DACFP Supports SEC Approval of Spot Ethereum ETFs
DACFP's
"The SEC's approval of spot Ethereum ETFs is proof that digital assets are a legitimate asset class worthy of consideration by all investors," said
"Bitcoin and Ethereum are the Coke and Pepsi of crypto," Edelman added, "and now that there are spot ETFs for both of them, you can expect an array of additional ETFs to enter the market, featuring combinations of the two, leverage, and active management. The investment opportunities are going to grow exponentially, as will the prices of both of these assets."
The approval of spot Ethereum ETFs represents a landmark moment for the cryptocurrency market, providing financial advisors, institutional investors and retail investors with inexpensive, easy access to Ethereum in a highly liquid, transparent and familiar package.
"We expect the availability of these ETFs to drive significant inflows into Ethereum, mirroring the enthusiastic reception of spot bitcoin ETFs, which launched in January and have seen tens of billions of dollars in asset flows."
Known as "programmable money" or a "smart contract" platform, Ethereum allows for more flexible and complex financial transactions than bitcoin. This fundamental feature explains why Ethereum is the second-largest digital asset by market cap, serving as a commercial application useful in virtually every industry in the world. Financial advisors can leverage these new ETFs to diversify and rebalance their clients' portfolios, taking advantage of the unique attributes of both bitcoin and Ethereum.
DACFP is providing education about the new spot Ethereum ETFs at its upcoming VISION conference,
DACFP also offers the Certificate in Blockchain and Digital Assets online program (CBDA – a FINRA-listed designation), which gives financial professionals, investors, consumers and students the knowledge they need about blockchain technology, digital assets, NFTs, tokenization, and the metaverse – as well as crypto regulation, compliance and taxation.
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SOURCE Digital Assets Council of Financial Professionals
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