about this writer by checking @dmytrospilka's about page, and for more stories, please visit hackernoon.com.
The launch of nine-spot Ether exchange-traded funds (ETFs) heralded a brave new world for cryptocurrency adoption on Wall Street. Is the ETH ETF’s performance a statement of intent? Or a flash in the pan? Spot Ether ETFs commanded an opening day cumulative trading volume of $1.08 billion. But there are some warning signs that the impact of the ETHETF may not be all it seems.
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