US asset management firm Neos Investments submits preliminary prospectus for high-yield Ethereum (ETH) ETF
JH Kim
Summary
- US asset management firm Neos Investments has reportedly submitted a preliminary prospectus for a high-yield Ethereum (ETH) ETF.
- It was noted that, recently, large amounts of capital have been flowing into Ethereum, driving active movements towards launching related ETFs.
- As of the 12th, Ethereum was trading at $4,236.53 on the Binance Tether (USDT) market, up 0.34% from the previous day.
On the 11th (local time), Eric Balchunas, a Bloomberg analyst, reported via X (formerly Twitter) that US asset management firm Neos Investments (NEOS) has submitted a preliminary prospectus for a high-yield Ethereum (ETH) exchange-traded fund (ETF).
He added, "Recently, as large amounts of capital have flowed into Ethereum, there’s been growing momentum for related ETF launches."
Meanwhile, as of 05:20 on the 12th, Ethereum was trading at $4,236.53 on the Binance Tether (USDT) market, up 0.34% from the previous day.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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