Global) Tuesday, July 23 will be remembered as a new milestone for the cryptocurrency industry. Because when the Bitcoin ETF was launched, it was the turn of the second most popular cryptocurrency. Here’s how 9 Ethereum ETFs were launched on the United States stock market with a transaction record close to $100 million in just 15 minutes since launch. Overall, most believe that these investment funds will have good trading volume, although they will not be able to match the amount of capital moved by Bitcoin ETFs launched in early 2024.
CryptoMKT, one of the main cryptocurrency exchange platforms in Latin America, applauded the news, stressing that the event marks a significant milestone in the world of cryptocurrency and institutional investment.
“The launch of the Ethereum ETF in the US market not only confirms the growing interest and adoption of cryptocurrencies at the institutional level, but also offers a new opportunity for investors to diversify their portfolios with digital assets. This is in addition to the important milestone that occurred in early 2024 when Bitcoin ETFs were launched. What is important for the entire crypto industry is that the market is starting to feel that digital assets are broader than a single asset, which creates countless opportunities for investors,” said Maria Fernando Jupet, CEO of CryptoMKT.
For her part, Denise Chinelli, Chief Operating Officer of CryptoMKT and CM in Brazil, highlighted the positive impact of this development on emerging markets:
“The introduction of the Ethereum ETF on the US stock exchange represents an important step towards the integration of cryptocurrencies into the global financial system. This move will not only attract traditional investors, but also increase confidence in the cryptocurrency market. “In Brazil and throughout Latin America, we see this launch as an opportunity to further democratize access to cryptocurrency investments and encourage greater financial inclusion.”
The addition of these ETFs to the US market is a reflection of the growing interest and confidence in cryptocurrencies as an asset class. ETFs provide a more accessible and regulated way for investors to participate in the Ethereum market without the need to own digital assets directly.