Ethereum ETFs Are a Bet on the Growth of Tokenization

2024-7-11 10:36

Wall Street is gearing up to introduce novel investment opportunities with Ethereum exchange-traded funds (ETFs). These spot Ethereum ETFs, led by industry giants like Bitwise Asset Management, could launch as early as this week.

Many consider Ethereum ETFs as a broader bet on a technological evolution that could redefine asset management and transactions.

Ethereum ETFs: The Birth of a New Asset Class

Matthew Hougan, Bitwise’s Chief Investment Officer, describes this development as “the birth of a new asset class.” Moreover, Hougan believes Ethereum is an essential infrastructure for the tokenization of real-world assets.

“If you want to invest in the growth of tokenization, Ethereum is like the picks and shovels play. It underpins all of it. … I think that is going to appeal to a lot of people,” Hougan said.

Indeed, this perspective places Ethereum at the forefront of decentralized finance as a cornerstone of future financial practices.

Read more: What is Tokenization on Blockchain?

Tokenization transforms asset rights into digital tokens on a blockchain. This technology ensures transactions are recorded instantly, and ownership is transferred seamlessly, thereby enhancing the financial system’s efficiency and transparency.

Larry Fink, CEO of BlackRock, also emphasized that tokenization will likely overhaul every asset class. It stands out as a pivotal technological advancement with the power to streamline processes and mitigate issues like money laundering through improved traceability and security.

The momentum for Ethereum ETFs builds on the success of Bitcoin ETFs. Since their debut in January, the spot Bitcoin ETFs have attracted approximately $15 billion in inflows this year, securing positions among the top ETF inflows of 2023. This week itself, the spot Bitcoin ETFs have recorded inflows of over $330.4 million.

Read more: Ethereum ETF Explained: What It Is and How It Works

Particularly yesterday, spot Bitcoin ETFs saw inflows of $147.4 million, led by Fidelity’s Wise Origin Bitcoin fund (FBTC), which alone garnered $57.8 million. Not to mention, Wednesday marked the fourth consecutive day of positive flows for the spot Bitcoin ETFs

Reflecting on Bitcoin’s trajectory, Hougan remains bullish about Ethereum’s market entry.

“If we get five or 10 or 15 billion dollars in the first two years of these ethereum ETFs, that is a massive runaway success,” Hougan stated.

The post Ethereum ETFs Are a Bet on the Growth of Tokenization appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Growth DeFi (GRO) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.13 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 433.377k GRO / 580k GRO

growth ethereum tokenization etfs bet finance decentralized

Источник: beincrypto.com

growth ethereum → Результатов: 126


Фото:

Vitalik Buterin Proclaims an End to Explosive Growth as ETH Values Plummet: How Will Ethereum Recover?

Ethereum prices have plummeted over the last week, experiencing a drop in value of over 30% amidst a bloodbath that has shaved $50 billion off the cumulative cryptocurrency market cap. With ETH prices hovering around the $200 mark, Ethereum co-founder Vitalik Buterin announced the end of the age explosive growth within the cryptocurrency industry.

2018-9-10 03:40


Фото:

Ethereum Co-Founder: “There Isn’t An Opportunity For Another 1000x Growth”

Vitalik Buterin Questions The Growth Potential For Blockchain & Crypto The cryptocurrency has its fair share of contrasting opinions, some optimists believe that this new asset class will sweep across the world in a matter of years, while the pessimists on the other side of the coin hate this newfangled technology with a blazing passion.

2018-9-10 20:31


Ethereum Co-Founder: Blockchain Growth Based on Marketing is Hitting a Dead End

Ethereum co-founder Vitalik Buterin is of the opinion that the cryptocurrency market is unlikely to experience an explosive bullish rally similar to the one seen in late 2017 ever again. The ‘gold rush’ is in the past and now the average person is aware of blockchain and digital currencies, thus erasing the surprise element of.

