BlackRock's ETH Spot ETF (ETHA) Now Trading in US Premarket

IconCryptoNewsTerminal Staff23 Jul, 2024

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BlackRock's ETH Spot ETF (ETHA) Now Trading in US Premarket

BlackRock's highly anticipated ETH Spot ETF (ETHA) has finally begun trading in the US premarket, as reported by Yahoo Finance. As of now, the ETF is priced at $28.27. ETHA is a physically backed ETF that provides investors with exposure to the price of Ether (ETH), the native cryptocurrency of the Ethereum blockchain. The ETF is designed to track the performance of ETH as closely as possible, and it is expected to be a popular investment vehicle for both institutional and retail investors. The launch of ETHA marks a significant milestone for the cryptocurrency industry. It is the first spot ETF to be approved by the Securities and Exchange Commission (SEC), and it is expected to pave the way for a number of other similar ETFs to be launched in the future.

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