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The no. 2 cryptocurrency, which commands less than a fifth of the $2.7 trillion crypto market, has not done poorly. But ether is up just around 53% in the first three months of this year, compared with bitcoin's 65%.
Franklin Templeton joins seven other ETF providers in the race to introduce spot Ethereum ETFs, after all contenders rolled out spot Bitcoin products in January.
The price of the world’s largest cryptocurrency hit an all-time high of $68,789 in November 2021 before crashing to $15,760 in December 2022. It’s now back around $50,000, but why?
Participation in foreign stock and ETF markets by Indian investors is regulated by the Reserve Bank of India's Liberalised Remittance Scheme (LRS). However, Indian investors need much more than SEC’s green signal amid repeated warnings by the RBI governor in the recent past.
The price of Bitcoin nosedived to around $42,000, plunging almost 10 per cent, after the spot Bitcoin exchange-traded funds (ETFs) started trading in the US.