2018-9-9 01:00


Joseph Lubin Of Ethereum And ConsenSys: Crypto Growth Still Strong Despite Market Drop

Ethereum’s Co-Founder Joseph Lubin Believes That Drop In The Market Will Not Harm Cryptocurrency Growth Joseph Lubin, Ethereum’s Co-Founder is bullish on virtual currencies and the crypto market. He said that he does not believe that the recent drop in the price of cryptocurrencies will affect the long-term growth of the market. He commented these […]

2018-8-20 10:32


Фото:

Price Swings Can’t Stall the Growth of the Crypto Space, Says Ethereum Cofounder Joseph Lubin

The downward spiral of a journey that the global crypto market has embarked on since the beginning of 2018 is expectedly making a lot of investors and industry stakeholders uneasy. But not Joseph Lubin, the co-founder of Ethereum, who seems convinced that plummeting prices are nowhere near bad enough to jeopardize the growth of the […] Price Swings Can’t Stall the Growth of the Crypto Space, Says Ethereum Cofounder Joseph Lubin was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-8-18 17:09


Ethereum Co-Founder Expects Another Crypto Bubble, Benefits Ecosystem

Could another exponential cryptocurrency bubble be on the horizon? The co-founder of Ethereum believes so, and that each new bubble brings in a wealth of talent to build on fundamentals. Joseph Lubin Comments on the Bubble Effect The meteoric rise of Bitcoin and subsequent growth in Ethereum, fueled by the initial coin offering (ICO) boom,.

2018-8-15 20:30


Фото:

Blockchain Project Luxcore (LUX) Appoints Crypto Pundit John McAfee CEO

Luxcore (LUX), a blockchain solutions and services ecosystem, has announced cryptocurrency pundit John McAfee as CEO. The blockchain company, which focuses on designing and building enterprise ready security and privacy products, says the decision to make John the company’s CEO is among its reorganization strategies that are purposely designed to bring about significant business growth […] The post Blockchain Project Luxcore (LUX) Appoints Crypto Pundit John McAfee CEO appeared first on Ethereum World News.

2018-8-13 21:45


ICO Market Doubled in a Year, Investing up Ten-Fold

Initial Coin Offering–Despite the sinking price of cryptocurrency across the market, initial coin offerings have managed to fair well in terms of growth through 2018. While the entire industry is embroiled in a bear cycle that has continued into the eighth month of the year, ICOs have doubled since 2017, while drastically increasing the amount […] The post ICO Market Doubled in a Year, Investing up Ten-Fold appeared first on Ethereum World News.

2018-8-9 18:27


Peru Shows Signs of “Accelerated Growth” in Crypto Trading

Latin America has turned out to be one of the most promising markets for cryptocurrencies around the world, with a dizzying growth in recent years. According to data from various sources, although other countries have a higher user base, the growth rate of some South American countries far exceeds that of other nations in the […] The post Peru Shows Signs of “Accelerated Growth” in Crypto Trading appeared first on Ethereum World News.

2018-8-5 09:04


Фото:

Ripple Exec: ‘Thrilled’ With Regulators Taking Interest in Cryptocurrency

Ripple (XRP)–Executives at Ripple are giving the impression that they welcome the introduction of regulators and increased scrutiny in the space of cryptocurrency. While some community members and investors are skeptical of increased regulation, seeing it as an attempt to stifle the growth of cryptocurrency and introduce the centralization that the industry has been designed […] The post Ripple Exec: ‘Thrilled’ With Regulators Taking Interest in Cryptocurrency appeared first on Ethereum World News.

2018-7-28 00:08


Фото:

One Week Away from TRON (TRX) ‘Secret Project’ Announcement

TRON (TRX)–On July 30th, TRON will reveal its long-anticipated ‘secret project’ that will mark the next step in TRX growth and innovation. TRON Virtual Machine and ‘Secret Project’ In June, during a celebration live-stream to commemorate TRON’s Independence Day (the official diversion of the TRX genesis block away from its ERC-20 roots), Justin Sun tantalized […] The post One Week Away from TRON (TRX) ‘Secret Project’ Announcement appeared first on Ethereum World News.

2018-7-23 03:08


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum Foundation’s Argot Faces Backlash Over Vyper Snub

Ethereum Foundation’s new Argot Collective faces backlash for omitting Vyper in its funding priorities, sparking debate on Ethereum's project support. The post Ethereum Foundation’s Argot Faces Backlash Over Vyper Snub appeared first on BeInCrypto.

Bitcoin, Ethereum ETFs Hit Multi-Week Highs Amid Crypto Recovery

Bitcoin and Ethereum ETFs recorded the highest multi-week inflows, signaling investor optimism about the crypto market's recovery amidst rising liquidity and favorable macroeconomic conditions. The post Bitcoin, Ethereum ETFs Hit Multi-Week Highs Amid Crypto Recovery appeared first on BeInCrypto.