Hong Kong’s three spot ether ETFs saw no flows on Thursday, while the spot bitcoin ETFs recorded a net outflow of 25.63 BTC.
U.S. spot bitcoin exchange-traded funds saw $107.91 million worth of net inflows on Thursday, led by BlackRock’s IBIT.
The SEC’s Trading and Markets Division, not the agency’s commissioners, made the decision to approve forms for a slew of spot Ethereum ETFs.
Despite Thursday’s sell-off in bitcoin-related stocks, the overall shift in tone “should make institutional investors more comfortable buying crypto and related instruments.”
Eight spot Ethereum ETFs were approved earlier today, but it might be a few weeks before they are available for trading.
The crypto industry celebrated the SEC’s approval of spot Ethereum ETFs, marking a dramatic reversal of fortune for the new products.
While outside forces depressed the crypto market, spot ether ETF mania helped sustain ether past a dip.
YouTuber Ian Balina broke U.S. securities laws when he offered and sold SPRK tokens, a Texas district court ruled on Wednesday.