By Emir Abyazov Contrary to opinions held by some prominent voices in the community, allowing staking tokens in Ethereum exchange-traded funds could have a minimal impact on investment inflows without a sustained rise in the cryptocurrency’s price, according to Bloomberg analyst Eric Balchunas. In a New Era Finance podcast on April 29, Balchunas noted that […]
Tag: ETF
By Marco Piccolo The state of Arizona is preparing to make history, becoming the first U.S. state to legally invest public funds in Bitcoin. The bill—officially called the Arizona Strategic Bitcoin Reserve Act—passed through the state legislature on Monday and is now heading to Democratic Governor Katie Hobbs for final approval. If signed, the bill […]
By Marco Piccolo The XRP cryptocurrency is set for a major moment in U.S. financial markets this week as ProShares, one of the largest exchange-traded fund (ETF) providers, prepares to launch three XRP derivatives-based ETFs. Although these are not the long-awaited spot XRP ETFs many investors crave, the launches represent a crucial step forward in […]