ChainCatcher news, according to official website information, Gemini announced that it will serve as the custodian for VanEck's spot Ethereum ETF (ticker: ETHV). Just a few months ago, the company had just partnered with VanEck to launch the spot Bitcoin ETP.

ChainCatcher news, according to The Block, global Ethereum exchange-traded products (ETP) outperformed Bitcoin ETP in the past week ahead of the expected launch of the first Ethereum spot ETF in the U.S. on July 2.Data shows that Ethereum ETP saw a net inflow for four consecutive weeks, totaling 86,472 ETH, while Bitcoin ETP experienced a net outflow of 12,523 BTC.Bitwise Chief Investment Officer Matt Hougan pointed out that investors should consider diversifying their allocations by increasing Ethereum spot ETFs to capture more blockchain use cases. It is expected that eight companies, including BlackRock and Fidelity, will drive the approval of Ethereum spot ETF listing applications through final approval.

ChainCatcher news, according to the Financial Times, U.S. exchange-traded fund provider Global X stated that its Global X Bitcoin and Ethereum ETP will not charge any fees until January 3, 2025, after which the fee will become 0.29%.These two products were initially listed in March 2022 on the Xetra exchange in Frankfurt and the Swiss Exchange in Zurich, with a total expense ratio of 0.65%.

ChainCatcher news, according to the official announcement, WisdomTree today listed WisdomTree Physical Bitcoin (BTCW) and WisdomTree Physical Ethereum (ETHW) ETPs on the London Stock Exchange (LSE).The management expense ratio (MER) of these ETPs is 0.35%, making it one of the lowest fees among institutional-grade Bitcoin and Ethereum ETPs, and they are fully backed by the underlying assets.It is reported that WisdomTree is one of the first issuers approved to list crypto ETPs on the LSE, and currently, these crypto ETPs are only open to professional investors.

ChainCatcher news, asset management company WisdomTree (WT) has received approval from the UK's Financial Conduct Authority (FCA) to launch cryptocurrency exchange-traded products (ETPs) on the London Stock Exchange (LSE).According to Wednesday's announcement, WisdomTree's physically-backed Bitcoin (BTCW) and physically-backed Ethereum (ETHW) ETPs are expected to begin trading on May 28, and will be open only to professional investors, with a fee rate of 35 basis points.WisdomTree stated that it is one of the first applicants to receive approval for a prospectus from UK regulators.WisdomTree has a global asset management scale of over $111 billion, and its WisdomTree Bitcoin Fund (BTCW) is one of the Bitcoin spot ETFs approved in the U.S. in January. Since 2019, WisdomTree has offered cryptocurrency products on European exchanges.

ChainCatcher news, according to CoinDesk, ETC Group cited Bloomberg data in its weekly report, indicating that last week there was a net outflow of approximately $63.5 million from global Ethereum ETPs, with the largest outflow coming from ETFs listed in Hong Kong. Bitcoin ETPs saw an inflow of $92.5 million last week. Several factors may have contributed to ETH losing investor favor, including competition from Layer 1 and ongoing uncertainty regarding the approval of spot ETH in the United States.David Han, a research analyst at Coinbase Institutional, stated in a report on Wednesday: "The approval of spot Bitcoin ETFs in the U.S. has reinforced the narrative of Bitcoin as a store of value and its status as a macro asset. On the other hand, the unresolved questions regarding ETH's fundamental positioning in the cryptocurrency space still remain."

ChainCatcher news, Interactive Brokers has announced the launch of spot Bitcoin and Ethereum exchange-traded products (ETP) in Hong Kong.According to the introduction, qualified clients can trade the new spot Bitcoin and Ethereum ETPs, as well as stocks, options, futures, currencies, bonds, and funds, through a unified platform. Clients can purchase spot Bitcoin and Ethereum ETPs through their IBKR brokerage accounts and add cryptocurrency exposure to their portfolios without directly owning digital assets.

ChainCatcher news indicates that following BlackRock's submission of a Bitcoin ETF application in the United States, the flow of cryptocurrency-related exchange-traded products in Europe has increased. Data from Morningstar shows that in June, net inflows into cryptocurrency-related ETPs registered in Europe reached 150 million euros, the highest since March 2022.According to data from CoinShares, the total inflow of cryptocurrency-related ETPs globally in June and July amounted to 610 million dollars (560 million euros). Before the news of BlackRock's application, cryptocurrency ETPs worldwide had experienced nine consecutive weeks of net outflows, totaling 400 million dollars. However, after BlackRock announced its application, the outflows were offset by inflows.

ChainCatcher news, Swedish digital asset management company Virtune has listed the Virtune Staked Ethereum ETP SEK on the Stockholm Nasdaq exchange. This exchange-traded product (ETP) tracks the price of Ethereum while offering an additional annual return of up to 5%. Virtune uses non-custodial staking and does not transfer Ethereum to third parties.

Chain Catcher news, cryptocurrency asset management company 21Shares announced the addition of new products to its Crypto Winter Suite: 21Shares Short Ethereum ETP (SHETH) and Ethereum Core ETP (CETH). SHETH provides short exposure to Ethereum, while CETH seeks to offer low-cost exposure to Ethereum investments. The total expense ratio for the product is 0.21%.Previously reported, on June 29, 21Shares announced the launch of the Crypto Winter Suite, a product designed to help investors navigate bear markets, aimed at meeting the needs of investors looking to buy the dip and generate maximum potential long-term returns. The first investment product introduced in the suite is the 21Shares Bitcoin Core ETP (CBTC). (The Block)