– Ether (ETH) saw marginal gains on Oct. 2, driven by the launch of an exchange-traded fund (ETF) linked to Ether futures on traditional stock market exchanges.
– The adoption of the Ethereum network by traditional financial institutions for real-world tokenized assets (RWA) has also boosted investor sentiment.
– Multiple Ethereum futures ETF instruments were listed, but initial trading volume was lower compared to Bitcoin (BTC) futures ETFs.
– UBS announced the launch of a live pilot for tokenized real-world assets on the Ethereum blockchain, further validating investor confidence in the network.
– Grayscale has submitted an application to the SEC to transform its Ethereum Trust into a spot Ethereum ETF.
– Short liquidations in Ether futures contracts contributed to a spike in Ether’s price, but subsequent corrections led to market volatility.
– Overall, the launch of Ethereum futures ETFs and increasing potential for real-world asset tokenization on the Ethereum blockchain have provided new avenues for investment and boosted investor optimism.
