BlackRock, Fidelity, and other big money managers said they got the final approval from regulators to start offering ether ETFs to everyday investors.
) can start trading following final approval from regulators on Monday, according to the money managers that will oversee the new ETFs.The moves could make ether, the world’s second-largest cryptocurrency, a potential staple in 401s, IRAs, and pension plans and grant the digital asset more mainstream acceptance.
"This is exemplary of Fidelity's rich history and commitment to meeting the evolving needs of our customers," Fidelity's head of digital asset management, Cynthia Lo Bessette, said in a press release.
The trading of ether ETFs is the latest example of wider public acceptance of digital assets by some prominent figures on Wall Street. One such figure is BlackRock CEO Larry Fink, who last week in an interview with CNBC referred to bitcoin as a "legitimate financial instrument."BlackRock was among the firms that received approval in January to start issuing a spot bitcoin ETF, which turned out to be a major boon for its first half of the year.
Economists and market watchers are betting the Bank of Canada will deliver another interest rate cut this week amid mounting evidence that inflation is sustainably easing.5 surprising signs you’re no longer ‘middle class’ in America and you've clawed your way up the class ladderByju Raveendran, an Indian mathematics whiz who soared from teacher to startup billionaire before his education-technology company imploded this year, now faces his biggest test.
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