Follow crypto ETF news, approvals, inflows, issuers, and market reactions across spot Bitcoin, Ethereum, and digital asset funds.
Steinberg believes that regulatory clarity, the emergence of publicly traded crypto funds, and the tokenization of real-world assets (RWAs) will push crypto into the mainstream.
Market observers said more public pension funds would invest in the Bitcoin ETFs.
VanEck CEO Jan van Eck sees Bitcoin as digital gold, backing a $2.9 million target by 2050.
The move follows a similar decision by the Wisconsin Pension Fund, which allocated 2% of its $156 billion in assets to Bitcoin ETFs in the second quarter.
The ETFs have far surpassed the typical volume for new ETF launches, which often struggle to exceed $1 million on their first day.
Pre-market trading has seen modest price performance for Ethereum.
The ETFs are scheduled to begin trading as US markets open at 09:30 Eastern Time on July 23.
Bitcoin and Ethereum ETFs lead $1.35 billion crypto investment boom.
The exchange has published listing notifications for five spot Ethereum ETFs, which are set to begin trading on July 23 after securing final regulatory approval.
