Bitcoin ETF has opened doors for ether spot, says Zodia CEO
In this week’s episode of Yahoo Finance Future Focus, Brian McGleenon engages in a discussion with Zodia Markets CEO Usman Ahmad, focusing on the shifting market sentiment towards ethereum as investors anticipate the potential inclusion of ether in a spot exchange-traded fund (ETF). Ahmad highlights the market’s initial focus on the approval of spot bitcoin…
In this week’s episode of Yahoo Finance Future Focus, Brian McGleenon engages in a discussion with Zodia Markets CEO Usman Ahmad, focusing on the shifting market sentiment towards ethereum as investors anticipate the potential inclusion of ether in a spot exchange-traded fund (ETF). Ahmad highlights the market’s initial focus on the approval of spot bitcoin ETFs, preceding ethereum’s emergence as a frontrunner for the next ETF approval. The Zodia Markets CEO also discusses the recent approval of spot bitcoin ETFs and the subsequent sell-off, expressing confidence in long-term stabilisation and positive trends for bitcoin’s price action.
Additionally, the conversation delves into the macroeconomic perspective, with the Zodia Markets CEO addressing the possibility of a rate pause and its potential impact on investor confidence in capital allocation strategies, particularly for risk assets like bitcoin.
Brian McGleenon 14 June 2024·4-min read BlackRock (BLK) is leading the charge in the mass tokenisation of real-world assets on blockchains, according to Zodia Markets Ireland chair Michael Walsh.
The Securities and Exchange Commission is expected to follow the strategy employed in approving spot bitcoin exchange-traded funds for spot Ethereum ETFs, starting with rejections and ultimately granting approval on the initial final deadline on May 23, according to Standard Chartered Bank.