How Did ETFs Perform?
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- 🌊 Mt. Gox Creditor Floodgates Are Opening. With Kraken already beginning distributions, Bitstamp is close behind.
Read more on Bankless.com - ⚛️ Proton Mail Maker Debuts Bitcoin Wallet. Proton has launched early access to its self-custody Proton Wallet.
Read more on Bankless.com - 🏦 Coinbase Reportedly Planning Tokenized Money-Market Fund. The exchange has its own plans to enter the hot sector.
Read more on Bankless.com
📸 Daily Market Snapshot: Just as Ethereum makes its spot ETF debut on Wall Street, stock markets are facing some problems. Today, the S&P500 closed down more than 2%, ending a 356-day streak of staying above that marker. More than $1.1 trillion in value was erased from the U.S. stock market.
| Prices as of 6pm ET | 24hr | 7d |
|
Crypto $2.37T | ↘1.3% | ↗0.8% |
|
BTC $65,584 | ↘0.4% | ↗2.0% |
|
ETH $3,335 | ↘3.5% | ↘2.0% |
|
SNX $1.70 | ↘2.9% | ↘12.3% |
Spot Ethereum ETFs have completed one full day of trading, leaving one question on everyone's minds: how did these products perform?
While many were disappointed that ETH price was fairly stagnant on launch day, trading within a relatively tight 5% range and closing the day practically flat, all things considered, the launch of these products could have been much worse.
See how we grade the first day's performance 👇
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The Ether spot ETF has officially started trading, marking a landmark day for Ethereum and crypto as a whole.
David went live with Bloomberg ETF maven Eric Balchunas to discuss the magnitude of this moment and what it means for Ether the asset and the entire crypto industry. This is a big deal and we're stoked to be sharing this moment with the Bankless Nation.
Hear all of their analysis! 👇
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